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Matched betting - Why do people lay their selection?

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  • 24-10-2018 3:52pm
    #1
    mayoman1973
    Registered Users Posts: 1,386 ✭✭✭


    Always puzzles me this matched betting business. Bookie price matches or slightly higher than the exchange price.  Why bother then laying off cause you have a value bet already and laying off serves no purpose except to cough up maybe half of your profit in commission.
    To expand.
    You have a few quid in several bookies accounts.  You have a laying bank in Betfair
    The day you started you had say £1000 in your betfair bank.
    If after 2000 ( any less and not worth talking about ) bets your BF lay bank has
    1. Decreased, then were you not better off to have just took the value bet and no laying off.  This is most likely scenario as the BF markets can be assumed to be near as damm it 100% efficient. 
    2. remained at approx £1000 then laying was a waste of time as cost you nothing and made you nothing
    3. Increased.  Then why bother doing the bookie side of the bet cause you have found a way of beating the betfair markets so just do the lay.

    Does any matched bettor have stats which show they were better off laying or not after several thousand bets? (Few hundred bets does not even warrant a mention )
    Interested as my assumption has always been that Betfair exchange more accurately reflects the correct price of an event.


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