beatbookies calculator

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XxSMIL3xX
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XxSMIL3xX

beatbookies calculator
« on: February 20, 2014, 02:23:50 AM »

Hello guys,
Today i did my first arb and i am using beatbookies as alert system.
The arb was between betfair 5% and another softbook.
The beatbookies calculator was showing me that i was going to have 10 pounds profit but when i double checked the profit was only 1 pound.
So does beatbookies calculator,calculates the 5% or it doesnt?

And one last thing that impressed me was the asian handicaps...Ooooooh!!!!I have to practice a lot.
I though i was back in school for a while.

Cheers and thank you for your time.
« Last Edit: February 20, 2014, 03:18:09 AM by XxSMIL3xX » Logged
sportoboy
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Re: beatbookies calculator
« Reply #1 on: February 20, 2014, 03:20:19 AM »

For back/back bets, beatbookies calculator already shows you the actual price that you get from betfair, taking into consideration your commission. In your example, the odds that betfair offered at Over 2,5 goals were 2,14. Beatbookies calculate that when you bet at Betfair at 2,14 with 5% commission, your actual price is 2,08. Your profit should be as beatbookies calculator shows, 10 pounds.

If you won only 1 pounds that means that the price at Betfair changed and you took lower odds.

 
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XxSMIL3xX
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Re: beatbookies calculator
« Reply #2 on: February 20, 2014, 02:03:00 PM »

Yeap.I took 2.08 as the calculator was saying.
But after your explanation i understood it.

Thank you very much.
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