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Hi,
I have the following bets on the 2010 f1 drivers championship. I have been backing and laying and prior to laying off some of my exposure I had a balance of 0 in my betfair account.
I now have a balance of 102.97 in my account. Could you explain how this figure has been calculated based on the below bets?
I can see a way they have got back to 102.97 but the logic doesn't quite make sense to me. Anything I'm missing?
BACKS (AVE ODDS, STAKE, PROFIT)
Fernando Alonso 2.93 £77.31 £149.15
Sebastien Vettel 3.05 £7.94 £16.28
Lewis Hamilton 7.41 £37.25 £238.70
LAYS (AVE ODDS, BACKER'S STAKE, LIABILITY)
Fernando Alonso 1.73 £123.00 £89.57
I have the following bets on the 2010 f1 drivers championship. I have been backing and laying and prior to laying off some of my exposure I had a balance of 0 in my betfair account.
I now have a balance of 102.97 in my account. Could you explain how this figure has been calculated based on the below bets?
I can see a way they have got back to 102.97 but the logic doesn't quite make sense to me. Anything I'm missing?
BACKS (AVE ODDS, STAKE, PROFIT)
Fernando Alonso 2.93 £77.31 £149.15
Sebastien Vettel 3.05 £7.94 £16.28
Lewis Hamilton 7.41 £37.25 £238.70
LAYS (AVE ODDS, BACKER'S STAKE, LIABILITY)
Fernando Alonso 1.73 £123.00 £89.57
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Presumably you reduced your biggest red figure by £102.97 when you layed off.
You don't say in what order you placed the bets .
But if you had placed all the backs and only layed Alonso for around £20 backer's stake (at 1.73) then you'd have been £102/103 red on most of the field.
By laying Alonso for another £100 you would have got back to green on everyone, and your balance would increase.
But if you had placed all the backs and only layed Alonso for around £20 backer's stake (at 1.73) then you'd have been £102/103 red on most of the field.
By laying Alonso for another £100 you would have got back to green on everyone, and your balance would increase.
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