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  • #1 by whitey86 on 31 May 2013
  • 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
  • #2 by MartinSteiner on 31 May 2013
  • Hi Whitey,

    the formula for a market with 5% comission:

    win_amount / 95 * 100 = lay_amount to get your win_amount after comm.


    more general formula if commission is x%:

    win_amount / (100-x) * 100 = lay_amount to get your win_amount after comm.


    For your 50 GBP example with 5% commission for lay bets, your lay_amount ist 52,63 GBP to have a win of 50 GBP after commission.

    Martin
  • #3 by mcbee on 31 May 2013
  • hi
    mfp formula is

    50/(1-commission)

    mcbee
  • #4 by whitey86 on 03 Jun 2013
  • Hi Martin and Mcbee,

    Thank you both for your formulas - they both work perfectly :)

    Thanks,

    Dave
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