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- Jan 25, 2009
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I am totally new to this and I noticed that for example for the DC-Lewis fight :
bet365 has Lewis at +400, but then the slip says "bet 100 to return 475". I interpret that this is net of fees and all and that essentially, your net winnings are 375 for risking 100.
But then,
888sports gas Lewis at +450, but then the slip says"total stake100 ; Potential payout 550". It also says that 5% will be retained from eventual winnings. So in this case that retainer would be, that would be 450*5%=22,5. Meaning that your winnings are 427,5 for risking 100.
How are such radical differences in payouts for exactly the same event explained?
Is it that the second site is possibly shady so the market expects a higher return to compensate?
bet365 has Lewis at +400, but then the slip says "bet 100 to return 475". I interpret that this is net of fees and all and that essentially, your net winnings are 375 for risking 100.
But then,
888sports gas Lewis at +450, but then the slip says"total stake100 ; Potential payout 550". It also says that 5% will be retained from eventual winnings. So in this case that retainer would be, that would be 450*5%=22,5. Meaning that your winnings are 427,5 for risking 100.
How are such radical differences in payouts for exactly the same event explained?
Is it that the second site is possibly shady so the market expects a higher return to compensate?