Hedge Your Bookie Bets

£10.00

Category:

Description

Open 2 internet windows, and you can compare the odds offered by your Bookie and Betfair.
Where the Bookie odds are bigger, the odds have already shortened, so you may be able to Bet High with your Bookie and Lay the same runner Low on Betfair for guaranteed winnings.
This spreadsheet shows the stakes required to trade to an equal profit whatever the outcome.
Your commission rate is built into the calculations.
Note that due to commission being included in the calculations, you will probably need more than one increment difference between the Bet and Lay odds in order to show a profit on this kind of trade.

Take a look at other Hedging spreadsheets.