[Qbawler311]

I got this off a website, I'm not sure if its correct. Since my math skills are so weak I can't figure out what I am doing wrong. Thanks in advance to all members who choose and have chosen to help instead of ridicule.

"Remember that you must TAKE (T) the higher odds and LAY (L) the lower odds. The formula is based of off what odds you can get. In the above example the take (T) odds are 155, and the lay (L) odds are 145.
(T + 1) /( L + 1) x L = amount to lay per 1 dollar bet on the take odds.

So our take odd is 1.55, and our lay odd is 1.45

(1.55 + 1) / (1.45 + 1) X 1.45 = 1.51

For every 1 Dollar bet at +155, we bet 1.51 at –145.
The next formula is to determine the percentage profit we are guaranteed.

(T –L) / L (T+2) + 1 = percentage won.

(1.55) / 1.45(1.55 + 2) + 1 = 1.6%"


This is the line I am having trouble with:
<< (T –L) / L (T+2) + 1 = percentage won.

In his example (T-L) would not equal 1.55

I have changed the function around several different ways and I can't seem to get 1.6%?

I am interested in the correct function for gauranteed percent profit. I plan to have my programs GUI sort the highest percent gaurantee profits.