Forum Archive Index - November 2003

[Peter Riches <peter@kairos.ws>]

Hi Evan

I am interested in your spreadsheet. You can send it to me directly if you
would prefer.

Regards
Peter
_________________________________________________
Peter Riches
Wellington
New Zealand
e-mail peter@kairos.ws


----- Original Message -----
From: "FLODEN, Evan" <600180@student.collegiate.school.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, November 16, 2003 2:01 PM
Subject: [sharechat] Macdunks Great Idea!!!


Well I ran the figure and I'm sorry to say Macdunk that it doesn't quite
work out for this one.
Based on the best odds I could find

NZ Win (Using Australian TAB) = $1.28
Australia Win (Using NZ TAB)  = $4.50

Using your ratio of 2:1  ($500 on Aus, 1000 on NZ) we get the figures:

If NZ win return = loss of $220
If Australia Win = gain of $750

This particular bet isn't quite workable but i'll try find an example that
maybe traders will gain on.

I have however figured a formula for which you can enter the best odds you
can find on both teams and it will work out firstly if it is proffitable,
and then at what ratio. If anyone is interested I am willing to post the
excel sheet.

Also after all the talk about the gold etc, I am wondering if it really can
be as good as everyone saying it is eg. the fairshare website. When it come
to investing in gold stocks (on ASX), is there anything one must specially
look out for? and being a student I can handle allot of risk (I figure I've
got at least 60 years of trading ahead of me), so would only choosing a two
or three ASX gold stocks be acceptable?

Cheers,
Evan
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