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