Formula that maintains a persistent profit margin

Nivra_G

New Member
Joined
May 31, 2018
Messages
1
Hi guys,

World cup is around the corner and i'd like to do up a spreadsheet that highlights a persistent profit margin. I've done up a basic version of this. But i'd like there to be a column that highlights how much extra we will need to put in if we wanted the payout for each outcome to be $800. Simple version below.

MINIMUMTARGET AMOUNT:$800
PlayersODDs
Your Bet AmountYour Win AmountYour ProfitMin BET to TargetMin Target Profit
Harry Kane$15$20$300$178$53$528
Luis Suarez$21$25$525$525$38$528
Higuain$26$15$390$390$31$528
Timo Werner$15$22$330$330$53$528
Muller$34$20$680$680$24$528
Griezmann$11$20$220$220$73$528
Totals$122$272

<colgroup><col><col><col><col><col><col><col></colgroup><tbody>
</tbody>


MIN Bet Profit is currently the Bet amount multiplied by the odds deducted by the total "Min BET to target" (Capital).

Would there be a way to ensure the Bet Profit is constantly $800 for each outcome?
 

Excel Facts

Copy formula down without changing references
If you have =SUM(F2:F49) in F50; type Alt+' in F51 to copy =SUM(F2:F49) to F51, leaving the formula in edit mode. Change SUM to COUNT.
If the word "Odds" is in B2 then a formula like =800/B3 should return the bet that would result in an $800 win at the odds in B3
 
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