I wanna keep a record on my sportsbetting in excel. The site I play on has a 4% comission fee on the profit of winning bets. I wanna know what the odds is with the comission fee.
Lets say i bet 100 on a match with 1,75 in odds. I have to pay a 4% fee on my profit 75*4%. The fee is 3, my netto is 72. The "right" odds is 1,72.
How should i do to calculate the "right" odds in simple way? 1,75*4% dosnt work