I need an betting calculation done.
I have an parent account with a betting agency whatever odds I get there I have to offer lower odds to my customer.
Australia to win back 1.5 lay 1.52
England to win back 3.1 lay 3.15
This odds I am getting from the agency.
What odd I should offer to my customer to get profit does not matter whatever is the outcome.
I want 20 % profit every 100 my user bet.
My customer price I should offer
Australia to win back ? lay ?
England to win back ? lay ?
If my customer place a bet then what is the stake I should place the bet on behalf of then?.
I need the math calculation and one excel sheet formula implanted.
If you do not understand betting language please do not bid.