Then you have to calculate the variance for each bet: Stake^2 * (decimal odds - 1). In the simplified formula the variance is the same for every bet.
Sum the variance for all bets and take the...
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Then you have to calculate the variance for each bet: Stake^2 * (decimal odds - 1). In the simplified formula the variance is the same for every bet.
Sum the variance for all bets and take the...