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Math Help - Calculate sportsbetting odds with comission fee

  1. #1
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    Calculate sportsbetting odds with comission fee

    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
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  2. #2
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    Quote Originally Posted by sean54 View Post
    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
    Figuered it out my self. Just take (1,75-1)-((1,75-1)*4%)+1, right?
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