Help Ascot 16:20
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Hi- new here, please bear with me.
Ladbrokes offering a matching FB if the Gurkha wins on any other horse backed up to 25.
So let’s back Awtaad, and back/lay is straightforward- 25 back @ 2.87 and 22.78 lay @ 3.2, to lock in a 3.37 loss to secure the 25FB if Gurkha wins.
But how much to hedge (lay) for The Gurkha losing (lay odds now 2.34)? And I suppose by extension what to enter into the calculator so I know next time?
Any help appreciated.
+0June 14, 2016 at 2:38 pm
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Sorry- I see this is covered @ https://matchedbettingblog.com/horse-racing/ladbrokes-offer-st-jamess-palace-stakes/#more-71861
Answer: “20 (the amount we expect to extract from our £25.00 free bet refund) divided by… (lay odds – 0.02) (to account for the 2% commission)”
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