Percentage for Profitability Charts

A few years ago KBH developed 'Percentage for Profitability Charts'. The
purpose of the charts were to show the required percentage of correct bets
at the odds level being bet to produce an overall required percentage of
profit. And here the percentage of profit is the
percentage of the total amount wagered.

Going through my notes I found a calculator program that loops through a
reasonable amount of increments and outputs correctly to one decimal place
of a percentage. Then with the ease of how the results could be checked I
realized that there was a direct linear solution.

So the focus here and now is on the condensing of the calculation to a
linear solution and an algorithm.

For P% profit level and D odds to one:

RequiredPercentageCorrectBets =

(P + 100) / (D + 1) .



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