New Posts For Thread: Maths questionhttps://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-questionThere was a letter in the racing post today where a trainer appears to be mixed up about how the BF commission system works, can anyone tell me how he might have come to the conclusion below:A Wolverhampton race had £434k matched on the win market aspot on Contrarianhttps://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490554789#490554789spot on ContrarianSun, 27 Mar 2011 11:16:44 -0500Why are these idiots allowed to put stuff in papers?https://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490546137#490546137Why are these idiots allowed to put stuff in papers?Sun, 27 Mar 2011 09:27:13 -0500Total nonsense; To work out comission you have to know the amount matched against each losing bet.Let's suppose £100 gets matched at 1.1, (that's really £50 backed and layed of course), then that's £50 at 1.1;If the 1.1 shot comes in, then the bachttps://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490539625#490539625Total nonsense; To work out comission you have to know the amount matched against each losing bet.Let's suppose £100 gets matched at 1.1, (that's really £50 backed and layed of course), then that's £50 at 1.1;If the 1.1 shot comes in, then the bacSun, 27 Mar 2011 07:55:02 -0500Yes schoolboy error, not unsurprising given its Racing Post and a horse trainer. Almost like they want to give out misleading opinionhttps://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490535785#490535785Yes schoolboy error, not unsurprising given its Racing Post and a horse trainer. Almost like they want to give out misleading opinionSun, 27 Mar 2011 06:36:22 -0500He appears to have taken the average commission paid to be 3.5% (which it is not), and then assumed that Betfair would have received this %age of the total matched. Betfair would only received anything remotely approaching this amount if all the custhttps://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490534953#490534953He appears to have taken the average commission paid to be 3.5% (which it is not), and then assumed that Betfair would have received this %age of the total matched. Betfair would only received anything remotely approaching this amount if all the custSun, 27 Mar 2011 06:16:41 -0500526 X 3.5% = 18.41That's how he got it, i believe the correct calc. would be 263 x 2-2.5% = 5.26-6.57https://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490534845#490534845526 X 3.5% = 18.41That's how he got it, i believe the correct calc. would be 263 x 2-2.5% = 5.26-6.57Sun, 27 Mar 2011 06:13:54 -0500Perhaps he was a layer and was factoring in his premium charge.https://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490534685#490534685Perhaps he was a layer and was factoring in his premium charge.Sun, 27 Mar 2011 06:09:04 -0500There was a letter in the racing post today where a trainer appears to be mixed up about how the BF commission system works, can anyone tell me how he might have come to the conclusion below:A Wolverhampton race had £434k matched on the win market ahttps://community.betfair.com/general_betting/go/thread/view/94082/27326345/maths-question?post_id=490533161#490533161There was a letter in the racing post today where a trainer appears to be mixed up about how the BF commission system works, can anyone tell me how he might have come to the conclusion below:A Wolverhampton race had £434k matched on the win market aSun, 27 Mar 2011 05:29:11 -0500