13th December 2009, 09:34 PM
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Member
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Join Date: Jan 1970
Posts: 4,417
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Quote:
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Originally Posted by Benny
On unitab these are the current odds
Liverpool $2.10
Arsenal $3.40
However, I placed my bets on these 2 teams with betfair
Liverpool $2.24
Arsenal $3.70
What is my % gian by betting on betfair. Is there a formula to work this gain out.
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Unitab Percentage is
100/2.10 + 100/3.40 = 47.62 + 29.41 (77.03%)
Betfair percentage is
100/2.24 + 100/3.70 = 44.64 + 27.03 (71.67%)
You got 5.36% better odds, but don't forget 5% commission. |