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Laying vs backing

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  • 18-10-2013 11:14am
    #1
    mayoman1973
    Registered Users Posts: 1,386 ✭✭✭


    Folks, I'm looking on Betfair here and I am obviously not getting it ... Here is what I mean. Tomorrow Soton with +1 are at odds of 2.38. So if they draw or win then with a stake of 58p I will collect £1.38. If utd win then I lose my stake ... -58p Now, Utd are available to lay at 1.58 So if I take a lay liability of 58p and utd don't win, ie Soton draw or win then I win £1 However if utd win then I lose my 58p What am I doing wrong in this basic example becasue as far as I can see, backing Soton with a +1 handicap is the same as Laying Utd, yet the winniings on the former are far more than the latter?


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    #2
    DB74
    Registered Users Posts: 559 ✭✭✭DB74


    There is less profit on the former because you only win €0.80 if Utd don't win (return of €1.38 less stake of €0.58) compared to return of 1.58 in the latter - all ignoring commission obviously.

    The market in the former just isn't fully formed yet. It will be 2.65 (or maybe bigger) on Betfair by kick-off. Also the high street will try to squeeze more margin out of the peripheral markets like the handicaps so the prices are stingier. At the moment people on Betfair are merely matching the best high street price in the hope of someone taking it and then they can bet it higher tomorrow.


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