Formula For Weighted Average
- An average resulting from the multiplication of each component by a factor reflecting its importance
- An inventory valuation method which values ending inventory based on the average cost per unit for the period.
- The weighted mean is similar to an arithmetic mean (the most common type of average), where instead of each of the data points contributing equally to the final average, some data points contribute more than others.
- Given a sequence of function values and a matching sequence of real numbers, called weights, such that the sum of all of the weights is unity, then the sum of all of the products of the weights times the function values is called a weighted average of the function values.
weighted average
- A fixed form of words, esp. one used in particular contexts or as a conventional usage
- A mathematical relationship or rule expressed in symbols
- a conventionalized statement expressing some fundamental principle
- A set of chemical symbols showing the elements present in a compound and their relative proportions, and in some cases the structure of the compound
- a group of symbols that make a mathematical statement
- recipe: directions for making something
formula
BetXTech – Grand Diamond Casino, Cambodia Sportsbook Deployment
XC-EPOS™ is a user-friendly product that enables operators to take bets from their customers which are automatically placed on the Betfair exchange betting platform. Organizations can fully utilize market liquidity provided by Betfair’s market leading betting exchange.
XC-EPOS™ allows operators to offer competitive odds which are automatically converted from Betfair odds with a built-in, adjustable profit margin essentially enabling no-risk betting profit. The solution provides betting shop, casino, and sports cafe operators the opportunity to manage a Sport and Event betting offering without the financial risks associated with traditional Sportsbooks.
OPERATOR-FOCUSED FEATURES
•Support for multi-currencies and multi-languages
•Fine-grained Margin Management at every level: Global -> Sport Level -> Event Level -> Sub-Event Level -> Market Level
•Betting For, Betting Against, and live, “in-running” betting are all supported.
•Huge profit if the punter’s bet won but no profit when punter’s bet lost. Highly recommended on punter-friendly betting events such as World Cup.
•Choices on when and where to apply margins:
•Odds and Stake Margin: Margin profit realized regardless of the outcome of an event
•Odds Only Margin: “If Win” mode enables larger profit if punter’s bet won, but no profit for losing bets (recommended on punter-friendly events such as the World Cup).
•Three choices of margin formula:
•Best Odds – Gets the current best odds from the exchange
•Weighted Average – Gets the average of all available odds
•Dynamic Weighted Average – a variation of the Weighted average except that a price will only be included if it is within 25 percent of the current best odds
•Preview mode for punters: enables separate client-facing screens to allow punters to peruse available markets.
•Complete, robust and exportable set of reporting
•EPOS cashier runs out of the box : No servers needed
•Support for Decimal Odds, Vegas Odds, Fractional Odds and Malay Odds
•Support for Multiple Sports
•Support for Multiple TV Monitors and other output devices
•Ability to exclude sports that you do not want to offer on a permanent or temporary basis
•Full compatibility to all POS devices supported by Microsoft Windows Embedded Point of Service and Windows XP Pro Operating Systems
•Low cost of ownership
•Can run on a regular PC, Laptop or POS Terminal
FOR MORE INFORMATION, Pls. CALL +44 (0)20 8123 0968 in the UK, or +33 6 24 74 61 73 outside the UK.
BetXTech – Grand Diamond Casino, Cambodia Sportsbook Deployment
XC-EPOS™ is a user-friendly product that enables operators to take bets from their customers which are automatically placed on the Betfair exchange betting platform. Organizations can fully utilize market liquidity provided by Betfair’s market leading betting exchange.
XC-EPOS™ allows operators to offer competitive odds which are automatically converted from Betfair odds with a built-in, adjustable profit margin essentially enabling no-risk betting profit. The solution provides betting shop, casino, and sports cafe operators the opportunity to manage a Sport and Event betting offering without the financial risks associated with traditional Sportsbooks.
OPERATOR-FOCUSED FEATURES
•Support for multi-currencies and multi-languages
•Fine-grained Margin Management at every level: Global -> Sport Level -> Event Level -> Sub-Event Level -> Market Level
•Betting For, Betting Against, and live, “in-running” betting are all supported.
•Huge profit if the punter’s bet won but no profit when punter’s bet lost. Highly recommended on punter-friendly betting events such as World Cup.
•Choices on when and where to apply margins:
•Odds and Stake Margin: Margin profit realized regardless of the outcome of an event
•Odds Only Margin: “If Win” mode enables larger profit if punter’s bet won, but no profit for losing bets (recommended on punter-friendly events such as the World Cup).
•Three choices of margin formula:
•Best Odds – Gets the current best odds from the exchange
•Weighted Average – Gets the average of all available odds
•Dynamic Weighted Average – a variation of the Weighted average except that a price will only be included if it is within 25 percent of the current best odds
•Preview mode for punters: enables separate client-facing screens to allow punters to peruse available markets.
•Complete, robust and exportable set of reporting
•EPOS cashier runs out of the box : No servers needed
•Support for Decimal Odds, Vegas Odds, Fractional Odds and Malay Odds
•Support for Multiple Sports
•Support for Multiple TV Monitors and other output devices
•Ability to exclude sports that you do not want to offer on a permanent or temporary basis
•Full compatibility to all POS devices supported by Microsoft Windows Embedded Point of Service and Windows XP Pro Operating Systems
•Low cost of ownership
•Can run on a regular PC, Laptop or POS Terminal
FOR MORE INFORMATION, Pls. CALL +44 (0)20 8123 0968 in the UK, or +33 6 24 74 61 73 outside the UK.