Recording Betfair Wins

[waynedoherty]

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

[admin]

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.