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FOR Example if I have a 100 double on with a bookies that pays 5-1
and the 2 horses to lay on exchanges are 1.71 and 2.35 (Commission at 4% and the horses aren't running at same time).
what are the odds for the double lay if they both win , and what is the calculation?
Not forgetting commiso
and the 2 horses to lay on exchanges are 1.71 and 2.35 (Commission at 4% and the horses aren't running at same time).
what are the odds for the double lay if they both win , and what is the calculation?
Not forgetting commiso
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please clarify - will your return from the bookie be 600?
i.e. 100 stake and 500 profit |
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indeed ty
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Then you're sitting pertty
As the horses are not 'across the card' you can be as felxible as you want to be on the first won to run e.g. 70 lay liability of about 50 |
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a) - Is that 5/1 Profit (Excluding Stake) - or 5/1 Returned (including Stake)
- ie - £500 Profit - or £400 Profit? b) - The Exchange prices that you quote are unlikely - at the SAME time as the Bookie bet placed - as they are much lower that the Bookie odds. c) - Are you proposing the Hedge/Lay back the Bookie bet on the Exchange? d) - 1.71 = 11/8 ... 2.35 = just over 11/8 - The Exchange Double would, therefore come to 4.1 - or a Liability of 3.1 ... or £310 (excluding commission) You need to explain your intentions more fully - for further input. |
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* typo -
d) - 1.71 = 8/11 ... 2.35 = just over 11/8 |
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* omission (shown in red text) & error (shown in purple text) -
d)- 1.71 = just under 8/11 ... 2.35 = just under 11/8 regards Ronnie |