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Calculating lay stakes on Matchbook

I’m trying to work out how to calculate lay stakes for Matchbook using a matched betting calculator.

Seems to me that it wouldn’t be possible to be sure of the Q/L, seeing as commission is charged on both winning and losing markets.

Should I put account for 1.7% commission (the rate for bets when you take a price that’s already available) or something else?

Any help would be much appreciated!

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Alvin
6

August 8, 2017 at 10:50 pm

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Alvin 6 August 22, 2017 at 9:32 am

Can anyone help with this?

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Tony G 11 August 22, 2017 at 9:55 am

Not possible unless you’re a mathematical genius. It is highly complicated. On top of that it takes a minute or 2 to work out the stakes before you place the bet at matchbook and by that time the odds move and you have to start again.

My advice is to use smarkets. 2% is cheaper and easier than messing about paying commission on wins and losses at matchbook. Plus matchbook staff are a bunch of total toss pots.

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Alvin 6 August 24, 2017 at 10:20 pm

Thanks @Tony G I have been using Smarkets for a while now but was just curious about Matchbook as the commission rate is supposedly less.

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