Bet-Mate · Guide 2 of 6

Comparing exchange and bookmaker prices

← All guides·By Bet-Mate Editorial Team

Two decimal prices are not always directly comparable. On an exchange, commission is charged on winnings; a bookmaker's price is its offered price. You also need to compare the same outcome, the same goal line and the same settlement period.

For a single winning back bet, one useful comparison is the price after commission:

1 + (price − 1) × (1 − commission)

At 2.00 with 5% commission, the result is 1.95.

A simple illustration

With a EUR 10 stake, a winning bet at 2.00 makes EUR 10 profit before commission. A 5% charge on that profit leaves EUR 9.50 profit, or EUR 19.50 including the stake. That's why the comparison price is 1.95, not 1.90 — commission is taken from the profit, not from the whole return.

Bet-Mate uses 5% by default. Change it to the rate that applies to your account. The actual charge depends on your account and the market, and several bets on the same market can give a different overall result.

Check what each number means

Pinnacle's price is its offered price by default. A no-vig price, if you choose it, is an estimate after removing the margin — not a price you can bet.

Even when an adjusted number is higher, the price may have changed, the amount available may be small, or the rules may differ. "Best available odds among your selected bookmakers" means the best price among the bookmakers you chose — not the best price everywhere.

Related:MethodologyWhat no-vig odds can and cannot tell youCoverage

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