What is this price actually saying? — Statometrics Academy calculator

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Decimale.g. 2.12Fractionale.g. 6/4, evensAmericane.g. +150, −200Implied %0.1 to 99.01

Fractional: 28/25

The market says47.17%

Commission2.0%

Back break-even

47.67%

Lay break-even

46.67%

To profit backing at 2.12 you need to win more than 47.67% of the time. To profit laying at 2.12 the selection must win less than 46.67%.

Betfair's ladder runs from 1.01 to 1000. Commission is charged only on net winnings, so it moves the break-even for a back and a lay in opposite directions.