maths for profit and loss

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maths for profit and loss

Postby Roadhouse » Sun Nov 23, 2014 5:51 pm

Hi does anyone know excel formula to show the profit and loss like betfair does in red and green on different horses when you place a lot of different backs and lays. I would like to put it in a spreadsheet not linked to gruss.
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Re: maths for profit and loss

Postby Captain Sensible » Mon Nov 24, 2014 12:06 pm

They just do it on individual profit/losses on each runner, so you just calculate whatever the runners bets pnl is then take away the combined back bets and add the combined lay stakes of the other runners to get the pnl
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Sports betting software from Gruss Software


The strength of Gruss Software is that it’s been designed by one of you, a frustrated sports punter, and then developed by listening to dozens of like-minded enthusiasts.

Gruss is owned and run by brothers Gary and Mark Russell. Gary discovered Betfair in 2004 and soon realised that using bespoke software to place bets was much more efficient than merely placing them through the website.

Gary built his own software and then enhanced its features after trialling it through other Betfair users and reacting to their improvement ideas, something that still happens today.

He started making a small monthly charge so he could work on it full-time and then recruited Mark to help develop the products and Gruss Software was born.

We think it’s the best of its kind and so do a lot of our customers. But you can never stand still in this game and we’ll continue to improve the software if any more great ideas emerge.