Deducting commission

Betting exchanges charge commission on your net winnings on a market, whereas traditional bookmakers do not because their commission has already been included in the calculation of the odds. So in order to make 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

o_BE - effective back odds
o_B - back odds offered on the exchange
c - commission rate (as a decimal)
o_LE - effective lay odds
o_L - lay odds offered on the exchange

The odds in the formulas are in decimal format.

Calculator

Calculator deducting commission

No connection

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!