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Can someone tell me the % profit in green under betfair results for BSP against ISP includes the 5% comm
or do you have to take another 5% of that price?
or do you have to take another 5% of that price?
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anyone know the answer to this?
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I'm confused - as the % difference dont seem to calculate so how do they do it
latest race example - surely a 25% uplift = 3.0 not 2.84, any clues ... 02:56 Mountaineer Casino Racetrack & Resort (US) Industry SP Betfair SP 1st Circus Game 2.4 2.84 2nd Velvet Halo 14.9 15 3rd Patch O'gold 31 18.01 Winner SP Advantage: 25% Ran: 7 Non Runners: None Status: Result View full result |
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any help?
. http://www.betfair.com/help/Help.SP.Betting/ |
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cheers elise, I looked at that as was trying to answer OP ?
but that doesnt really explain the % difference and more I looked at it - I cant see how the % is calculated |
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In response to the OP, yes, 5% commission is factored in to the percentage figure when BSP is compared to ISP.
Deltâ In your example the 25% figure has been rounded up,it's actually 24.86%. Just plug the BSP and ISP figures, 2.84 and 2.4 in to a spreadsheet in cells A1 and A2 respectively. In cell A3 copy and paste the formula below... =(((A2-1)*0.95)-(B2-1))/(B2-1)  |
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that formula correct?
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gotcha - as in using the calc top 2, thanks
altho if i put that formula in A3 - didnt come out right ... but get the theory tar |
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got it
A1 not 2 and A2 not B2  |
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Sorry, should have mentioned....
Format cell A3 for 'Percent', two decimal places. |
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obvs
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Anyone know the answer to this?
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dave
the green figure includes the 5% reduction |