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Right, ive had a search, read loads of different articles, posts, forums, but still a little confused.
I understand how it works and everything, and how its calculated, but what is defined as "loosing", or "not winning"
For example, I read one site and it listed all the bets, back = first winner, but then it went and said lay = loosing horse
Now is the loosing horse the horse that comes in last place? or if you lay a bet on Horse X and it comes in 3rd, are you paying betfair or are they paying you? - As you can get each way bets (not on here I dont think) which means you get 1st 2nd, 3rd.
Am i thinking too hard about this, 2nd place is the first looser? or is it you lay bets on the horse that is going to come last?
I understand it for football... as there are only two teams playing which means its either win or loose, but there can be 10+ horses in a race?
:S
Cheers for the help in advanced.
I understand how it works and everything, and how its calculated, but what is defined as "loosing", or "not winning"
For example, I read one site and it listed all the bets, back = first winner, but then it went and said lay = loosing horse
Now is the loosing horse the horse that comes in last place? or if you lay a bet on Horse X and it comes in 3rd, are you paying betfair or are they paying you? - As you can get each way bets (not on here I dont think) which means you get 1st 2nd, 3rd.
Am i thinking too hard about this, 2nd place is the first looser? or is it you lay bets on the horse that is going to come last?
I understand it for football... as there are only two teams playing which means its either win or loose, but there can be 10+ horses in a race?
:S
Cheers for the help in advanced.
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Jamz
Two main markets on Betfair in Horse Racing: Win market and Place Market.
Win market - you are laying a horse to finish 1st.
i.e. That horse will not first.
Place market - you are laying a horse to finish 1st, 2nd or 3rd.
i.e That horse will not finish 1st, 2nd or 3rd.
It does not matter where they finish - 4th, 8th or last.
Win market - must win,
Place market - must be 1, 2 or 3.
Just to cover myself. Variations will apply with small fields - 7 horses or less and large fields 14/15/16 etc or more - the Place market rules will change. So, check Rules for that race.
Two main markets on Betfair in Horse Racing: Win market and Place Market.
Win market - you are laying a horse to finish 1st.
i.e. That horse will not first.
Place market - you are laying a horse to finish 1st, 2nd or 3rd.
i.e That horse will not finish 1st, 2nd or 3rd.
It does not matter where they finish - 4th, 8th or last.
Win market - must win,
Place market - must be 1, 2 or 3.
Just to cover myself. Variations will apply with small fields - 7 horses or less and large fields 14/15/16 etc or more - the Place market rules will change. So, check Rules for that race.
Thanks for the reply Roger OASIS, I am quite new to all this (well I've placed the odd back bet now and again, usually on football win's), but would like to get into this a bit more, and want to fully understand the lay bet 100% before I enter into it.
Right, lets use this as an example:
Right, so if I was to put a lay bet on "Bombay Mist" of £2.00... If this horse came in 1st place, I would have to pay Betfair £1,938.00
So are we saying if it comes 2nd or above (3rd, 4th, 5th, 6th....) I would receive £1,938.00 FROM Betfair?
Right, lets use this as an example:
Right, so if I was to put a lay bet on "Bombay Mist" of £2.00... If this horse came in 1st place, I would have to pay Betfair £1,938.00
So are we saying if it comes 2nd or above (3rd, 4th, 5th, 6th....) I would receive £1,938.00 FROM Betfair?
Oh Boo, image didnt work... I'm currently looking at Sthl 21st Dec 12:35 5f HCap
No. You would receive £ 2 less commission.
If you decide to lay Bombay Mist, offer a price much lower.
e.g. 40. If Bombay Mist wins, you lose £ 2 x 40 = £ 80.
If Bombay Mist comes 2nd, 3rd etc, you win £ 2 less commission.
If you decide to lay Bombay Mist, offer a price much lower.
e.g. 40. If Bombay Mist wins, you lose £ 2 x 40 = £ 80.
If Bombay Mist comes 2nd, 3rd etc, you win £ 2 less commission.
what a moron
only clued up punters on here -- so pi55 off
only clued up punters on here -- so pi55 off
Thanks Roger, I get it now... also found this article helpful - http://betting.betfair.com/education/the-site/lay-betting/placing-a-lay-bet-220108.html
And no thanks to Zealot for his un-helpful comment... you have to start somewhere you know so why don't you p155 off and post else where?!
And no thanks to Zealot for his un-helpful comment... you have to start somewhere you know so why don't you p155 off and post else where?!
before you join here you should be clued up
You will be toasted alive on here my friend
You will be toasted alive on here my friend
Right, ive had a search, read loads of different articles, posts, forums, but still a little confused.
Jamz,
You maybe should do some more reading...like a LOT more.
Jamz,
You maybe should do some more reading...like a LOT more.
BTW- Would not lay BOMBAY MIST....it could be in with a shout to win today ...as going is SLOW .....and it does have some factors in favour!
please don't say "loosing" and "loose" it's LOSING or LOSE!!!! Why are some people so stupid.
Jamz......
just picture this, you will understand what backing and laying is;
Backing - same as walking into a bookie, you bet £10 on Red Rum at 5/1 to win, if Red Rum wins, the bookie pays you £50 and your £10 stake back. If Red Rum don't win, all you've lost is £10.
Laying - this time, imagine you are the bookie, some punter comes up to you and bets £10 on Red Rum (5/1) to win, if Red Rum wins, you have to give him his winnings of £50 and his £10 stake back. If Red Rum DO NOT win, you just keep his £10 stake.
easy peasy.....so on betfair, your profit is the backers' stake minus the commission.
just picture this, you will understand what backing and laying is;
Backing - same as walking into a bookie, you bet £10 on Red Rum at 5/1 to win, if Red Rum wins, the bookie pays you £50 and your £10 stake back. If Red Rum don't win, all you've lost is £10.
