Author Topic: Term for Back bet return  (Read 1188 times)

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Term for Back bet return
« on: 20 Feb 2016, 19:52 »
Hi
Is there a market term for the profit on my successful back bet for example £10 at 2.10
returns £10-45 profit after commission so it is the £10-45 I wish to use in my next calculation.
I have tried a couple of ones but with no success.
Mike

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Re: Term for Back bet return
« Reply #1 on: 20 Feb 2016, 21:22 »
hi
it would be (10*(2.10-1))*(1+commission)=11.55 profit (depends on your commission rate, mine is 6%,normal 5%)


mcbee
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Re: Term for Back bet return
« Reply #2 on: 20 Feb 2016, 22:13 »
Hi,
Thanks for the reply,
I was looking for something like back_payout so that I can uses for example back_payout *0.5
as my stake on the lay bet.
I have tried this but it does not work with back_payout,
The idea being to only risk part of the back bet profit as a part saver on the lay bet. So I reduce the maximum
potential loss but keep some of the potential profit from the back bet.
Mike

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Re: Term for Back bet return
« Reply #3 on: 23 Feb 2016, 12:25 »
hi
use       profit_loss*0.5


mcbee
Please read the following  disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

 

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