What is the green up calculation?

[Brovashift]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

[Dallas]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

For a free bet you don't need to calculate anything just place an opposing bet using the same stake as your opening bet

The calculation for a green up/hedged bet has never changed its always been Stake multiply by entry odds & divided by current best exit odds

[Derek27]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

The trading equation is: back stake * back price = lay stake * lay price

So back stake = lay stake * lay price / back price,

back price = back price * lay stake * lay price / back stake,

and the same for calculating back stake/odds.

[Brovashift]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

For a free bet you don't need to calculate anything just place an opposing bet using the same stake as your opening bet

The calculation for a green up/hedged bet has never changed its always been Stake multiply by entry odds & divided by current best exit odds

Hi Dallas,

Just pressing buttons in practice mode and if I place a £10 back @7.0 and want to green up @6.0 = £1.67

I can'y figure out how that 1.67 is calculated. When I multiply stake by entry odds (7.0) & divide by exit odds (6.0), using a calculator I get 11.666, which with greening button turned off shows a free bet of £10 @6.0, so assumed the discrepancy to be commission or something?

What am I missing?

[Brovashift]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

The trading equation is: back price * back odds = lay price * lay odds

So back price = lay price * lay odds / back odds,

lay odds = back price * back odds / lay price,

and the same for calculating back price/odds.

Hi Derek,

Does "price" = stake... ye?

[Dallas]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

For a free bet you don't need to calculate anything just place an opposing bet using the same stake as your opening bet

The calculation for a green up/hedged bet has never changed its always been Stake multiply by entry odds & divided by current best exit odds

Hi Dallas,

Just pressing buttons in practice mode and if I place a £10 back @7.0 and want to green up @6.0 = £1.67

I can'y figure out how that 1.67 is calculated. When I multiply stake by entry odds (7.0) & divide by exit odds (6.0), using a calculator I get 11.666, which with greening button turned off shows a free bet of £10 @6.0, so assumed the discrepancy to be commission or something?

What am I missing?

The £11.67 is the stake required as it includes the greening part of the bet
if the actual green/hedged up bet is matched your profit would be £1.67, which is the difference between your original stake of £10 and your exit stake of £11.67

[Derek27]

Hi all,

Just scribbling some ideas for manual/auto trading strategies and would like to know what the green up calculation is so I can work out number of ticks required at a specific price to achieve a positive risk/reward. Better than 1/1, aiming for 2/1 minimum.

I read in an old post that it was; odds multiplied by stake, divided by exit odds, but this just gives the free bet amount on a selection, not the total hedged across all runners amount.

TIA

The trading equation is: back price * back odds = lay price * lay odds

So back price = lay price * lay odds / back odds,

lay odds = back price * back odds / lay price,

and the same for calculating back price/odds.

Hi Derek,

Does "price" = stake... ye?

Sorry, yes, that should be stake.

[Brovashift]

For a free bet you don't need to calculate anything just place an opposing bet using the same stake as your opening bet

The calculation for a green up/hedged bet has never changed its always been Stake multiply by entry odds & divided by current best exit odds

Hi Dallas,

Just pressing buttons in practice mode and if I place a £10 back @7.0 and want to green up @6.0 = £1.67

I can'y figure out how that 1.67 is calculated. When I multiply stake by entry odds (7.0) & divide by exit odds (6.0), using a calculator I get 11.666, which with greening button turned off shows a free bet of £10 @6.0, so assumed the discrepancy to be commission or something?

What am I missing?

The £11.67 is the stake required as it includes the greening part of the bet
if the actual green/hedged up bet is matched your profit would be £1.67, which is the difference between your original stake of £10 and your exit stake of £11.67

Ah right OK I see...

So if I wanted to just end up with my hedged amount, am I correct in thinking:

stake x odds / exit odds, minus stake?

[Brovashift]

The trading equation is: back price * back odds = lay price * lay odds

So back price = lay price * lay odds / back odds,

lay odds = back price * back odds / lay price,

and the same for calculating back price/odds.

Hi Derek,

Does "price" = stake... ye?

Sorry, yes, that should be stake.

I got it...