Author Topic: Book Percentage When Dutching Different Markets  (Read 3875 times)

Tags:
  • All members
  • Posts: 141
Hi everyone,

Does anyone know what book % is needed to back dutch in different markets? Just having "less than 100%" does not work, here is why:

Market #1
Back £1.28 @ 7.8

Market #2
Back £8.68 @ 1.15

The book percentage above is 99.77% which would be £0.02 profit in the same market, but because they are in different markets it is a £0.04 loss:

LOSE: £1.28 @ 7.8 = -£1.28
WIN: £8.68 @ 1.15 = £1.30 - commission = -£0.06
TOTAL: -£1.28 + £1.30 - £0.06 = -£0.04

So how do I know what book percentage I need to make a profit dutching different markets?

Thanks,

Whitey :)
Yeah! :p

  • Élite
  • Posts: 3698
  • Gender: Male
*
Re: Book Percentage When Dutching Different Markets
« Reply #1 on: 28 Sep 2015, 20:51 »
hi
the best way is to ADD the commission to the bets made, then you will make the profit.


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.

  • All members
  • Posts: 141
Re: Book Percentage When Dutching Different Markets
« Reply #2 on: 28 Sep 2015, 21:03 »
Hi mcbee,

How do you mean?

Add 5% to what would have been staked?

So £1.28 becomes £1.28 x 1.05 = £1.34 and £8.68 becomes £8.68 x 1.05 = £9.11

Thanks,

Whitey :)
Yeah! :p

  • Élite
  • Posts: 3698
  • Gender: Male
*
Re: Book Percentage When Dutching Different Markets
« Reply #3 on: 29 Sep 2015, 04:35 »
hi
yes, then there will be a profit made.

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.

  • All members
  • Posts: 141
Re: Book Percentage When Dutching Different Markets
« Reply #4 on: 29 Sep 2015, 09:27 »
Hi mcbee,

That does not work, it just makes more of a loss because you are staking more money at the same book %.

Do you have any other ideas?

Thanks,

Whitey :)
Yeah! :p

  • All members
  • Posts: 829
Re: Book Percentage When Dutching Different Markets
« Reply #5 on: 29 Sep 2015, 10:12 »
Hi Whitey,
If I'm understanding correctly you are trying to dutch in two markets as being treated as one event. I fail to see the logic behind it.
Each race is bet to a tad over a 100% Betfair market.
In any case you are treading too close to the 100% line when you quote odds of
7.80 and 1.15 (7.80 = 12.82%) (1.15 = 86.96%) total = 99.78% and no room for error and commission to be paid on top of that !!. Of course if they both win then happy days. I feel
you are trying to obtain the impossible. Try dropping your total% to 80 or below.
R
My grandma taught me not to run downstairs and never back odds on.

  • All members
  • Posts: 141
Re: Book Percentage When Dutching Different Markets
« Reply #6 on: 29 Sep 2015, 10:22 »
Hi racepro,

It would be impossible for them both to win. The outcome HAS to be one or the other.

In the example there is a profit if it is in the same market, but in separate markets it doesn't work. So I want to know what book % it needs to be to make a profit using 2 markets.

Thanks,

Whitey
Yeah! :p

  • Élite
  • Posts: 3698
  • Gender: Male
*
Re: Book Percentage When Dutching Different Markets
« Reply #7 on: 29 Sep 2015, 11:07 »
hi
sorry, you are correct, my brain didn't work as it should.
i have tried many combinations and it cannot be done due to the commission been taken.
the only way that i can work out is to have 2 more conditions that check the dutched payout from each market is more than your minimum profit that you want.
the triggers will only place a bet if both markets have a profit.


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.

  • All members
  • Posts: 829
Re: Book Percentage When Dutching Different Markets
« Reply #8 on: 29 Sep 2015, 11:44 »
Hi,
I didn't understand obviously.
You were talking about two markets on the same race.
From what I see the margins are too tight and no room for error even if
you did find any kind of solution.
R
My grandma taught me not to run downstairs and never back odds on.

  • Élite
  • Posts: 3698
  • Gender: Male
*
Re: Book Percentage When Dutching Different Markets
« Reply #9 on: 01 Oct 2015, 08:49 »
hi
the answer is 98.70
but the highest price market has to place the bet *1.02
the lowest price market has to place the bet*.98
so 7.8=1.28*1.02   and the 1.15=8.68*.98
but in your case the prices need to be 8.6 and 1.15 or 7.8 and 1.17 or better.
at the book% 98.70 there will be a profit on both markets.


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.

  • All members
  • Posts: 829
Re: Book Percentage When Dutching Different Markets
« Reply #10 on: 01 Oct 2015, 09:04 »
Hi,
The mathematics may be correct but is this practical ?
R
My grandma taught me not to run downstairs and never back odds on.

  • Élite
  • Posts: 3698
  • Gender: Male
*
Re: Book Percentage When Dutching Different Markets
« Reply #11 on: 01 Oct 2015, 09:38 »
hi
i think he is using soccer markets 0-0 and over 0.5
so if the prices are correct you get a guaranteed return,small but any profit is good.


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.

 

Please note, BetFair is seems to be currently OFFLINE