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Who,s good at Maths?

MP33MP33 Member Posts: 6,239
edited April 2011 in Sports & Betting Chat
Willy Hills were offering 1/2 on QPR last night

on the exchanges you could lay it at 1.47

I f you put a few thousand on each could you make a profit taking into account the 5% commision on the exhanges?

If not what price would it need to be on the exchanges to lay to make a gtd profit? 

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    splashiessplashies Member Posts: 3,680
    edited April 2011
    If you back @ 1.5 for £1000 and lay @ 1.47 for a liability of £496.48, you are guaranteed a profit of £3.52 whether QPR win or not.

    Back/Lay Betting Calculator

    So in total, you stake £1496.48 to win £3.52, a yield of 0.24%.
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    YOUNG_GUNYOUNG_GUN Member Posts: 8,948
    edited April 2011
    A mathematician
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    wynne1938wynne1938 Member Posts: 20,527
    edited April 2011
    In Response to Who,s good at Maths?:
    Willy Hills were offering 1/2 on QPR last night on the exchanges you could lay it at 1.47 I f you put a few thousand on each could you make a profit taking into account the 5% commision on the exhanges? If not what price would it need to be on the exchanges to lay to make a gtd profit? 
    Posted by MP33
    Go to this link http://www.oddschecker.com/
    And then go to tools and you will get all the  different calculators you need to help you with your bets, I use the "dutching calculator " alot.
    Let me know if this helps you, i use it a lot in all the big handicaps, where you may have to pick 2 or more horses against the field.
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    MP33MP33 Member Posts: 6,239
    edited April 2011
    Cheers Guys

    I,ve sent you both a Pm

    Paul
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