Hi all,
I am trying to find what formula should be used for the following:
A 10£ lay bet was placed at 2.30. This bet will have a liability of 13£.
Now if I want to attempt to place a green up back back to get 5% of the liability (not stake) how can I calculate what odd and stake (including commission) should be used? i.e. 9.27£ at 2.48 for a 5.30% hedged profit.
From what I have understood the "attempt to green up" trigger will do the math for the stake and not liability.
Thanks