Basic excel help

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Basic excel help

Postby filo » Tue Oct 24, 2006 9:25 pm

I’ve recently set up a spreadsheet to log data for a laying system I’m paper trading at the moment, but as I’m a complete excel novice, I’ve had to give myself a crash course on the basics of how to use excel.

I’ve manage to sort out a formula to auto calculate the liability / potential profit of each individual bet and also a column that auto calculates a running balance based on whether I insert a positive number for profit or a negative number for a loss on each bet.

Pretty basic stuff to most I guess.

However, so far my sheet does not take into account commission deductions, so all figures are gross at the moment.

The formula in my running balance column G starts off =SUM(G2+F3)
How do I modify the formula so that it deducts a commission % on profit in column F?

Obviously it needs to recognise profit only and not deduct a % from any loss figures.

I’m guessing it requires the IF function somewhere, but am unsure exactly how to use it.

Thanks in advance!

Last edited by filo on Sat Oct 28, 2006 2:02 pm, edited 1 time in total.
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Postby ktng » Sat Oct 28, 2006 1:30 am

Hi Filo,

There is probably a neater way to do it but this should work:-


This shows it for standard commission rate of 5% so obviously replace 0.95 with whatever you current commission rate is.
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Postby filo » Sat Oct 28, 2006 2:05 pm

Thanks for that ktng :)

Will give it a whirl and see how i go!
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Postby filo » Sat Oct 28, 2006 2:27 pm

Hi ktng,

I replaced the formula i had in cell G3 =SUM(G2+F3) with the formula IF(F3<0,G2+F3,G2+(F3*0.95)) but it hasn't worked and sheet now displays just the forumula in the cell, followed by '#VALUE' in every other cell in that column.

Have i done something wrong or.....?
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Postby GeorgeUK » Sat Oct 28, 2006 4:50 pm

put = in front of the formula
= tells excel that you are making a formula.

I this doesn't work, make sure the cell is not formatted as text
previously known as Gaseous (on the betfair forum)
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Postby ktng » Sat Oct 28, 2006 5:37 pm

Yes sorry filo I had forgotton that you said that you were a complete novice and omitted the = before the formula :oops:
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Postby filo » Sat Oct 28, 2006 6:23 pm

Great stuff!

Thanks guys :D
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