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27 Jul 10 22:23
Date Joined: 19 Jul 10
| Topic/replies: 166 | Blogger: arams's blog
As you can see i am a total newb.  Say you bet £10 at 4/1 and win then you get £40 but not £50 i thought you should get the win 4 x 10 = 40 + your £10 original stake, hence £50?
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Report peckham flasher July 27, 2010 10:30 PM BST
Report johnizere July 27, 2010 10:30 PM BST
When you back at 4.0, you're actually backing at 3.0.. therefore you WILL get your original stake back if you win.
Hover your mouse over the blue box (the back box), and you will see the true odds that you are backing. hth.
Report ChampagneSuperNovo July 27, 2010 10:31 PM BST
It shows you the profit you make rather than your return.

Return = £50
Profit = £50 - £10 = £40
Report CLYDEBANK29 July 28, 2010 12:13 AM BST
Report Richard LL July 28, 2010 9:57 AM BST
BF doesn't use traditional odds, 4.0 is not 4/1 it's 3/1
Report donemyconkers July 28, 2010 10:26 AM BST
Odds on betfair are displayed in decimal (as opposed to fractional) odds. If you are unfamiliar with decimal odds, you can find an odds conversion chart here

Decimal odds include the unit stake 4/1 (fractional) for example is displayed as 5.0 in decimal odds. To quickly calculate your return on a bet, simply multiply your stake by your odds. £100 at 2.50 would therefore return £250. £20 at 5.00 would return £100 – these returns include your stake.
Report deepwater July 28, 2010 11:14 AM BST
remember when a newby never realised 2 was evens---and put serious money on a horse--atr or channel 4 reported it on the exchanges tv.

horse lost
Report shiraz July 28, 2010 11:27 AM BST
arams, if you go to 'More options' on the betting screen you can check the box reading 'Display fractional odds on mouse-over'.  This may help when you are looking at the markets.
Report dude67 July 29, 2010 6:45 AM BST
@deepwater: If the horse lost, it doesn't matter what the odds were anyway. Laugh

We should get our original stakes back when we lose, that's what we should.
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