General Betting
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I have just started having a good crack at football, thinking it is a major sport they would clear the bets quite quickly, today a good example with many games starting after the previous group. So I invested all my money on games in the first group expecting to reinvest.
One of many examples was that I layed the 0-0 in the Lyon game, I am thinking this would be cleared as soon as the game ends, afterall they knew it was a winning bet as soon as the first goal is scored, but 20 minutes after the game ended I still didn't have my money, so couldn't have a crack at any of the English games.
My other football games also had big delays, is this usual ? Anyone know why they take so long, not as if there will be a protest against the result, BF must be losing millions of potential reinvestments with this delay.
One of many examples was that I layed the 0-0 in the Lyon game, I am thinking this would be cleared as soon as the game ends, afterall they knew it was a winning bet as soon as the first goal is scored, but 20 minutes after the game ended I still didn't have my money, so couldn't have a crack at any of the English games.
My other football games also had big delays, is this usual ? Anyone know why they take so long, not as if there will be a protest against the result, BF must be losing millions of potential reinvestments with this delay.
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People that complain about slow settlements are generally those that overstake. People that overstake will inevitably lose.
Perhaps you need to understand when markets are settled and most certainly you should review your staking strategy.
Perhaps you need to understand when markets are settled and most certainly you should review your staking strategy.
Well I wasn't complaining, just enquiring as to whether it is common to take so long to settle bets, so in the future i can plan the timing of my best bets, and don't miss any.
As for over staking, well yes I use 33% of my money on each bet, 100% for the period, so officially i am super over staking, but then again I haven't lost a bet yet, and can still lose 2 straight bets and be in profit. The chances of losing those 2 bets straight is highly unlikely as I tend to invest in very safe bets.
For example Lyon a high scoring team to score at least one goal at home against almost the worst team in their league who give up goals for fun. It's a good bet.
As for over staking, well yes I use 33% of my money on each bet, 100% for the period, so officially i am super over staking, but then again I haven't lost a bet yet, and can still lose 2 straight bets and be in profit. The chances of losing those 2 bets straight is highly unlikely as I tend to invest in very safe bets.
For example Lyon a high scoring team to score at least one goal at home against almost the worst team in their league who give up goals for fun. It's a good bet.
Surely that was reflected in the odds?
Don't worry so much about BF settling bets. You'll go bust before that issue really gets to you.
Don't worry so much about BF settling bets. You'll go bust before that issue really gets to you.
Yes I think it was somewhere around 20/1 odds , I tend to play the lay 0-0, lay any other score, or under 4.5 goals depending on where my best bets fit.
As for going bust, I only started with a small amount of money in my BF account because I lose a lot on exchange rate and visa fees etc depositing money, so why deposit all my money when maybe i don't need to ? So I thought i will just deposit 400$ to start and I can deposit more later if i lose up to 5000$ which is my bank i wanted to start with.
So I am now up to about 1200$, I am not sure why i would go bust , is it just because the poster thinks all people go bust ? I do know I will lose many bets, i am not stupid, I just try to lose as little of my bets as I can.
I started by risking my whole 400$ bank on each bet, but in my mind it was 400$ out of a 5000$ bank, even if that money has not been deposited in BF. Now I am just risking 400$ still but that is 33% rather than 100% , so where is this assuredness I will lose my whole bank ?
Back to my question though. If a team scores a goal half way through their game, and I layed the 0-0 result, why does it take until 20 minutes after the game to clear the bet ? and is this common ?
please.
As for going bust, I only started with a small amount of money in my BF account because I lose a lot on exchange rate and visa fees etc depositing money, so why deposit all my money when maybe i don't need to ? So I thought i will just deposit 400$ to start and I can deposit more later if i lose up to 5000$ which is my bank i wanted to start with.
So I am now up to about 1200$, I am not sure why i would go bust , is it just because the poster thinks all people go bust ? I do know I will lose many bets, i am not stupid, I just try to lose as little of my bets as I can.
I started by risking my whole 400$ bank on each bet, but in my mind it was 400$ out of a 5000$ bank, even if that money has not been deposited in BF. Now I am just risking 400$ still but that is 33% rather than 100% , so where is this assuredness I will lose my whole bank ?
Back to my question though. If a team scores a goal half way through their game, and I layed the 0-0 result, why does it take until 20 minutes after the game to clear the bet ? and is this common ?
please.
what they are saying is you will hit 3 losers on the trot and you will go bust, even at 20/1
You are taking big risk of going bust staking 33% of bank.
With settlement its probably just the way the work.Settle all correct scores at same time at the end, less work for them.
You are taking big risk of going bust staking 33% of bank.
With settlement its probably just the way the work.Settle all correct scores at same time at the end, less work for them.
