Refer the attached formula. I need someone to enter this into an excel spreadsheet, allowing me to enter the win prices for "up to" 16 runners a race, which will then subsequently produce the odds for each runner running a "place" (place means the runner comes 1st, 2nd or 3rd in the race).
This means if it is a 7 horse race, I can enter the win prices for 7 runners. If a 12 horse race, then enter 12 win prices.
The accuracy of your spreadsheet will be loosely checked using this online calculator (which also helps explain what I am after) [url removed, login to view]