Horse Racing Calculator
Betfair StrategiesJust like when trading shares on financial markets, the advent of betting exchanges [such as Betfair and Betdaq] has made it possible to trade odds in horse racing. For example, if you could bet high or lay low, then you can create a hedge bet by trading odds as the betting market develops. The following betfair hedge calculator allows you to determine what odds and stake are necessary to make a profit. An horse race example is shown below. The change in odds [i.e. from 4/1 to 2/1] is typical for any horse racing betting market in the UK. A arbitrage is created by initially betting a horse to win at 4/1 and then laying the same horse at 2/1. In this example, an initial stake of £100 at 4/1 and a betting exchange commission of 5%, the profit would be £63 - no matter whether the horse wins or loses. Feel free to change the commission, odds and stake for any race of interest. How to use the betfair hedge calculator :-Enter the betting exchange commission % rate. Enter the initial buy [or sell] odds. Enter the final sell [or buy] odds. Enter the value of the stake. Clear the calculator by pressing the Reset button. Calculate the profit/loss by pressing the Calc button.  |