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I've posted this in Genral Betting, but we all know it's quiet in there, so I thought I'd try my luck here.
I have created a couple of spreadsheets for recording bets. Back, Lay, etc but mainly for level stakes or backing a percentage of a bank.
What I want is ficed liablity laying, and I can't seem to be able to work it out. Saying that, I am pretty hopeless with Excel.
So for exmaple, if I wanted a liability of £10, and H3 is my stake & I3 is the lay odds, what would be the calculation?
Cheers.
I have created a couple of spreadsheets for recording bets. Back, Lay, etc but mainly for level stakes or backing a percentage of a bank.
What I want is ficed liablity laying, and I can't seem to be able to work it out. Saying that, I am pretty hopeless with Excel.
So for exmaple, if I wanted a liability of £10, and H3 is my stake & I3 is the lay odds, what would be the calculation?
Cheers.
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If I understand you correctly, H3 must be a variable based on the odds available with a fixed stake of £10? In which case I think you would need to use the goal seek function
I've never even heard of that function. Like I said, I'm quite a novice.
I guess it's probably best to do it manually then.
I guess it's probably best to do it manually then.
just open the help file and search for "goal seek" and it should explain it there - but basically you want to make the cell with the liability always have a value of 10.00 by altering the value of H3 using a calculation on H3 & I3
The formula for H3 is 10/(I3-1)
Why do you need to bother when Betfair do it for you?
Why do you need to bother when Betfair do it for you?
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