Author Topic: Help: Net win formula  (Read 1953 times)

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Help: Net win formula
« on: 20 Apr 2015, 14:26 »
Ok, maybe my brain just isn't there right now, but I am missing something and cannot get to the bottom.

Let's say I want to have a $10 PROFIT on a bet, no matter the odds.
I was going for PROFIT / BACK PRICE. But, let's say the backing price is 2.0, this means the bet will be $5. Obviously I take a win of $10, but I want a PROFIT of $10, so it needs to be $7,50 bet.
But I just can't figure out the formula, I searched the web, and really just want it solved asap  ;)

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Re: Help: Net win formula
« Reply #1 on: 20 Apr 2015, 16:04 »
Hi,

The formula is the same for back net payout and lay liability:

Either:

profit/(back_price-1)

or

liability/(lay_price-1)
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Re: Help: Net win formula
« Reply #2 on: 21 Apr 2015, 01:23 »
Thank you so much Oxa!

 

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