Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Laying On Betfair

  • 21-03-2012 11:36pm
    #1
    dave3004
    Registered Users, Registered Users 2 Posts: 621 ✭✭✭


    Just wondering what % betfair charge on winnings when you are laying horses on their site?

    I am living in Melbourne and their bookies are TABs.

    Basically, you can get a fixed price with a TAB and sometimes they differ to what betfair shows.

    If I lay on betfair and back in the TAB I will take home a margin.

    Wondering how much of that margin will be lost though?

    Thoughts, opinions and ideas welcome.

    Thanks


Comments

  • #2
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    5% charge on winnings starting off, it decreases as you bet but not by much for most folk.


  • #3
    mrmorgan
    Registered Users, Registered Users 2 Posts: 805 ✭✭✭mrmorgan


    Hi I haven't used betfair I ages but have started using the app. I just layed something and a yellow tab in the top right appeared called take. With a figure changing could someone tell me what this is?


  • #4
    Hulk Hands
    Registered Users, Registered Users 2 Posts: 6,016 ✭✭✭Hulk Hands


    mrmorgan wrote: »
    Hi I haven't used betfair I ages but have started using the app. I just layed something and a yellow tab in the top right appeared called take. With a figure changing could someone tell me what this is?

    You can hedge whatever bet you made. Example, you put 10 on a horse at 5.0. The horse then went into 2.0 in price. You can hedge the 50 you would get back if he won, and take 25 back at that price instead. This also works the other way around, ie, the price gets bigger. It basically does your laying off for you.


Advertisement