Optimum Lay?

ErinGoBrath

I know it's not horse related but you guys would be best posed to answer this question.

I backed Crespo to be top goalscorer before the tournament start at 26's. He's now gone into 9.6.

I could lay Crespo now to guarantee me a profit now but how do I work out what the optimum lay amount would be to get maximum profit?

I assume there's a formula for this?

Savage :cool:

masterK

Use the trading calculator on www.oddschecker.com

wb

ErinGoBrath wrote:

I know it's not horse related but you guys would be best posed to answer this question.

I backed Crespo to be top goalscorer before the tournament start at 26's. He's now gone into 9.6.

I could lay Crespo now to guarantee me a profit now but how do I work out what the optimum lay amount would be to get maximum profit?

I assume there's a formula for this?

Savage :cool:

Not sure what stake you used, but lets assume it was €10 and your commission is 5% :

Lay it @ 9.6 for €27.23 to guarantee yourself €15.86 no matter what happens.

The only thing....... if he does end up top scorer, assuming you used a tenner, will you be happy with €15.86, when your potential profit is now €250?

Another option would be to lay him using the same stake as you backed him with, thus giving you a free bet.

As masterK said, it can all be worked out on a hedging calculator:

http://www.oddschecker.com/powertools/hedging_calculator.html