4th July 2016, 06:13 PM
|
|
Member
|
|
Join Date: Sep 2011
Posts: 1,474
|
|
Quote:
|
Originally Posted by thorns
Just after some clarification on calculating the profit on a fictional set of bets. So take the following numbers taken from betting BFSP based on backing them for 1 unit, and tell me have I got my working correct.
Bets - 100
Wins - 20
Losers - 80
Return 85
SR - 20%
So working out the lay profit, are the below figures correct?
-80 (lay winners) minus 5% would be your total lay return, so 76 unit return
-your payout would be 85 minus the number of selections so 65 units paid out
therefore your profit if you were to lay those would be 11 units, is this correct?
|
No. Lays are worked out completely differently.
Lays are based on liability not the opposing bet size. You would need to change your liability to get the same results and then it would affect SP and the figures would turn to a loss.
I need all 100 odds for the bets to help you work it out properly. |