How to calculate LSP?

donald242
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How to calculate LSP?

Postby donald242 » Tue Oct 21, 2008 1:00 am

Hi All,
I have a question for help. LSP confused me a bit. Sometimes the profit is positive, but the LSP is negative, sometimes the profit is negative, but the LSP is positive. How is the LSP calculated?

Thanks!

man o bong
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Postby man o bong » Tue Oct 21, 2008 4:06 am

LSP is simply settled as £1 stake on each and every bet
When you're told you can't do something, do it and prove them wrong

chalcedony
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Postby chalcedony » Fri Feb 27, 2009 11:18 am

i am still fairly new and trying to understand how the competitions work. does this mean that it is not worth betting more than £1 on each bet if the prizes are only based on LSP. is there any point in winning lots of money on a bet by staking a lot or are there some prizes for this as well?

madbobmagee
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Postby madbobmagee » Fri Feb 27, 2009 11:25 am

The prizes are based on profit not LSP as far as I understand.

the LSP is used for `pro` status and also it`s a good indication of how good/bad your selection process is and if you are getting any value.

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Postby nors » Fri Feb 27, 2009 11:49 am

Each table has the different prize criteria at the top of the page.

If you check the different tables you can see what needs to be achieved to win a prize.

But also you can follow your own tipping performance by profit and lsp to hopefully improve your betting.

zackman
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Postby zackman » Wed Mar 04, 2009 7:02 pm

ill post here instead of opening a new thread

on my profiles Are You A Pro? table it only shows me having 2 months of +lsp on football in the last 6 months yet ive had +lsp on football for 3 months in a row from dec - feb - all the relevant boxes were blue for each of those months - can it be corrected please

giani
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confusion

Postby giani » Mon Nov 16, 2009 9:41 am

If Greg Chalmers won this bet:
JBWere Masters Betting Without Tiger Woods
Market: To Win Outright
Event Time / Date (UK): 2009-11-14 00:30:00
Selection: Greg Chalmers
Total Stake: £50
Bet Type: EW
Odds: 6/1
Actual Profit (Loss): £180
,how many points LSP receive?

fritos59
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Postby fritos59 » Mon Nov 16, 2009 10:51 am

Divide your profit ( £180 ) by your stake ( £50 ) = 3.6 pts LSP

Hope this helps :win:

giani
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Postby giani » Mon Nov 16, 2009 11:25 am

Thanks, now I understand!

gambler307
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Re: How to calculate LSP?

Postby gambler307 » Sat Jun 24, 2017 8:57 pm

LSP COULD SEEM TOUGH TO UNDERTAND BUT IT NOTHING TO WORRY ABOUT. ITS JUST THE AMOUNT OF PROFIT YOU MAKE WITH THE STAKE 1$ U INVEST. IT WILL NEGATIVE IF YOU ARE IN LOSS AND POSITIV IF YOU ARE IN PROFITS

Micko70
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Re: How to calculate LSP?

Postby Micko70 » Sat Jun 24, 2017 10:44 pm

LSP = Level Stakes Profit, all of the competitions on OLBG opperate with LSP, thus making it fair for everybody.

Example, let's say on the 1st day of the month, when all OLBG competitions start, i have 50 virtual credit on an even money shot and you have 500 on the same horse but at odds of 4/5, your returns would be much greater than mine, 900 returns compared to 100, but i would be above you in the league table as my horse returned or was backed at evens, giving a level stakes profit of 1.00, whilst your level stakes profit would be 0.80 for your 4/5.

That is how LSP works for the competitions on OLBG, so regardless of the stake, we all HAVE AN EQAUL chance of winning.

I hope this helps

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