Advantage over the game formula?

[DealMe3]

Does anybody know the formula to calculate a player's advantage over the game? It has to do with win% minus loss% divided by something? I hope someone can help?

[Dave Schwartz]

Profit (or loss) divided by total money wagered.

[Dan Montilion]

More cash on hand at end of calander or fiscal year than beginning. The more cash one has the better the year.

Dan (keep it simple) Montilion

[Tom]

Check out how Uday and Kushay controlled racing at Iraq's track.
Talk about an advantage over the game! Yikes!:eek:

[PaceAdvantage]

Actually, I think you are looking for this formula DealMe3:

%Advantage = Win% - (Loss% / $Odds)

If you pick 40% winners at an average payoff of $5, you have no advantage over the game:

40%-(60%/$1.50)=40-40=0

This is taken directly from Jim Quinn's Optimal Betting chapter in his 'Best Of TB Handicapping' book....

[DealMe3]

Hey thanks, that's what I was after. I just couldn't remember the formula. :)

[hurrikane]

The best I've is heard profit is the money you won that you spend somewhere besides the track....

[Tom]

Originally posted by hurrikane@HTR
The best I've is heard profit is the money you won that you spend somewhere besides the track....

That's what VLT's are there for!