What if

Hiya all
On the trading ladder you have the "what if p/l"
Is there a formula/variable within MF that will return this value?
Thanks in advance

Hi,

A special variable will be added in the next program update.

But right now you can calculate this value. If you placed more back bets than lay bets on a selection, e.g. if you backed first, then it'll be:

(back_payout-lay_payout)/lay_price - back_matched

If you placed more lay bets than back bets, then it is:

lay_matched - (lay_payout-back_payout)/back_price

Hi , should the lay_price-back_matched be in brackets ?
I tried this out as it was , without brackets on the denominator and couldn't get it to work...
Thanks

hi
yes you need the brackets to define the amounts

mcbee

Hi mcbee, I'm afraid I don't agree.

The formula I suggested does not need additional brackets.

If you made a back bet of £10 @ 2.2, and the current lay price is 2.1, then the expected profit from the greening up bet will be:

(back_payout-lay_payout)/lay_price - back_matched

That is

(10*2.2 - 0)/2.1 - 10 = 0.48

Whereas if you add brackets it will give a totally different (incorrect) result:

(back_payout-lay_payout)/(lay_price - back_matched)

(10*2.2 - 0)/(2.1 - 10) = -2.78

binsey, you need to give an example of what exactly didn't work.

hi
yes you are correct oxa.
because the lay_price, is one calculation followed by -back_matched another calculation.
having brackets makes the calculation 1 whole value.

mcbee

What if

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