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Here’s a handy example, using Newcastle vs Man Utd in the Premiership.
You back Newcastle before the game starts for £10 at 5.0. This means that if they win, your total return is £50 (£10 x 5.0). That’s a profit of £40 once you take off your stake.
Both teams miss chances during the first half but then Newcastle take the lead midway through the second and the odds shorten to 1.5, leaving you with a delicious predicament.
You can do nothing and cheer Newcastle all the way home for the full profit, or lay them at the shorter odds to guarantee a profit, no matter what happens.
You know Man Utd are strong in the closing stages and one goal may not be enough. Newcastle are already looking shaky and you don’t think they can hang on, so you lay them on 65 minutes for £25 at 1.5. This means, if Newcastle win, you lose £12.50 to another Betfair customer ((£25 x 1.5) – £25.)
But! This is where the genius of it all comes into play. You’ve already backed them at higher odds than you’ve just laid and really don’t care what happens. You win if Newcastle win. You win if they don’t.
If Newcastle win, you win £40 from your first bet. You lose £12.50 from your second bet. That’s a net profit of £27.50.
If Newcastle lose or draw, you lose the £10 staked in your first bet. You win the £25 from your second bet. That’s a net profit of £15.
WHAT IF
What if i back newcastle and united score first and look like they are going to win?
Any help is much appreciated thank you.
You back Newcastle before the game starts for £10 at 5.0. This means that if they win, your total return is £50 (£10 x 5.0). That’s a profit of £40 once you take off your stake.
Both teams miss chances during the first half but then Newcastle take the lead midway through the second and the odds shorten to 1.5, leaving you with a delicious predicament.
You can do nothing and cheer Newcastle all the way home for the full profit, or lay them at the shorter odds to guarantee a profit, no matter what happens.
You know Man Utd are strong in the closing stages and one goal may not be enough. Newcastle are already looking shaky and you don’t think they can hang on, so you lay them on 65 minutes for £25 at 1.5. This means, if Newcastle win, you lose £12.50 to another Betfair customer ((£25 x 1.5) – £25.)
But! This is where the genius of it all comes into play. You’ve already backed them at higher odds than you’ve just laid and really don’t care what happens. You win if Newcastle win. You win if they don’t.
If Newcastle win, you win £40 from your first bet. You lose £12.50 from your second bet. That’s a net profit of £27.50.
If Newcastle lose or draw, you lose the £10 staked in your first bet. You win the £25 from your second bet. That’s a net profit of £15.
WHAT IF
What if i back newcastle and united score first and look like they are going to win?
Any help is much appreciated thank you.
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Interesting strategy bordering on genius. How can I use something similar on Xgames? Does this just work on football? Is it limited to Ncle V Man Utd? My head is spinning with the possibilities. The patio door to the garden of riches has burst open before me and there stands my very own pen1s shaped swimming pool, filled with the spit of Himalayan virg1ns.
Fetch my thong, I'm going in.
Thank you, thank you.......thank you.
Fetch my thong, I'm going in.
Thank you, thank you.......thank you.
The odds on Newcastle rocket to 50's, o m g what do I do ? what do I do ?
Relax fellow punter. Put on your finest suit, write a short note to your loved ones, get in the car and set the sat nav for Beachy Head. You know it makes sense.
You're in exceptionally fine, funny form today Jazza.
Made my day believe me.
Made my day believe me.
Altogether now, "The answer my friend, is blowing in the wind. The answer is blowing in the wind" [;)]
No what's blowing in the wind is that new smell from your undies.
Altogether now, "The answer my friend, is blowing from my undies. The answer is blowing from my undies" [:o]
Do you post anywhere else Jazza? I'm missing my daily chuckle with this forum being so quiet.
Thanks for the example though marcus555. Personaly I find trading an extra tax burden, if not done properly. Good luck with it all the same.
jazza you're funny as hell. I have few days since I start laughing and still can't stop when reading this. I also cray laughing @ "The odds on Newcastle rocket to 50's, o m g what do I do ? what do I do ? "
thanks guys and thanks marcuss for exposing the genius part of this strategy to us limited minded id1ots.
thanks guys and thanks marcuss for exposing the genius part of this strategy to us limited minded id1ots.
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