Lay Betting

[Bhagwan]

Can someone put me onto a free lay betting conversion calculator that converts win price into lay prices.

Cheers.

[darkydog2002]

The mob with the best handle on LAY betting is www.puntingace.com
I would direct my enquiries there .
Both Matt and Jess are very genuine and helpful.
Cheers.
darky.

[Heavyweight]

Bhagwan,

If I understand your question correctly, you are looking for the price that corresponds to the one you're looking at to bring the total to 100%. For example: $2.00(50%) vs $2.00(50%), or $5.00 (20%) vs $1.25 (80%).

If so, I don't know of any calculators available, but you can make your own. Using Excel, type your win price (dividend) into A1. In another cell, type:

=(1/(A1-1))+1

This should bring up the figure you're looking for.

Hope this helps,

Cheers,

H.

[mad]

Again i am not sure if this is what you are looking for but try the 'hedging calculator' at "oddschecker".

Hope this helps

[Bhagwan]

I found this site which looks interesting.
The only question is , it can only work if punters take up your price.
How can one make sure they do?

http://www.systembetting.co.uk/calculator/sysblayc.htm

[Dolus]

Hi Bhagwan

I too am not sure what you are after but the lay price is the opposite or inverse of the back price.

If a horse can be backed at 5/1 to win then backing it to lose would be 1/5

Because they will be priced in decimal the 5/1 will be 6.0
To get the decimal lay price you have to take 1 fom the 6 leaving 5
Divide the 1 by 5 =.2
Add the 1 back = 1.2

On Betfair placing $2 in the backers stake box give a liability of $10. In effect the $10 is your stake and the $2 is what you win so the odds are 4/10.

4/10 = .2 but because decimal prices include the stake 1 must be added back to get the 1.2

Now I'm confused

[crash]

Bagman,

I know your were only looking for a site, but on the subject of Lay betting:

I didn't bookmark the site but it had a graph. showing all lay/win bets from that Pomy betting exchange since it started up until last year. The Lay punters were doing no better than the Win punters. They even themselves out due to percentages [odds]. Any spikes were minute so public consistency was high.

[darkydog2002]

Great little calculator .
Thanks.

[mad]

Yep

Similar, in my opinion superior, calculators available here:

http://www.oddschecker.com/

[SeeDee]

I didn't bookmark the site but it had a graph. showing all lay/win bets from that Pomy betting exchange since it started up until last year. The Lay punters were doing no better than the Win punters. They even themselves out due to percentages [odds]. Any spikes were minute so public consistency was high.I don't know if I am being simplistic, but isn't that what HAS to happen as all bets are matched off? Betfair just take a percentage from the winner.