betting maths problem

Hi all,

I need a betting maths problem to solve. i take bets form my customer I offer them lower odds then what i get in the betting exchange, when they place a bet I have to place a bet as well in higher odds.

Also my customer is in overseas so there is currency exchange rate applying. My betting account is in aud and they charge me 5% win commission

Now the problem is how get the math right,

The variables are.

a. Current odd in the exchange: example 2.3

b. I want commission does not matter customer win or loos: example 5%

c. Customer placing a bet : example 50000 tk

d. Currency exchange rate: example 73 tk =1 aud

e. Win commissions charge on my account is fixed : 5%

f. What odd should I offer to the customer: ???????

g. What is the bet I should place to get equal profit: ????????

It might be very simple job so someone know the maths but not for me.

Thanks

Algorithm Excel Mathematics Statistics

Project ID: #4964894

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