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General Betting
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25 Dec 09
03:23
Joined:
Date Joined:
09 Jul 09
I can't get to grips with the reason, for laying huge odds, in long term markets!
Just looking at the Premier League and their is serious money tied up.
What do they get out of laying a tenner for nearly £10k liability?
I can see that a little is traded, on each of them, but it is a pretty slow way, to make a few quid,
isn't it?
Or am I missing something here?
A very Happy Xmas and prosperous New Year to all...............
Just looking at the Premier League and their is serious money tied up.
What do they get out of laying a tenner for nearly £10k liability?
I can see that a little is traded, on each of them, but it is a pretty slow way, to make a few quid,
isn't it?
Or am I missing something here?
A very Happy Xmas and prosperous New Year to all...............
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Replies: 6
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You are definately missing something !!
I'll give you a tip , do not open this thread again to read the reasons people have for laying thoise odds. Try to think out the reason yourself and when you get it , you will have a better understanding of the exchange concept and you may benefit from that in the future. |
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Be careful getting involved in long term markets. I just found out I am paying the PC on bets made in 2007 on the UK election markets. If they back date any more fees or charges it could be a total disaster.
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one may of layed man utd to lose 10k so may then lay one of the 1000 shots for a tenner. makes no difference to ones poition. comprende?
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Eddie the eagle 25 Dec 08:34 You are definately missing something !! I'll give you a tip , do not open this thread again to read the reasons people have for laying thoise odds. Try to think out the reason yourself and when you get it , you will have a better understanding of the exchange concept and you may benefit from that in the future. I wholly agree with Eddie. :) I regularly lay at 250.0 to 1000.0 and betfair have the temerity to take 20% away each week. Merry Christmas. |
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Lady Faye Verrit,
one of the reasons is bookbuilding. It is a strategy to earn the difference between back book percent and 100. It works as follows: Enter an unmached lay bet at back price or lower for all selections and wait until all bets get matchedd. If all almost all bets get matched, lay again. Repeat as often as possible. After some steps, you will have small profit on most selections and big profit on some selections (This selection with unmatched lay bets). So you can afford to lay @ 1000, without any risk. And if you do bookbuilding strategy, you have no edge and will be happy the convert the big green on losers to small green on winner. |
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I tried this book building malarki once and ended up losing more then I was making.
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