The Advanced Fixabet Calculator can be used to:-
- Find out your overall position if you have a number of different back and lay bets on the same outcome. You can then decide if you need to take action to fix your bets.
- Help if you have incorrectly cashed out a bet or have a number of confusing back and lay bets in place.
- Tell you if you need to place a back or a lay bet to fix your bets.
You can download the calculator here:-
Sometimes you might end up with several different back and lay bets on the same outcome, perhaps due to making a mistake and then cashing out incorrectly. It can be hard to work out the optimum solution in this scenario, which is where the Advanced Fixabet Calculator could come in handy. It tells you the overall position for all of the existing bets, and whether this needs to be fixed with either a back or a lay bet, to give the same overall position no matter what the outcome.
Like the regular Fixabet Calculator in 'Cash Out' mode, back and lay commission are not taken into account. This is because it is very complicated to work out the actual commission paid when there are both back and lay bets at an exchange on a particular bet, since commission is paid on net profits across all bets. However, the fix and the overall positions shown will be correct if there is 0% commission at the exchange, and very close if commission is paid.
Whereas the regular Fixabet Calculator in 'Cash Out' mode shows the difference in your final overall position due to cashing out the bet, compared to what would have happened if the original bet had been laid correctly, the Advanced Fixabet shows the actual overall position, taking into account all bets.
Example 1
For this example, several back and lay bets have been placed, and we want to find out what the current overall position is and if this bet needs fixing, either with a back or a lay bet.
The initial bet to be laid was a £100 free bet, placed at odds of 7. Initial lay odds were 7.2, but the bet was overlaid, with a £97.22 lay stake, due to having the calculator in 'Normal', rather than 'Free Bet (SNR)' mode. Another lay bet was placed at odds of 7.4, without having cashed out or fixed the original incorrect lay bet, and this new lay bet only had £40 matched. In an attempt to manually cash out the lay bets, to start again, a back bet was placed at odds of 6.5 with a stake of £140.
This is how the calculator would be filled in:-
The 'Overall Position Without Fix' box shows the current overall position, if no other bets were placed, depending on whether the bet won or lost at the bookmaker:-
As it stands, there will be a £511.24 profit if the back bets win, but a £2.78 loss if the lay bets win. Since it's a free bet, we want to lock in the same profit no matter whether the back bets win or lose.
The results section tells you that the bet is under laid, so you need to place another lay bet to fix this, and asks you to enter in the current exchange lay odds.
Current exchange lay odds are now 8, so this would be filled in, and the 'Results' section would show the optimum bet to place to fix this, and the overall position after this bet was placed:-
The 'Breakdown of Overall Position' shows the various profits and losses, depending on whether the back bets or lay bets win. If the 'Results' section does not show a fix yet (due to no current exchange back odds being entered, for example), it shows the overall position before the fix. If everything is filled in, and there is a fix in the 'Results' section, it shows the breakdown after the fix.
Example 2
After a series of mistakes and an attempted fix, you have ended up with these bets in place:-
This time, the bet is overlaid, so a back bet is required:-
Current exchange back odds of 3.4 are entered, and the results section shows the optimum fix, and the breakdown section shows all of the profits/losses of individual bets:-
