Can anyone help me out with a problem I have?
I have been tracking data on certain sports and I need to work out what the hedged amount would be.
For example
I have £10 Lay bet matched at Odds of 5.
Then £10 Back bet matched at Odds of 6.
Obviously this wields £50 from back side and -£40 from the lay side(not counting commission), but how can I correctly calculate the hedged value?
Many thanks in advance.
