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Deducting commission

Betting exchanges charge commission on your net profit whereas traditional bookmakers do not because their commission has already been included in the calculation of the odds. So in order to do a comparison between the back odds offered on the exchange and a bookmaker's odds, you have to deduct the commission. This calculator performs that task for you.


Formulas

deducting commission - effective back odds formula
deducting commission - effective lay odds formula

where

The odds in the formulas are in decimal format.


Calculator

Calculator deducting commission
Type of odds: back
lay
i
Choose back or lay odds!
*
Required field
Odds value:
i
Enter the odds (in decimal format) offered on the exchange!
*
Required field
Commission:
%
i
Enter the commission charged by the exchange!



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