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laying bets

  • 06-07-2010 2:19pm
    #1
    tonyrich1
    Registered Users, Registered Users 2 Posts: 38 ✭


    anyone care to explain wat is meant by laying bets? as in ive seen people on this saying i have team a backed but im thinking of laying on team b on betfair??? i have an idea but could someone just run through how it works and maybe an example of how or why and what circumstances you might do it.. cheers..... if theres another thread or something in the stickies just link to it for me an ye can close the thread.


Comments

  • #2
    El Horseboxo
    Registered Users, Registered Users 2 Posts: 5,341 ✭✭✭El Horseboxo


    A lot about betfair is covered in this thread.

    http://www.boards.ie/vbulletin/showthread.php?t=2054910815


  • #3
    darsar
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭darsar


    Basicly if you lay Man United or lay Kauto Star you win if they DON'T win.

    If you could back Man United at 3.0 obviously a tenner bet gives you €30 back but if you lay at 3.0 you enter how much you want to win (€10 in this case) and if Man United win you lose €30 if they win you get a tenner profit minus the commission of betfair.


  • #4
    coughlan08
    Closed Accounts Posts: 1,899 ✭✭✭coughlan08


    darsar wrote: »
    Basicly if you lay Man United or lay Kauto Star you win if they DON'T win.

    If you could back Man United at 3.0 obviously a tenner bet gives you €30 back but if you lay at 3.0 you enter how much you want to win (€10 in this case) and if Man United win you lose €30 if they win you get a tenner profit minus the commission of betfair.

    this is wrong,i mean like in fairness,

    if you put 10 on at 3/1 you get back 40.
    if you lay man united in the case above your correct in saying you lose 30 if they win,but if they lose you win 10 - commission.


  • #5
    x PyRo
    Moderators Posts: 8,755 ✭✭✭x PyRo


    coughlan08 wrote: »
    this is wrong,i mean like in fairness,

    if you put 10 on at 3/1 you get back 40.

    No you are wrong.

    He said 3.0 not 3/1.

    He's right, You're wrong.


  • #6
    coughlan08
    Closed Accounts Posts: 1,899 ✭✭✭coughlan08


    ok well at least he was wrong about 1 of the things that i pointed out,:p


    thought 3.0 is the same as 3/1,never use that kind of odds as a source of betting. learn something new every day..
    thanks;)


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  • #7
    x PyRo
    Moderators Posts: 8,755 ✭✭✭x PyRo


    coughlan08 wrote: »
    ok well at least he was wrong about 1 of the things that i pointed out,:p

    It's just the way you say things like "this is wrong,i mean like in fairness". That's very belittling of someone, Especially when that person is correct and just mis-typed the word "win" when it should of been "lose".


  • #8
    coughlan08
    Closed Accounts Posts: 1,899 ✭✭✭coughlan08


    i know thats a habit of mine,more often than not it backfires so nothing to gain from it...:o
    im arrogant,il admit that much.....


  • #9
    ForzaKid
    Registered Users, Registered Users 2 Posts: 320 ✭✭ForzaKid


    coughlan08 wrote: »
    im arrogant,il admit that much.....
    A bit of honesty there!


  • #10
    colly_06
    Registered Users, Registered Users 2 Posts: 757 ✭✭✭colly_06


    Lay Question:

    If i lay say united to win at halves and the backers stake is 100.

    Do I have to have 150 in my account to cover it or 50?


  • #11
    x PyRo
    Moderators Posts: 8,755 ✭✭✭x PyRo


    If I remember correctly you just need to have the liability in your account.


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  • #12
    Dodge
    Registered Users, Registered Users 2 Posts: 10,330 ✭✭✭✭Dodge


    YOu need the liability

    Presuming halves is 1.5, if you lay 1.5 for 100, you need 50 to cover it.

    You can click certain option on betfair to show your potential profit/loss on eash bet and I'd advise everyone to use them


  • #13
    colly_06
    Registered Users, Registered Users 2 Posts: 757 ✭✭✭colly_06


    Thanks a lot.


  • #14
    darsar
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭darsar


    x PyRo wrote: »
    It's just the way you say things like "this is wrong,i mean like in fairness". That's very belittling of someone, Especially when that person is correct and just mis-typed the word "win" when it should of been "lose".

    sorry I have been away from this thread. I did indeed say win instead of lose, my mistake, apologises!


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