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Convertion between backing and laying odds

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    Convertion between backing and laying odds

    Hi,

    This might seem like a stupid question but never mind.

    Is there some tool that can figure out the best odds on a betting market.

    Let's say I want to back Team A. My options are to back Team A or to Lay Team B. Since I'm not that experienced I always miss out on good opportunities because I manually have to figure that out. There should be some king of simple graph or some program that offer this function.

    Thanks in advance.

    //Marcus

    #2
    1 + (1 / ("Lay Odds" - 1 ))

    so if you lay at 2.2, it is same as backing at:
    1 + 1/(2.2-1)
    = 1 + 1/1.2
    = 1 + 0.8333
    = 1.83333

    can just enter the formula in Excel

    Comment


      #3
      Thanks a lot. Knew there was a simple solution to this.

      Comment

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