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  1. #1

    Recording Betfair Wins

    Hi,

    When you record a win from Betfair, in the Amount received do you include the winnings and liability or just the winnings.

    Thanks

    Wayne

  2. #2
    Moderator
    Join Date
    Aug 2011
    Posts
    897
    Hi Wayne, the Amount Received is for cashed out bets with bookmakers. E.g. you place a bet of $10 at 2.00 decimal odds and the bookmaker offers you $15 to cash out your bet early.

    When you record a win the winnings should be calculated for you based on the stake, odds, commission and whether it is a back or lay bet. Enter Y into the Win column so that the spreadsheet knows the bet won.

    Let me know if you have further questions.

 

 

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