back and lay formulas

[giveitago]

I wonder if anyone already has these formulas.

I'm looking to lay at a set liability and then bet at a higher price so if the horse won I would make nothing, but lose nothing and if it lost I would make money.

Thanks.

[Alpha322]

use the bookmaking section you will find that sort of thing there

[giveitago]

But I'm looking to do this in Excel so that it's actioned once certain criteria have been met.

[rubysglory]

Something like this might help with assumption that Back Price is >= to Lay Price.

Back&Lay.jpg

rg

[giveitago]

Thank you rubysglory! That's perfect.