The betting exchange calculator allows you to calculate the exact amount to close your position (green up or red up) distributing profits or losses evenly across all selections.
Steps to Follow:
Enter Exchange Commission: Specify the commission percentage applied by your exchange (usually between 2% and 5%).
Select Bet Type: Choose whether you started with a Lay or Back.
Fill in Initial Bet Data: Enter the amount and odds of your first bet.
Enter Green Up Odds: Specify the odds at which you want to close the position.
Click "Calculate": The calculator will show the exact amount to bet for uniform profit/loss.
Check Net Profit: If positive, you'll see your final profit after commission.
Key Terms:
Lay : Betting against an event (acting as the bookmaker).
Back : Betting in favor of an event.
Green Up: Closing the position with guaranteed profit on all outcomes.
Red Up: Closing with minimized loss distributed across all outcomes.
Liability: The amount you risk on a lay (odds - 1) × stake.
Disclaimer:
Bettingexchange.net is not responsible for improper or incorrect use of the calculator and any losses the user may suffer from its use. Betting exchange involves financial risks. Gamble responsibly.