15th February 2007, 08:16 AM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Quote:
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Originally Posted by Mark
Not bad jfc, but with a Betfair a/c, no spreadsheet is necessary.
Actual bets were $80 @ 11.0, and $60 @ 9.40, which gives a nett position of $281.20/$20, or odds of 14.06.
Just one of the many variations available on BF.
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Coincidentally I just tried Betfair's what-if option.
It includes unplaced bets in the calculations, so anyone here can select a market and try out these calculations.
Obviously if you accidentally place the unplaced bets there could be dire consequences.
For the record if you "unplace" $20 @ 14.0 it will show $260/$20 (before commission), so your $280/$20 is decimal odds of 15.0.
In the interests of not confusing newcomers. |