General Betting
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Can someone tell me how do i get a back price from a lay price.
eg. if i lay a bet at 3.7 what would the equivalent back price be.
I hope this makes sense
eg. if i lay a bet at 3.7 what would the equivalent back price be.
I hope this makes sense
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fatboy1945,
Divide your original odds into 100, in this case 100/3.7 = 27.027%
The reverse odds would be the other 72.972%
i.e. 100 divided by 72.972 = odds of 1.27
Divide your original odds into 100, in this case 100/3.7 = 27.027%
The reverse odds would be the other 72.972%
i.e. 100 divided by 72.972 = odds of 1.27
Try again MINUS one point.
100 divided by 2.7 = 37.037%
Reverse odds would be 62.96% = 1.588
100 divided by 2.7 = 37.037%
Reverse odds would be 62.96% = 1.588
It's easier just to divide the lay odds, L, by L - 1.
Eg. 3.7 is equivalent to 3.7/2.7 (1.37)
Eg. 3.7 is equivalent to 3.7/2.7 (1.37)
1/(3.7-1) = 1/2.7 = 0.3703703
add 1 back on, 1.3703703
reverse of 3.7 certainly isn't 1.27!
3.7 is nearly 11/4 so reverse would be around 4/11 - a rough ready reckoner.
add 1 back on, 1.3703703
reverse of 3.7 certainly isn't 1.27!
3.7 is nearly 11/4 so reverse would be around 4/11 - a rough ready reckoner.
I was always told never to mix fractions and decimals. but you are correct...
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