Formula for my Betting Spreadsheet

**WayneI** · 11-13-2012, 06:00 PM

Hi, I am a newbie here (as well as excel) so apologies if this does not make sense.

I am making a spreadsheet up for calculating my Sports Bets (just figuring how much I am losing haha!)

Need to calculate how much do I need to spend to get a 5% return from a total.
i.e. If my account has $200 therefore 5% = $10 and the odds are $1.50. I need to spend $20 to get total of $30 with $10 profit. I know the odds of $1.50 and my account $200. What formula would calculate this?

Thanks

**shg** · 11-13-2012, 06:09 PM

=return / (decimalOdds - 1)

e.g., =10/(1.5 - 1) = 20

**WayneI** · 11-13-2012, 06:18 PM

Awesome thanks mate.

**vlady** · 11-13-2012, 07:16 PM

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