29th August 2005, 01:54 AM
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Member
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Join Date: Jan 1970
Posts: 26
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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
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