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SquirrelJ
26 Apr 12 13:37
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Date Joined: 19 Mar 04
| Topic/replies: 165 | Blogger: SquirrelJ's blog
What is the formula to work out what the odds are after 5% commision? I know you can do the options on betfair, but I wanted to be able to work out what the actual odds were.

Odds of 1.5 Stake £10 = £5 profit -5% commison = 4.75, so odds were 1.47 (roughly) what is the calcualation to get the 1.5 down to 1.47ish?
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Report Mr.Anderson April 26, 2012 1:44 PM BST
(1.5-1)*(1-0.05)+1=1.475
Report SquirrelJ April 26, 2012 2:02 PM BST
Cheers, most appreciated.
Report Glasgow Brian April 26, 2012 7:02 PM BST
formula ????????????

If its 6


JUST DO 5* 0.95 ---- you thick unt CryCryCryCryCry
Report JLivermore April 26, 2012 10:08 PM BST
+1
Report YOMOMMA April 26, 2012 10:39 PM BST
y = mx + c
Report ror April 26, 2012 11:47 PM BST
Glasgow calls someone thick then gets it wrong. Cry


Backing odds w/o comm: x
Backing odds w/ comm: (x-1)*0.95+1 = 0.95*x+0.05

Laying odds w/o comm: x
Laying odds w/ comm: (x-1)/0.95+1
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