Football
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02 Aug 10
02:08
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Date Joined:
18 May 03
I am trying to specify a formula that I can use to convert bookies odds into typical Betfair odds for football markets.
I have a formula at the moment, but it overexaggerates the price for low odds and does not increase it enough for large odds.
The equation I am using is
(Bookies odds x(Bookies odds/2/12+1)
It works reasonably well, but is not quite correct.
I have a formula at the moment, but it overexaggerates the price for low odds and does not increase it enough for large odds.
The equation I am using is
(Bookies odds x(Bookies odds/2/12+1)
It works reasonably well, but is not quite correct.
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do you mean turning fractional odds into decimals?
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Unfortunately not, I am trying to take averaged bookies odds, and then convert them into the odds you'd expect from the Betfair site.
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Bookies odds - Bookies odds = A
Betfair odds * 2 - betfair odds = B A+B=Betfair odds. Theres no set formula, it all depends how confident of picks we areover here. Low odds, 1.05 etc, will be within 0.01/0.02. Odds of 1.9 could be anywhere from 1.88 to 2.25 on here. Depending on teams/form/team news. So no formula will ever work |