This is probably a daft question to the more experienced traders, but Ive decided to give up gambling on William Hill website and the like and for the past few months have been experimenting with trading on Betfair.
I have read almost every bit of information available about it on the internet and have been trialing a few different strategies with small stakes, and so far have been quite successful with it.
There is one thing that is bugging me which I cant seem to master:
If I back, say, Celtic at 2.5 with £100 before the game and during the game their Lay price falls to 1.9 and I lay that with £100 also, showing a profit on Celtic winning but breaking even on the draw and Celtics opponents. How am I able to equalise that profit across all three, Celtic, the team they are playing and the draw ?
I know that you are supposed to calculate this using the profit shown below Celtic winning and dividing it by the current lay odds but I dont seem to getting it to show profit across all three markets ?