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How do they come on this number of profit?

Can anyone tell me why the profit is 16,10 if Bournemouth don’t win?

This is the example on the newbies page.

backstake: 25 —- Cashback 20
Backodd: 7,50

Layodd: 7,80 2%
Laystake: 21,53

Bournemouth win + £162.50 – £146.40 = £16.10 profit
Bournemouth don’t win – £25.00 + £21.10 + £20.00 (extract 80% of £25.00 free bet) = £16.10 profit

So if you win at the bookies you get 162,5 and you lose 146,40 at Exchange?

I’m just so confused. I have problems with numbers so its already harder for me haha.

Hopefully someone will help me.

Kind regards,
RNick

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RNick
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January 10, 2017 at 9:00 pm

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Dr_Ryan 3 January 10, 2017 at 9:53 pm

@rnick It is as you have said.

Win at bookies:
25x(7.50-1)=£162.5 win at bookies; 21.53x(7.80-1)=£146.40 lose at exchange.
162.50-146.4=£16.10 profit.

Lose at bookies:
-25+25×0.8=£5 loss at bookies; 21.53×0.98=£21.10 win at exchange
-5+21.10=£16.10 profit.

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RNick 0 January 10, 2017 at 10:15 pm

Hi Dr_Ryan,

Thanks for your response. Only thing that I don’t understand is: where did you get the 0.98 from?

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Dr_Ryan 3 January 10, 2017 at 10:21 pm

@RNick the 0.98 is the remaining profit after the 2% exchange commission rate has been applied.

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