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Had a bet on the England vs USA match :
1. Bet on the USA to WIN @ 27 stake £2 = £58
The match odds changed for the USA to WIN @ 8 when the USA shown some decent form.
2. I looked at placing a Lay against the USA winning @ 8.
£2 @ 8 = potential win of £16/potential liability of £14.
The match ended in a draw 1-1.
When I went to check my Account:
Selection Odds Stake(£) Bid type Placed Profit/loss(£)
USA 28.00 2.00 Back 12-Jun-10 19:42
-2.00
USA 8.00 2.00 Lay 12-Jun-10 20:13
2.00
I find betfair have simply cancelled out the stakes and I have won nothing. Why?
1. Bet on the USA to WIN @ 27 stake £2 = £58
The match odds changed for the USA to WIN @ 8 when the USA shown some decent form.
2. I looked at placing a Lay against the USA winning @ 8.
£2 @ 8 = potential win of £16/potential liability of £14.
The match ended in a draw 1-1.
When I went to check my Account:
Selection Odds Stake(£) Bid type Placed Profit/loss(£)
USA 28.00 2.00 Back 12-Jun-10 19:42
-2.00
USA 8.00 2.00 Lay 12-Jun-10 20:13
2.00
I find betfair have simply cancelled out the stakes and I have won nothing. Why?
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No - according to the betfair help two bets placed on the same market is called trading and is allowed. You set a lay at low odds and a back at high odds and lock in a profit.
Because the USA didnt win and I locked in a Lay on the USA I should have a profit of £2 x 8 --- £16.
Because the USA didnt win and I locked in a Lay on the USA I should have a profit of £2 x 8 --- £16.
Frankly this is as clear as mud to me.
The lay said potential profit of £16 vs potential liability of £14 when I staked £2.
Did I get this wrong?
The lay said potential profit of £16 vs potential liability of £14 when I staked £2.
Did I get this wrong?
If you would have put £7 on the lay, you would have won a fiver what ever the result...in the options menu select 'what if' so that you can play with your laying figure and it will show your profit or loss...hope im not being fished here
what you did is set yourself up so you lost nothing but would have won had the yanks won...your lay figure should be more than your back money
Why do they show 'potential profit' of £16 vs 'potential losses' of £14 when I entered £2? The betfair help on the lay bet is not clear on what this is. Most people who have only bet a few times would think this was the profit if the lay came in!
so you would have won £2 if usa won.
the green figure would have shown usa £2 england £0.00 draw£0.00.
go to more options, and select what if, then open any market and play around with figures it will show you your potential winnings or loses in green and red under the teams names
the green figure would have shown usa £2 england £0.00 draw£0.00.
go to more options, and select what if, then open any market and play around with figures it will show you your potential winnings or loses in green and red under the teams names
Comedy gold aint there a thread every week by someone with kind of the same user name doing the same sh1te
The lay said potential profit of £16 vs potential liability of £14 when I staked £2.
Specsavers. It says potential payout of £16. (i.e. £14 liability plus £2 stake)
Specsavers. It says potential payout of £16. (i.e. £14 liability plus £2 stake)
member since March 07?
Worst bait ever imho. Either that or the nurse should be arriving soon with your tablets.
Worst bait ever imho. Either that or the nurse should be arriving soon with your tablets.
No
all the early monies are their own.
Ive had a place bet on Formentoso.2.20,only one to get a bet on.
all the early monies are their own.
Ive had a place bet on Formentoso.2.20,only one to get a bet on.
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