3rd April 2006, 04:49 PM
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Member
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Join Date: Jan 1970
Location: Port Macquarie
Posts: 1,694
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Quote:
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Originally Posted by downbylaw
Hi all,
I was never the quickest student of maths hence my betfair problems.
Just had a bit of spare time and have had a look at it. This is one example
| Verify Your Bets | | Please review the following information to ensure it is correct. A commission is charged on your NET profit from each market. |
| 2. Things To Do
| 4.6 | $10.00
| $36.00 | | You are backing 2. Things To Do. If you win, your stake of $10.00 is returned to you together with a profit of $36.00. If you lose you lose your stake. |
| 2. Things To Do
| 4.5 | $10.00
| $45.00 | | You are betting against 2. Things To Do. If you win, your profit is the backer's stake of $10.00. The amount you stand to lose is $35.00. |
It went on to finish third. Can someone decipher what i have won/lost? i come up with various amounts,
thanks
silly ************ |
I think you have lost commission on the 10 lay bet (winner) so you lost 50C assuming a 5% commission... I think that is looking at both bets as one
You lost 10 bucks on win bet
you won 10 bucks on the lay... you pay 5% on that (.50c)
So i reckon you lost .50c I am not good at maths the way I see it is
you put out 10 on th win (that's ezy) Return ZERO
you put into play 35 $ (to cover the chance of you lay bet winning the race)
They should have returned your 10 bucks (that you won on the lay) plus the 35$ you had out in case the lay bet won the race...
Yeah I think overall you lost the .50c as commission on the winning lay bet.
I may be wrong  |