Back to lay question

[goldfinch77]

Can anyone please explain the formula or calculations that happen in this situation.

CS market, back £10 at KO 7.6, then at HT the lay odds are 3.4.

At HT I place the lay bet for £10 and the following occours.

The trade profit shows £10.33 and the "no liability" shows £33.71

My question is, at HT how can I calculate (for automation) the 2 figures above ?


Any help would be appreciated.

[goldfinch77]

Sorry the back and lay stakes were £9 not £10

[Dallas]

Backing for £9 @ 7.6 returns a profit of £59.40
Laying for £9 @ 3.4 returns a profit of £21.60

After closing the trade you'll have a profit of £37.80 if that selection then wins, and £0.00 on all other selections

[goldfinch77]

Yes, I see now, it had to have been simple for me not to understand

Thank you.

[goldfinch77]

Dallas, just a qick follow up if I may.

Do you know where BF take the commission from, is it £59.4 or the £37.8 ? or both ???

Thanks

Andy

[ShaunWhite]

Do you know where BF take the commission from, is it £59.4 or the £37.8 ? or both ???

Commission is on net profit for the market.

Eg. Your back bets win or lose, your lay bets win or lose, and you pay commission on any bottomline profit.

[goldfinch77]

OK thanks.