maxascent

02-23-2010, 08:43 AM

Hello

I am hoping that someone with a good understanding of probability theory could answer a question I have. I am trying to understand how Betfair calculate the odds for their Hi Lo game. I can understand for the first card but I dont know how to calaculate the odds for the next cards.

For example with 7 cards lower and 4 cards higher than the current card the computer guesses lower and the probability is :-

1.58 (1/(7/11))

and the next probabilities (which I cant calculate):-

2.17

2.88

3.85

etc

Thanks for any help

Jon

I am hoping that someone with a good understanding of probability theory could answer a question I have. I am trying to understand how Betfair calculate the odds for their Hi Lo game. I can understand for the first card but I dont know how to calaculate the odds for the next cards.

For example with 7 cards lower and 4 cards higher than the current card the computer guesses lower and the probability is :-

1.58 (1/(7/11))

and the next probabilities (which I cant calculate):-

2.17

2.88

3.85

etc

Thanks for any help

Jon