Me again with another MB question lol. This one is about commissions-when i win on betfair, and it says i've won, eg £8.17. Is that actually what i have won or is that prior to the 5% (and now 2% due to my choice of reward) being taken off? I only ask as i have been assuming that is actually what i have won and recorded it as so on my spreadsheets. However, having just done a few bets with smarkets i can see that, for example, my lay stake is £7.76 and the bet won, so my money in is actually 7.60 (16p taken off for commission).
Have i been recording my betfair profits incorrectly and now have to go back and take 5% off them all?
thanks
**edited to add i've just gone into my betfair statement and found all the commissions coming off-so i'm assuming i just need to deduct this from my input profit and thats me up to date? and then going forward i can just deduct 2% from what it says my profit is and record that?
**edited again to ask if this sounds right-if i place a QB of £20.00 and exchanges wins at £18.11. That is a QL of 1.89. However, commission deduction on this exchange win was 0.91 so does that mean my QL for this bet is actually £2.80?
thanks