#41
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Some bloke in a Sunday paper claimed he made millions on betfair just by laying on horses, he took bets on the favourite ( says they
don't come in as often as u think) and a 14 or 16 to 1shot in each race, could any of us make money in this way? Is it as easy as it sounds?
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#42
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No am sure it's not that easy, you can certainly do it but laying favourites blind is not a way to make money, am sure you would need to have more than that.
Bet it was in a tabloid, they have it in for Betfair |
#43
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#44
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They are convinced the ability to bet against something happening has corrupted all sports
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#45
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It was notw yes
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#46
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Am I missing a trickhere, they always say it's only the bookie that makes money, well on betfair I guess I could be the bookie, what's to stop me laying a tenner on each horse in a race? Surely I couldn't loose and would make money? Please advise am I missing something obvious?
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Size ..... of an elephant! |
#47
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sorry guys i must be thicker than i thought
i layed a favorite the bleeder came in 4-1 shot and lost £100 but i also layed a 16-1 shot that didnt come in, it said my payout would be 160 but i only won a tenner which is what i staked ive obviously got this totally wrong, so the payout it shows is not what you win but what the punter betting against you wins? this sucks whats the point risking £160 to win tenner?? especially risky when laying the favorite! please explain, sorry........
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#49
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So say I
Lay £100 on Athletico Madrid vs Liverpool Draw @ 3.45 If a goal is scored... Back £94.52 on Athletico Madrid vs Liverpool Draw @ 3.65 (theoretical) Im going to either make £0 or £5.47 (assuming a goal is scored) Have I got the gist of that right? |
#50
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or just lay liverpool at 3.2-3.3 best bet of the night
ps mascherano looked like he tweaked a hamstring in the warm up
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oi Wilf. Stay with us |
#51
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You layed the horse to lose 160 quid, someone bet a tenner with you that it would win, it didnt so you get their tenner, if it had won you would have paid them 160 quid
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Joga Bonito |
#53
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thnx steve, yeah im understanding it abit more now
very risky betting AGAINST the favorite......... /eek
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#54
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to be honest you shouldnt really start playing until you understand it, its easy to quickly lose a lot of money....there are plenty of helpful videos and websites out there to teach you though
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Joga Bonito |
#55
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yeah i understand that now cheers
what would have happened if that 16-1 shot not won but got a place? would i have still have got my tenner winnings or would i have lost £40 (assuming quarter odds pay out?)
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#56
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nothing
there is a place market for those place bets
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Joga Bonito |
#57
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thnx fella
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#58
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#59
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#60
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Example: Stoke City to win the Premier League in season 2010-2011: 16/1 That would be a stupid bet to take, but a good one to lay, because the real chance of Stoke City winning the Premier League is less than 16/1, more like 1000/1. So you could risk £160 on this bet safe in the knowledge that you would get your £10 for minimal risk. |
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