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Could someone explain to me if I have this concept right?
I am placing a £2 bet on Luis Suarez to be top goalscorer this world cup at 140/1.
Now I know that this is very unlikely but if he bangs in 3 or 4 goals in the group stages and Uraguay progress I'm assuming the odds will be slashed dramatically.
I would then seriously consider selling (laying) my bet at the last 16 stage (unless uraguay get a decent draw) at a profit?
Much obliged :-)
Am I along the right lines
I am placing a £2 bet on Luis Suarez to be top goalscorer this world cup at 140/1.
Now I know that this is very unlikely but if he bangs in 3 or 4 goals in the group stages and Uraguay progress I'm assuming the odds will be slashed dramatically.
I would then seriously consider selling (laying) my bet at the last 16 stage (unless uraguay get a decent draw) at a profit?
Much obliged :-)
Am I along the right lines
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Thank you, so how do I go about laying the bet I have previousley made then? Where do I go on the Betfair site that is?
You need to click on the pink button by his name (might need enabling by choosing full view or back and lay or some such) and then enter the amount you want to lay for.
You would be well advised to choose the "what if" option under "more options" at the top of the market list just above the pink bar. This will tell you the outcome in £££, should the outcome occur or not occur.
NB If you lay £2 at 100, your liability is £198 NOT £2. £2 is what you collect, should the outcome NOT occur.
It might help to imagine yourself on the other side of the bookies counter taking some hapless punters money.
You would be well advised to choose the "what if" option under "more options" at the top of the market list just above the pink bar. This will tell you the outcome in £££, should the outcome occur or not occur.
NB If you lay £2 at 100, your liability is £198 NOT £2. £2 is what you collect, should the outcome NOT occur.
It might help to imagine yourself on the other side of the bookies counter taking some hapless punters money.
if you are only learning and laying the sellections you have previously backed to green up. to avoid a costly mistake I would transfere the bulk of your money into the ausi wallet. if you make a mistake it will not let you place the lay. also helps if you go on betfair when tanked up.
mr h you will have your main wallet and your AUS wallet that you will have to use if you want to bet on any ausi markets
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