What is the formula to convert odds from BetFair so that the 5% comission is taken into account? Is it:
decimal odds - .05*(decimal odds - 1)
aca
SBR MVP
03-20-06
2111
#2
correct
In my spreadsheet I have next format:
((DO-1)*0.95)+1
But it's same!
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minet123
SBR Posting Legend
02-17-07
10280
#3
you got it
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noober
SBR MVP
10-23-09
2012
#4
Thanks for the confirmation.
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phans3
SBR Rookie
02-15-10
34
#5
i am probably incorrect but why do you use 5%? the 5% commission only occurs in about 55% of the time (if you are a very could handicapper) so shouldn't you use 5/0.55= 2.75% ? till this is the avg commission you will pay?
Comment
Hybris
SBR MVP
07-22-09
1023
#6
Originally posted by phans3
i am probably incorrect but why do you use 5%? the 5% commission only occurs in about 55% of the time (if you are a very could handicapper) so shouldn't you use 5/0.55= 2.75% ? till this is the avg commission you will pay?