Help extracting profit from Accumulator
-
Following on from Mark’s example on the 6-Jan I need some “baby steps” as I am struggling. Let me explain. The example given was 4 legs. All odds 1.5. and a £25 bet.
Leg 1: Lay £25. If it wins proceed to leg 2. If it loses, you have your £25 stake back and a 29.6% chance of getting the free bet.
Leg 2: Lay £37.50. If it wins proceed to leg 3. If it loses, you have your £25 stake back (37.50 = 25 + 12.50) and a 44.4% chance of getting the free bet.
Leg 3: Lay £56.25. If it wins proceed to final leg. If it loses, you have your £25 stake back (56.25 = 25 + 12.50 + 18.75) and a 66.7% chance of getting the free bet.
Leg 4: You’re now in a situation whereby if the leg loses you get the £25 free bet and if it wins you win £126.56 (25*1.5^4). Up to this point, you’ve invested 25 + 12.50 + 18.75 + 28.13 = £84.48.
Up to that point, I understand, however the example then goes onto explain this:
Let’s suppose you extract 80% of the free bet. Lay £71.04. This secures you £91.04 (£6.57 profit) in both cases: if it wins and if it loses.
I cannot see how the amount for £71.04 comes about?
Please can someone explain the method needed to do that?Thank you in advance.