Betfair

[tazlgnd]

I know there has been probably a million threads on this but i dont know how to search properly

if i lay a greayhound at $5 what does that mean, do i double up if it loses? or do i get 5-1.

 

[johnnyhoward]

Back = bet for, Lay = bet against.

If you lay a greyhound you want that greyhound to lose. If you want to back the greyhound to win, choose Back.

BTW, I thought there was a sticky on this? If not there should be.

 

[Subaru Impreza]

if say you bet AGAINST a horse at odds of say $4.00

for a $5 stake

your position would be -$15 on That Horse/+$5 The Rest of the Field



a better example if say tennis,

Nadal 1.10 v 11 Djokovic

if you Lay 100 on Nadal at 1.10

Position:
-10 Nadal/+100 Djokovic

if Nadal odds went to say $1.50 in-play you could cover your liability by 'greening out'

You could have 3 situations:
A) Max Profit Djokovic +$0 Nadal/+$90 Djokovic
B) Max Profit Nadal +$40 Nadal/+$0 Djokovic
C) Even Profit Each way +$26.67 Nadal/+$26.67 Djokovic

 

[Daytripper]

I know there has been probably a million threads on this but i dont know how to search properly

if i lay a greayhound at $5 what does that mean, do i double up if it loses? or do i get 5-1.

No offence, but if you have to ask this question you probably shouldn't be using Betfair at this stage in your punting life.

 

[dr nick]

No offence, but if you have to ask this question you probably shouldn't be using Betfair at this stage in your punting life.

lol

basically just pretend your offering odds of $5 to another person who wants to bet.

If you wanna lay $10 at those odds, its like a person has given you $10 and you have to pay up if it does win. You'd be paying up $50 wouldnt you?

http://www.albinoblacksheep.com/flash/posting.php

 

[johnnyhoward]

All you have to do is set your options on Betfair to "display potential profit and loss", type in a bet amount and look at the green/red values underneath a team/player. Play around with that and you should understand whats going on.

 

[sethlad]

Betfair Education nights

This question gets asked a lot so for anyone seriously considering using Betfair,you really should attend one of these education sessions

1st half of 2010 schedule has just been announced,they run 3 hrs & theres no shortage of freebies given away

www.betfaireducation.com.au/

seth

 

[Womble]

I was mucking around with a spreadsheet the other day and worked out an easy way to calculate your lay price

Just take the price available and divide it by the price minus one

e.g. $3 is 3/2 = $1.50, $5 is 5/4 = $1.25, $7.50 is 7.5/6.5 = $1.15 or so

N.B. this doesn't take into account commission

 

[dr nick]

http://everysecond.betfair.com.au/

is this working for anyone else?

 

[dr nick]

nm... it only works on ie

 

[Ricketts]

One from me:

Are the only multi options available those very limited "coupons" they have?

 

[chunkylover]

click on "aus multis" at the top of the screen to do a multi. betfair place the bet with another bookmaker (not sure who) on your behalf. the price is not as good as betting with betfair for this reason. did an nba multi and one team was 1.4 with betfair and 1.33 with the multi bookamker

 

[Ricketts]

Aus multis seems to have even less variety.

 

[dr nick]

here's what you do ricketts... you pick about 5 legs your interested in, and invest all winnings on subsequent legs.

I agree betfair multi's are a ripoff, just like everywhere else.. but with less variety.

They also don't do the exotics +5% deal you get with some others.

 

[Jan Juc]

here's what you do ricketts... you pick about 5 legs your interested in, and invest all winnings on subsequent legs.

I agree betfair multi's are a ripoff, just like everywhere else.. but with less variety.

They also don't do the exotics +5% deal you get with some others.

Aus Multi's are hosted on the BF site, but you're placing the bet with Sports Alive.

As for their Tote offering, I'd be surprised if a ''Best Tote'' option wasn't available soon-ish.

And once the Productivity Commission hands down their findings, there's every chance online in-running betting will get the green light for sports. Even though it will get the thumbs-up, it won't get passed until early 2011 - first term of the new government, they won't be in a rush to pass legislation pre-election.

 

[dr nick]

seriously would consider voting for Rudd if that's the case..

but isn't betfair on rudds proposed blacklist? hard to see his govt would support a change towards liberalising betting

 

[Jan Juc]

PC handed their findings to the Govt on Feb 26th.

Give the government a little bit of time to get their house in order, media releases, strategies etc.

We can come back to this convo in a week or so - it may take a little longer.


Caveat: Next to no chance of any in-running changes pre-election. Recommendations, yes - amendments to legislation, no. First Quarter 2011 however...

 

[asanque]

PC handed their findings to the Govt on Feb 26th.

Give the government a little bit of time to get their house in order, media releases, strategies etc.

We can come back to this convo in a week or so - it may take a little longer.


Caveat: Next to no chance of any in-running changes pre-election. Recommendations, yes - amendments to legislation, no. First Quarter 2011 however...

Sigh.

When are we actually going to get politicians that aren't living in the middle ages.