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AFL 2015

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Even longer odds on that xbox knew that and has gone with long winded piss take so he can give lay betting tutorial

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The concept of laying a bet is hugely underrated. It's basically backing something not to occur. You get similar odds to what the bookies offer, only slightly higher odds due to the bookies needing to take a commission.

If you think something is unders, you can lay it. I.e. If you think Fyfe's odds for the Brownlow should be closer to $2, you can "lay" him at $1.70. You receive your investment (less 5% commission) as a potential profit (i.e. if Fyfe doesn't win it). If he does win it, you have to pay out your investment multiplied by the odds of $1.70. For example, if you place a $100 lay bet on Fyfe and he wins the Brownlow, you lose $70. If he doesn't win, your profit will be $100 (well really $95 due to commission).

You often hear people say, "that is no chance to happen". An example would be the Bulldogs winning the 2015 premiership. If you honestly think it is no chance to happen, you can obviously lay them. The problem is, you have to lay them at $80. If you choose to invest $100 on that, you actually have to have $7900 in your wallet, because that would be your liability if they were to win.

A lot of people use lay betting to hedge bets on future markets. Last year, I know someone who placed $100 on Richmond at $1000 to win the flag, when they started their nine game win streak. After round 23, they then laid Richmond for $100 at $70, meaning they had a free $100 crack on them at $930 to win the flag. If they wanted to, they could have locked in a guaranteed $1429 profit - which is ideally what they should have done (regardless of hindsight).

Cheers mate. I've got a Fyfe Brownlow, into Kennedy Coleman into Freo to make the granny future. May look at laying 'Freo' if the other 2 get up.
 
Cheers mate. I've got a Fyfe Brownlow, into Kennedy Coleman into Freo to make the granny future. May look at laying 'Freo' if the other 2 get up.
Unfortunately you will already know Freo's fait by the time you know whether or not Fyfe will win the Brownlow.
 

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or libba. them and gold coast have been upside down for me. good on em tho i reckon, good to watch too.
Mate i'm the worst punter ever and I get a lot of calls wrong.

I always cringe when I read back stuff I've written a year ago regarding the punt.
 
Yes, any AFL fan living on Mars would be able to tell you their fate will be already determined by the time the Brownlow Medal is decided. Unless you're trying to tell us something we don't know, being the AFL will announce an earlier date for this year's count.
 
Yes, any AFL fan living on Mars would be able to tell you their fate will be already determined by the time the Brownlow Medal is decided. Unless you're trying to tell us something we don't know, being the AFL will announce an earlier date for this year's count.
I think he's getting at that you spelt it wrong..
 
$17 on Brendan Bolton next Essendon coach@31.

Maybe a waste of money, but I think he is one of the few we'd actually be after. He'll probably go to Carlton, you'd imagine. Dew also likely but $4.50 too short for my liking.
 

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$17 on Brendan Bolton next Essendon coach@31.

Maybe a waste of money, but I think he is one of the few we'd actually be after. He'll probably go to Carlton, you'd imagine. Dew also likely but $4.50 too short for my liking.

What price is Ross Lyon?
 
fyfe out to 2.25 for bronwlow if people think the mrp will look after him and not suspend him
 

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