Thank you
But if i lose 3 in a row I will just lose 1200$, I will still have 4600$ left for depositing to my bank. So certainly not wiped out.
The good thing about football is that it has nothing to do with odds and everything to do with selection . For example today there were many 20/1 bets i could have taken, but they certainly were not all equally as likely to succeed in my mind. In fact some of them seemed like buying money and some of them i would never risk at just 20/1 odds.
In fact i can't see why there are actually people offering up lays at some of those prices.
But if i lose 3 in a row I will just lose 1200$, I will still have 4600$ left for depositing to my bank. So certainly not wiped out.
The good thing about football is that it has nothing to do with odds and everything to do with selection . For example today there were many 20/1 bets i could have taken, but they certainly were not all equally as likely to succeed in my mind. In fact some of them seemed like buying money and some of them i would never risk at just 20/1 odds.
In fact i can't see why there are actually people offering up lays at some of those prices.
If you had started a thread "How much of my bank should I risk?" the general opinion would be 5% max per bet. Thats the common sense reply from a lot of people,s experience over time. Odds are there to defeat you.
Probably the above posters are like me, if I hear of someone complaining about not having money to bet because markets havn,t been settled I wince.
Probably the above posters are like me, if I hear of someone complaining about not having money to bet because markets havn,t been settled I wince.
I understand that, but the reason i have no money to bet is because only 8% of my bank was deposited into Betfair, to start with. But if 5% is a good amount to bet then I was starting with close to that, so that is good.
If I deposit into Betfair I have to deposit in AUS $ , that means it converts my NZ$ first, then when i withdraw later i will need it converted back, I actually lose 10% in that process, so not worth me depositing any more than is absolutely necessary. My real bank still started at 5000$ though, and i invested 400$ to begin.
If I deposit into Betfair I have to deposit in AUS $ , that means it converts my NZ$ first, then when i withdraw later i will need it converted back, I actually lose 10% in that process, so not worth me depositing any more than is absolutely necessary. My real bank still started at 5000$ though, and i invested 400$ to begin.
OK well that puts it into context.
Initially you said you were using 33% of your money on each bet - hence my comment about you going bust. In realitiy your betting bank is much bigger, but you are still probably staking too much on one selection. There will come a time when two or three of these come in in short succession even at these odds, whether they are great picks or not.
Initially you said you were using 33% of your money on each bet - hence my comment about you going bust. In realitiy your betting bank is much bigger, but you are still probably staking too much on one selection. There will come a time when two or three of these come in in short succession even at these odds, whether they are great picks or not.
settlement times used to be a lot worse, and on the big events such as grand national or gold cup it can be mega slow.
how can money not in betfair be part of your betting bank. why would you not deposit it and maximise your staking and give yourself the money to place other bets. You say you cant place a bet because not settled in time. you cant place a bet because you are not using all your betting bank and leaving 4500 outside of betfair
The reason i didn't deposit it all is because i basically lose 10% of it in exchange fees by doing so, and if i am successful I would not need to deposit it all.
Also I did not see any logical reason why they would take so long to settle a football market, especially one that can not be under enquiry or anything, so i figured it is fine to start with less money in the account.
Now I know Betfair do take their time, I will deposit more, although now I have already gained 300% of my initial deposit, i probably don't need to deposit much extra anyway.
Also I did not see any logical reason why they would take so long to settle a football market, especially one that can not be under enquiry or anything, so i figured it is fine to start with less money in the account.
Now I know Betfair do take their time, I will deposit more, although now I have already gained 300% of my initial deposit, i probably don't need to deposit much extra anyway.
why dont you put £2 on the 0-0 when it is 1000/1 your money will be back in play
I actually agree with corbchenko that late settlement can be a nuisance, although I felt it more when my bank was smaller.
Regarding the backing at 1000 to get your money back... 0.1% is a high price to pay I think.
I lay at 1000 quite regularly, and I'm quite happy with the 0.1% return on my money, provided I can do it a couple of times a day. The real return will be lower of course, as you will eventually lose some bets even laying at 1000.
I'm referring to laying unlikely events rather than laying something that can no longer happen. But even there, mistakes are made!
Regarding the backing at 1000 to get your money back... 0.1% is a high price to pay I think.
I lay at 1000 quite regularly, and I'm quite happy with the 0.1% return on my money, provided I can do it a couple of times a day. The real return will be lower of course, as you will eventually lose some bets even laying at 1000.
I'm referring to laying unlikely events rather than laying something that can no longer happen. But even there, mistakes are made!
The orginator of the post was simply enquiring about timescales for returning a winning bet....and in return from a select few gets some 'i know better than you' advice.
Seems to happen quite a bit on this forum unfortunately.
Seems to happen quite a bit on this forum unfortunately.
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