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Betfair noob question

  • 05-07-2012 6:09pm
    Registered Users Posts: 1,379 ✭✭✭

    Hi lads just new to betfair but I'm confused. I LAY a bet as follows:

    Lay 23.26 @ 1.60

    Horse looses

    Betfair say my account is -13.95?

    What Am I doing wrong i thought I would have been paid out if the horse lost - :confused:


  • Registered Users Posts: 559 ✭✭✭DB74

    And did the horse lose?

  • Registered Users Posts: 937 ✭✭✭swimming in a sea

    maybe you layed the horse in the place market instead of the win market

  • Registered Users Posts: 38,431 ✭✭✭✭Mellor

    did you click on the pick box or the blue box.
    Can you screenshot your betting history from your account.

  • Registered Users Posts: 5 frankie123

    sounds like you laid in the place market unfortunately so the horse must have placed.

    what was the name of the horse? date placed etc?

    i am a keen gambler on sports and as much as it has been said, i cant stress how important it is to concentrate and understand exactly what you are betting on, its common sense advice but you'd be surprised how often people make mistakes , back instead of pay, didnt understand the ante post rules, place terms etc etc

    LAY= u win if the horse loses in outright win market

    PLACE LAY= u win if the horse is unplaced, if there are less than 8 runners, u only get paid 2 places, however on betfair if there are 8 runners declared initially and one or two etc is a non runner you still get paid on betfair for 3 places as those were the terms to begin with. this is not the case with other bookmakers.

    im on the forum on betfair daily, if i can help u i will.

    look for username ILIKEWAVINGATBUSES.

    all the best, dont squander all your money :)