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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

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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