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question about LAY bets

  • 22-01-2008 10:26PM
    #1
    NeVeR
    Registered Users, Registered Users 2 Posts: 5,360 ✭✭✭


    I'm only new to the "Lay bet" thing and wanted to ask some stuff.

    Am i right is saying when I lay a team/horse i saying its not going to win ?

    on bet for Tunisia are 3.7 lay what does that mean.. If i put €10 on that bet what will i win if they lose the match ? will i get €10 x 3.7 + €10 = €47 ?

    sorry as i said i'm new to this lay betting,
    thanks.


Comments

  • #2
    StephenInsane
    Closed Accounts Posts: 425 ✭✭StephenInsane


    No you will win a tenner if they lose or draw.
    if they win you will lose tenner x 3.7 = €37

    ouch!


  • #3
    NeVeR
    Registered Users, Registered Users 2 Posts: 5,360 ✭✭✭NeVeR


    will i only win €10 cos thats all i bet?


  • #4
    Keano
    Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators, Sports Moderators Posts: 12,810 Mod ✭✭✭✭Keano


    Yes NeVer. Think of it from being in a betting shop. You place your bet at €10 @ 3/1. If you win the bookie hands you over €40, if you loose the keep your €10.


  • #5
    NeVeR
    Registered Users, Registered Users 2 Posts: 5,360 ✭✭✭NeVeR


    ah i see... so is every lay bet is always evens return.. ?

    I take that it's not... as ppl would just lay 100/1's in races?

    so before the bet goes live i need someone to match it ?... as in them betting it will win and match my bet amount ?


  • #6
    Keano
    Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators, Sports Moderators Posts: 12,810 Mod ✭✭✭✭Keano


    Spot on NeVer.

    People would lay 100's1 in races but only for small money. you could run the risk of laying a 100-1 shot and he wins! They do win every now on then.


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  • #7
    NeVeR
    Registered Users, Registered Users 2 Posts: 5,360 ✭✭✭NeVeR


    1 more thing..

    If i lay say a 12/1 with €100 the Liability is €1,100 ,,, Do i need to have €1,100 in my account before i can even place that lay bet?


  • #8
    ErinGoBrath
    Registered Users, Registered Users 2 Posts: 2,354 ✭✭✭ErinGoBrath


    NeVeR wrote: »
    1 more thing..

    If i lay say a 12/1 with €100 the Liability is €1,100 ,,, Do i need to have €1,100 in my account before i can even place that lay bet?

    Yup, now you've got it


  • #9
    Keano
    Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators, Sports Moderators Posts: 12,810 Mod ✭✭✭✭Keano


    check in your local bookshop or online for a book called winnning on Betfair for Dummies. I have read it and its very helpful.


  • #10
    NeVeR
    Registered Users, Registered Users 2 Posts: 5,360 ✭✭✭NeVeR


    thanks guys. now i know;)

    I'll have a look for that book.


  • #11
    masterK
    Registered Users, Registered Users 2 Posts: 2,757 ✭✭✭masterK


    Don't think of laying as backing or as an evens bet. By laying you are giving odds to backers (being the bookie).

    Have a read through this thread:
    http://www.boards.ie/vbulletin/showthread.php?t=2054910815


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