How to Bet on More Than One Player in Lotusbook247 Id?

If we bet on more than one player in Lotusbook247 Id, we might get a better return on our money. As we've already said, we'll try to get the predicted return to standard deviation ratio as high as possible.

Before we can use this method, we need to know how to figure out the expected return and the standard deviation for a set of bets.

Estimating Event Probability: Exploring Eleven Possible Results

Let pi be our estimate of how likely it is that event i will happen. In this case, there are eleven possible results, so we have

p₁ + p₂ + p₃ + p₄ + p₅ + p₆ + p₇ + p₈ + p₉ + p₁₀ + p₁₁ = 1

Each pi falls between 0 and 1.

In general, for N possible results, this can be shown as:

Let wi represent the percentage of our total wager on this event that we bet on outcome i. If we only wager on one player, the result is 1 for that player and 0 for everyone else. Our bet weightings must also add up to 1.