Percentage for Profitability: In the year 1993 KBH developed 'Percentage for Profitability Charts'. The purpose of the charts were to show the required percentage of correct bets at the odds level being bet to produce an overall required percentage of profit. And here the percentage of profit is a percentage of the total amount wagered.
KBH Percentage for Profitability Algorithm: While the focus of the year 1993 was on the charts the focus of this page is on the condensing of the calculation to a linear solution and an algorithm.
For P% profit level and D odds to one:
RequiredPercentageCorrectBets = (P + 100) / (D + 1) .
KBH Applications: KBH Applications is a software/shareware application development company owned by KBH of metro Atlanta, GA. The business is structured as a software application consultant. Software licensing is by mail order to the KBH post office box noted in the software. Contact is through the e-mail listing on this web page.