Betting Profits Formula
Here’s a simple horse betting formula we created. A = the finish position of a horse in its last race. B = the number of times the horse has finished worse than third in its last six races. C = the numeric value given to the horses’s chances today, with the lowest number being the best bet. Now you have placed your two bets - one with the bookmaker and one with the exchange - you can calculate your profit if the bet with the bookmaker wins. Profit = (back odds – 1). back stake – (lay odds -1). lay stake So for our example, that would be: Profit = (1.58 – 1). 20 – (1.60 -1). 20 = -£0.40. Betting Profits Formula. For the past couple of weeks, I have been bombarded with emails about some bloke called Joshua Jacobs, every one of my many email addresses were filling up with the usual hard sales bull that appears in your inbox all too frequently. Using this formula, the calculation looks like: = 100. (1.45))/ (0.45) = 100. (0.55)/ (0.45) =.55/.45 = +122. In other words, if you find a prop bet that you think has a 45-percent chance of winning, you need.
Here’s a quick numerical example of calculating spread betting profits in action. Your market is priced at 98-102, which you decide to buy at 102 at a stake of £10 per point. You want to calculate your profit if the market rises to 130, with no additional costs to factor in. (Projected price – (Original price + costs)) x.
To be successful at matched betting, you either need to know your maths formulas, or use software like OddsMatcher that makes those calculations for you. If you want to work out your odds, profit and optimum stake yourself, below are the matched betting formulas you need. You can also let our matched betting calculator do some of the hard sums for you.
Kelly Betting Formula
We also have a free matched betting spreadsheet, although it’s much easier to use our Profit Tracker tool!
Qualifying bet and welcome bet formulas
- a) Profit if back bet wins:
Profit = back stake * (back bet odds – 1) – lay stake * (lay bet odds – 1) - b) Profit if lay bet wins:
Profit = lay stake * (1 – commission) – back stake - c) To work out the ideal stake for even profit, no matter what the result:
Lay stake = back odds * back stake / (lay odds – commission) - d) Final profit for the qualifying bet and welcome bet stage:
Final profit = lay stake * (1 – commission) – back stake
Free bet – stake NOT returned (SNR) formulas
Betting Profits Formula Definition
- a) Profit if the free bet SNR wins:
Profit = (back odds – 1) * free bet size – (lay odds – 1) * lay stake - b) Profit if the lay bet wins:
Profit = lay stake * (1 – commission) - c) To work out the ideal lay stake for the same profit, no matter what the result:
Lay stake for an even profit = (back odds – 1) / (lay odds – commission) * free bet size - d) Final profit for the free bet (SNR) stage:
Final profit = lay stake * (1 – commission)
Free bet – stake returned (SR) formulas
Betting Formula One
- a) Profit if free bet wins:
Profit = free bet value * back odds – lay stake * (lay odds – 1) - b) Profit if lay bet wins:
Profit = (1 – commission) * lay stake - c) To work out the ideal lay stake for even profit, no matter what the result:
Lay stake for an even profit = (back odds * free bet value) / (lay odds – commission) - d) Final profit for the free bet (SR) stage:
Final profit = (1 – commission) * lay stake
While this article includes all the matched betting maths formulas you need to work everything out without any outside help, software like OddsMatcher ensures you don’t have to worry about making complex calculations. We also have a matched betting forum, where you can go to ask for advice from other members and swap your success stories.