calculate free bets

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AceJack
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AceJack

calculate free bets
« on: November 18, 2015, 06:24:41 PM »

NordicBet and the betsson group from time to time have this stake return if loss promos, I think I have messed up in the past and used a stake returned calculator to calculate this offer, however I think this is not right.

How should this be calculated correctly ?
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middler
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Re: calculate free bets
« Reply #1 on: November 18, 2015, 06:48:01 PM »

stake x (odd - 1) = winnings
e.g. 100€ freebet on nadal to win against djokovic at odds of 3,4.
100 x (3,4 - 1) = 240€ would be your return if you win on this side.
you need to match those 240€ at the odds of djokovic winning.
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AceJack
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AceJack

Re: calculate free bets
« Reply #2 on: November 18, 2015, 07:10:32 PM »

stake x (odd - 1) = winnings
e.g. 100€ freebet on nadal to win against djokovic at odds of 3,4.
100 x (3,4 - 1) = 240€ would be your return if you win on this side.
you need to match those 240€ at the odds of djokovic winning.


no thats not right I would get the full 340 if i win the free bet.. If i lose i will get the stake returned as a free bet.  Maybe im tired after work i just dont understand what I should lay in betfair..

When I do my math i will make a small loss if I win with the NB/betsson bet but take a big win if the betfair side wins.. 

Maybe I should subtract 100 (since I get that returned) when I do my betfair lay bet ?
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AceJack
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Re: calculate free bets
« Reply #3 on: November 18, 2015, 08:14:59 PM »

Ok I have played around in excel and this is what I did:

The free bet is 50$ o/u bet

Odds freebet: 2,2 * 50 =  111 - 7 (stake @ pinnacle) = 103 (+53)

odds Pinny: 1,632 * 7 = 11,424 + 50 (stake return) = 61,424 (+ 54,424)

I do not know how I calculated this, I think it work but unsure

would be nice with some help with this
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