General Betting
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What is the formula to work out what the odds are after 5% commision? I know you can do the options on betfair, but I wanted to be able to work out what the actual odds were.
Odds of 1.5 Stake £10 = £5 profit -5% commison = 4.75, so odds were 1.47 (roughly) what is the calcualation to get the 1.5 down to 1.47ish?
Odds of 1.5 Stake £10 = £5 profit -5% commison = 4.75, so odds were 1.47 (roughly) what is the calcualation to get the 1.5 down to 1.47ish?
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(1.5-1)*(1-0.05)+1=1.475
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Cheers, most appreciated.
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formula ????????????
If its 6 JUST DO 5* 0.95 ---- you thick unt  |
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+1
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y = mx + c
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Glasgow calls someone thick then gets it wrong.
Backing odds w/o comm: x Backing odds w/ comm: (x-1)*0.95+1 = 0.95*x+0.05 Laying odds w/o comm: x Laying odds w/ comm: (x-1)/0.95+1 |