How is the "Reduction Factor" calculated? It doesn't appear to alter as the Odds change (though I may be wrong). I thought it may have been linked to the Book Price, but that doesn't seem to be the case.
IF this is preset by Betfair, then it might be of use to calculate odds that have 'value', by comparing the 'Reduction Factor' to the Book Price.
Reduction Factor Calculation
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Reduction Factor Calculation
by thunderfoot » Mon May 26, 2008 2:06 pm
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by Ian » Mon May 26, 2008 2:26 pm
It is preset by Betfair but afjusted for market moves. They list the alterations on the forum in the Markts section.
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by tjpoulos » Mon May 26, 2008 2:44 pm
It's different in Australia atm they are set and don't change if the price is out of line with the reduction.
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by Razor303 » Sat May 07, 2011 11:26 am
You can work it out by use=ing this formula (1/Odds*100= % )
e.g 1/1.41*100= 70.92%
e.g 1/1.41*100= 70.92%
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