Hi guys,
Something has been borthering me for a while - how do you work out how much to bet if you want to win a certain amount after commission?
For example if I want to win £50 on a lay bet on a 5% commission market - how do I work it out? 5% of £50 is £2.50 but that doesn't mean I have to lay £52.50, because 5% of £52.50 is £2.63 so that would leave me with £49.87. I can't find a formula to work it out.
Thanks,
Whitey