I forgot to bet for Germany, oops.
Anyway,
£1 on Grosjean on the podium @ 4/1
£1 on Hamilton to win @ 9/2
£1 on Vettel pole @ 9/4
Cheers
Perhaps I've made a mistake. Can someone please check my maths?
I began the weekend with £57, and made three bets with a total stake of £10.
Losing bets:
Two bets lost. These were £4 and £2 stakes, with a net loss of £6.
Before considering my winning bet, I believe this leaves a total of £51.
Winning bet:
My winning bet was £4 Hamilton to win @ 9/2, which wins £18 plus returns the £4 stake, doesn't it?
(£4x9=£36 divided by 2 equals £18 and returns the £4 stake).
This is a total return of £22, isn't it?
And when added to the £51 after my net loss of £6 from a starting total of £57, I calculate that I should now have £73.
This is exactly £4 more than the £69 now showing in my account, so I am wondering if my £4 winning stake was returned?
It's only a bit of fun but if my understanding is wrong, I always like to understand where I went wrong!
Please help if you get a moment!
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Aha! Thanks AG. I knew I'd done something wrong but couldn't see where I'd gone wrong.You're forgetting to subtract the £4 stake for the winning bet when it was placed, but then returning it when the bet was won.
You had £57, placed £10 worth of bets taking your total to £47. Your winning bet then returned £22 (£18 winnings plus the £4 stake) taking your total back up to £69.
Bearing in mind the above, Silver; I'm pretty sure you've extended the gap !Have I extended or lost ground to you Cosicave?
Is there any way that us bottom people can get our cyber £20 back but then we have declared our loss (as in if we get to the top we dont win!) I feel it will make it more fun for us.
I've given everyone an extra tenner.
