This works like the Healthy Wage calculator, but with the following features:
- No email entry required
- Change any input you want and it updates on the fly
- Tells you when you are betting too much money for your pledge
- Tells you how to adjust your weight pledge to get a big increase in prize
I reverse-engineered the Healthy Wage calculator and this is the result. There’s a complicated Excel workbook powering this thing.
Is it accurate? Well, I do have the disclaimer that the results will be off by a few cents or maybe a couple of bucks.
My formula for low-ROI bets is an approximation of what Healthy Wage uses, so there will be a bit of error there. For ROI under 60%, their formula is especially complex, and so there’s more error in that specific region—but for practical purposes I don’t think it matters a whole lot.
In contrast, for bets with ROI over 200%, the formula is totally linear, so the prize HWSim displays should be within a penny or two of the Healthy Wage calculator.
I will write a white paper soon on all of this, as well as a user guide. But in the meantime, feel free to use and ask me anything about it!
Weight Betting Odds 