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zet1377
2yo
Joined: 16 May 2008
Posts: 3
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 Posted: Sun Jun 28, 2009 3:57 pm Post subject: Asian Handicap |
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Hi fellas!!!
Can anyone explain to me what is WATER FEE means in Asian Handicap??? |
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Dammo Qwirky
Stallion
Joined: 29 Oct 2004
Posts: 6691
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| Posted: Sun Jun 28, 2009 4:06 pm Post subject: |
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in wot context? where did u see it? ive never come across anything like that.
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zet1377
2yo
Joined: 16 May 2008
Posts: 3
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| Posted: Sun Jun 28, 2009 4:16 pm Post subject: |
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| I saw it in the book about Asian Handicap, and they say normally, when the odd down then the water fee also will down....Now, I don't understand what that means??? |
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fianna
Triple Crown Winner
Joined: 03 Feb 2008
Posts: 1782
Location: Ireland
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| Posted: Sun Jun 28, 2009 4:17 pm Post subject: |
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I found this wee example online which explains the 'water fee'
Person A wagers $100 on Manchester Utd. -0.25 at odds of 1.90. Person B wants to take the other side, Aston Villa +0.25 for $100 at odds of 2.00 . Manchester Utd. wins the match and person A collects $90. Person B loses his entire $100 stake. As you can see, $10 is missing. If Person A had bet directly with Person B, he would have won and collected $100. The missing $10 went to the bookmaker as a fee for brokering the deal.
$10 is the 'water fee'
That was a new one for me, i've never heard the term 'water fee' before. |
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zet1377
2yo
Joined: 16 May 2008
Posts: 3
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| Posted: Sun Jun 28, 2009 4:26 pm Post subject: |
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Thank you!!!  |
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