Anyone have a formula re: betting for a pre-determined profit?

Question

Example: If I choose to bet Horse A at 9-5 odds paying $5.60, and also Horse B in the same race at let's say 5-2 odds paying $7.00, how much should I bet on each Horse, so that should either of them win, I would end up with a goal amount of let's say $50.00 profit, after cost?

What would the formula look like? Of course I know that neither of them may win, and likely won't, but I would like to know the formula.

Would it be similar to a pre-determined profit for betting one horse?

Answer 1

i have a chart that tells you how much to bet on each send me your email address [e-mail] will send a copy

Answer 2

That would depend on which horse you really expect to win. if you split the bet and the lower payoff comes in then you will not make your margin of profit. My best choice would be to do bet $10 on each horse to win and if either horse wins your at least in the profit zone.

Answer 3

You can do a search for dutching horses.there are free dutching tools out there.As to getting the program on a small handheld computer i dont know.There used to small handled jobs that had dutching built into them.Beware you must be able to narrow the picks down.If you are not a good handicapper then dutching is not worth your time or money.Dutching was named after NYC gangster dutch schultz who could in his mind bet different horses with different amounts and profit.Of course this was in an era before parimutual betting when bookies were on the premises giving odds out.

Answer 4

just win 60% of your wagers......

example......southwell.....tuesday....... races....you

will need 3 wins to make a profit......

1410......2

1440.....3

1540.....4

1610.....2

1640.....5