General Betting
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Implied commision is a device which lessens the burden of those who pay premium charge.
What is the calculation for working out implied commision I don't myself pay premium charge but I am just interested in knowing all about the subject.
I am pretty certain what implied commision is so it isn't worth going into complicated explanations about it as concept, I am just interested in the calculation needed to work it out.
What is the calculation for working out implied commision I don't myself pay premium charge but I am just interested in knowing all about the subject.
I am pretty certain what implied commision is so it isn't worth going into complicated explanations about it as concept, I am just interested in the calculation needed to work it out.
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Implied comm% = commission calculated at 3% on all losing markets.
When added to comm% paid - you then divide by 2 to get what is called - Generated Comm% Which is a major factor in qualifying for PC. |
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If I put £100 at even money and lost the bet how much implied commison would that be?
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£3
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In your original post you stated that implied commision was 3% divided by two
Wouldn't this mean £100 won on the bet would have £3 divided by two which would be £1.50 worth of implied commision? |
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Read it again.
Implied and generated % = 2 separate things |
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Example two
£100 placed on 2/1 shot, the bet loses How much implied interest have I accummulated? |
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In the last sentence I meant implied commision.
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The same.
Its the liability - i.e. how much you lose , not the odds you are backing at. For laying - It is also the liability. It is all detailed in the terms and conditions |
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Its still £3.....As you only lost a £100 at 3%
.................................................................................. Its only your winning Commission paid, that he said, is divided by 2. Because your only allowed credit for half your commission paid it means if you only have winning bets that week you can end up paying 22.5%+ on those winnings. Commission genearted from any losing bets will always stays the same at 3%......Cheers |
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I think I understand now, thankyou.
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Blessington , you only get credit for half the implied commission as well.
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ete....Thanks...........didn't know that.
Thought they only divided your winning commmision......Cheers |
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Yes it's a neat trick , if you only had that £100 loser in the week the Commission Generated would be £1.50 :)
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So am I right in thinking that implied commision is in effect 1.5% of your initial stake on all losing bets?
Example one £100 on a losing bet = £1.50 implied commision Example two £200 on a losing bet = £3 implied commision Example three £300 on a losing bet= £4.50 implied commision Are these three examples above correct in determining how much implied commision would be credited from each losing bet? |
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Yes.
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Just to clarify , the implied commission is 3 % , but is divided by 2 before it counts as a commission generated figure , which is what is used for calculating PC.
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Just to clarfy even further , it's not from a losing bet , it's from total loss on a market just like we pay commission on total win on a market.
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