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Betting Calculator
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
where
- oBE - effective back odds
- oB - back odds offered on the exchange
- c - commission charged (as a fraction)
- oLE - effective lay odds
- oL - lay odds offered on the exchange
The odds in the formulas are in decimal format.
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