Margin
How LSports TRADE360 calculates margins and how you as a user can control it.
-1 = If you want to receive the average result of bet prices as the original providers supplied it. 0 = If you want to receive the average result of the fair prices* of the bets that providers supplied. In cases where more than one provider is involved, we will normalize the fair odds to ensure a total probability of 100%. >0 = As 0 but in that case, you would like TRADE360 to add the chosen margin** to the bets fair prices*. * Fair price formula (Margin Cleaning): Bet Fair Price = Bet Current Price (As provided) * Sum of 1/ bet Price of all market’s bets. For example 1X2 Fair Price of 1 = Price of 1 * (1/Price of 1 + 1/Price of X + 1/Price of 2)
* Margin formula:
Bet Price (with margin) = Fair Price * 100 / (100 * chosen margin)
For example: 1X2 with a margin of 5%
Price with margin of 1 = Fair Price of 1 * 100 / (100 + 5)
PAY ATTENTION
We can clean add margin only in case all the provided bets are open, except multiple bets market that we will calculate only with the open bets. Multiple bets market families - CorrectScore, NumberOfGoals, HighestScoringPeriod
In the case of double chance markets only! the probability of the market is 200% (instead of 100% in other markets) therefore the cleaning and the addition will be multiplied by 2.
In scenarios where one of the providers suspends a bet, TRADE360 cannot remove the margin and calculate fair odds. In this case, the TRADE360 calculates odds by averaging providers raw odds, i.e. “-1” calculation even when the margin is set higher than 0.
For a margin = 0 setting, if a bet is suspended by one of the providers, TRADE360 will first calculate the average odds of the remaining active bets and then remove the margin from this average. To ensure that you receive fair odds without any added margin.
Last updated
