Odds Percentages

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Odds Percentages

Postby easternpromise » Tue Aug 09, 2011 11:46 am

Can someone show me how odds percentage increase is calculated.

For example i lay bet at odds of 9, and I want offset at 30%

How is this calculated

Many Thanks
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Postby GaryRussell » Tue Aug 09, 2011 12:00 pm

((9 - 1) x (1 + (30 / 100))) + 1 = 11.4

If you are using the Beta version you can tick "Calculate tick % on decimal odds" and it will be calculated as follows.

9 x (1 + (30 / 100)) = 11.7
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Postby easternpromise » Tue Aug 09, 2011 12:56 pm

perfect thank you

is possible to change the calculation to find the percentage...

if my back odds are 11.4 and my lay odds 9, what is the percentage difference ?

Thanks
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Postby GaryRussell » Tue Aug 09, 2011 1:45 pm

easternpromise wrote:perfect thank you

is possible to change the calculation to find the percentage...

if my back odds are 11.4 and my lay odds 9, what is the percentage difference ?

Thanks


(((11.4 - 1) / (9 - 1)) - 1) x 100 = 30
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