Trying to understand how profits are calculated

[win20]

Hi I'm really interested in getting into sports trading but I don't understand how back to lay profits are calculated, I was watching a horse scalping video on the Bet Angel channel, in the example the ladder was in reverse and he was laying at 10 and backing at 10.5 with a £10 stake making £5 profit which makes sense because I thought the profit would be the difference between £10 x 10 and £10 x 10.5. I have watched many other videos where the same concept of calculating profit is used.

When I do it in practice mode with the same stake I layed at 8.6 and back at 8.8 (reverse ladder) and I thought the profit would be £2 but it was 0.23p instead, is there a reason for this? Or am I just doing something wrong?

[Dallas]

It would be £2 if you weren't then greening up (spreading your profits ie, the £2 equally across all selection)

These might help
viewtopic.php?f=47&t=11408
viewtopic.php?f=47&t=11572

[Derek27]

Hi I'm really interested in getting into sports trading but I don't understand how back to lay profits are calculated, I was watching a horse scalping video on the Bet Angel channel, in the example the ladder was in reverse and he was laying at 10 and backing at 10.5 with a £10 stake making £5 profit which makes sense because I thought the profit would be the difference between £10 x 10 and £10 x 10.5. I have watched many other videos where the same concept of calculating profit is used.

When I do it in practice mode with the same stake I layed at 8.6 and back at 8.8 (reverse ladder) and I thought the profit would be £2 but it was 0.23p instead, is there a reason for this? Or am I just doing something wrong?

You're confusing closing trade (free bet) with greening.

Laying £10 at 8.6, closing involves backing £10 at 8.8 giving you a £2 free bet if the horse wins.

Greening involves backing £9.77 at 8.8 giving a £0.23 (not 0.23p ) profit across all selections.