Laying - this time, imagine you are the bookie, some punter comes up to you and bets £10 on Red Rum (5/1) to win, if Red Rum wins, you have to give him his winnings of £50 and his £10 stake back. If Red Rum DO NOT win, you just keep his £10 stake.
easy peasy.....so on betfair, your profit is the backers' stake minus the commission.
well put efren, thats how i explain it when my mates ask. Although you are not "being the bookie", you are putting up money for someone else to win when they place their bet and they usually get it after that. If he doesn't understand it still then there is no hope.
@mesmerised: c0ck. If someone thinks it's "loosing" and "loose" then they are thick as pigs 5hit. It wasn't a simple spelling mistake as he spelt it as the other word in both contexts, (ie. with "ing" on the end too) and "loose" and "loosing" have nothing to do with betting. stop sticking up for numpties.
@mesmerised: c0ck. If someone thinks it's "loosing" and "loose" then they are thick as pigs 5hit. It wasn't a simple spelling mistake as he spelt it as the other word in both contexts, (ie. with "ing" on the end too) and "loose" and "loosing" have nothing to do with betting. stop sticking up for numpties.
Come on now.This is all a wind up by the OP SURELY ?
The only time you "loose" on here is when you have to make that mad dash to the bathroom after you banker bet doesn't come in.
Rod hull you absolute fuking prick. Who gives a $hit, this is a forum not an English essay - do something more worthwhile with your life instead of fussing over slight inadequacies.
christ, it didn't take much to get you to bite did it.
Relax, easy on the seething.
''christ, it didn't take much to get you to bite did it.
Relax, easy on the seething''
That could be referring to your initial comment, Rod Dull
I'm with mesmerised...what a F**king tool you are Rod Dull...just cos it gets your f**kin goat when some1 spells something slightly wrong, it's not a problem to the rest of us, so we dont want the spelling police butting in on every thread just cos he's a ji$$ jockey with no life. As you say, CHILLAX muthafu**a.
Relax, easy on the seething''
That could be referring to your initial comment, Rod Dull
I'm with mesmerised...what a F**king tool you are Rod Dull...just cos it gets your f**kin goat when some1 spells something slightly wrong, it's not a problem to the rest of us, so we dont want the spelling police butting in on every thread just cos he's a ji$$ jockey with no life. As you say, CHILLAX muthafu**a.
already told you im not the spelling police. stop seething mugcan.
are you loosing your patience again?
[ This image is no longer available. ]
[ This image is no longer available. ]
I am the spelling police, and I formally caution you for excessive misspelling of 'lose' and 'loser'.
I find it extraordinary the amount of people nowadays who persistently misspell the above, along with 'definite' (usually rendered as 'definate') and 'consistent' (usually 'consistant').
I find it extraordinary the amount of people nowadays who persistently misspell the above, along with 'definite' (usually rendered as 'definate') and 'consistent' (usually 'consistant').
I said twice I'm not spelling police but you must be one of those who say "loosing" and "loose" so you clearly can't read and don't mind being a thicko.
It's ok thicko we won't laugh at you.
It's ok thicko we won't laugh at you.
Actually we will. You have to be really thick to think like you do.
[url=http://www.bbcode.org/images/lubeck.jpg][/url]
Merry Xmas
Merry Xmas
You missed the other apostrophe on the letter "R".
You must be loosing your touch as well thicko.
You must be loosing your touch as well thicko.
I also like how everyone copies the exact same picture of a mug that I started using. I have always been a trend setter though. 
You guys can keep looking up to me (at least I can spell) and maybe in the future I will teach you something. Good work fans.
You guys can keep looking up to me (at least I can spell) and maybe in the future I will teach you something. Good work fans.
Hey rod, is that you on the left?
[url=http://www.bbcode.org/images/lubeck.jpg][/url]
[url=http://www.bbcode.org/images/lubeck.jpg][/url]
Well, I am quite disappointed with some peoples attitude on here, thanks to those whom helped, I understand the gist of it now, and have placed a couple of bets here and there.
Again, thanks for the people whom helped me, but looks like I will not be posting on here any longer as there are too many other “Mugs” posting on here. Betfair may as well stop people from registering, as I suppose they will get this type of “warm” welcome too.
Adiós
Again, thanks for the people whom helped me, but looks like I will not be posting on here any longer as there are too many other “Mugs” posting on here. Betfair may as well stop people from registering, as I suppose they will get this type of “warm” welcome too.
Adiós
Jamz
One thing about these forums is that they're totally fair and equitable.
Anybody and everybody who shows any sign of weakness is ripped apart.
So don't feel picked upon.
One thing about these forums is that they're totally fair and equitable.
Anybody and everybody who shows any sign of weakness is ripped apart.
So don't feel picked upon.
Again, thanks for the people whom helped me, but looks like I will not be posting on here any longer as there are too many other “Mugs” posting on here. Betfair may as well stop people from registering, as I suppose they will get this type of “warm” welcome too.
I am disappointed to see that you are not only unable to spell, but don't have a proper grasp of grammar either. It should be " . . thanks for the people who helped me . ."
Sorry to hear that you are leaving. Your incisive and erudite comments will be sorely missed.
I am disappointed to see that you are not only unable to spell, but don't have a proper grasp of grammar either. It should be " . . thanks for the people who helped me . ."
Sorry to hear that you are leaving. Your incisive and erudite comments will be sorely missed.
^ I assume you meant '...' rather than '..'.
The '...' is known as an Ellipsis.
The '...' is known as an Ellipsis.
Aaaah what are the chances. A rogue dot has found its way in.
I'm with trend-setter Rod on this.
http://green-all-over.blogspot.com /2008/06/i-cant-stand-loosing.html
remove space after .com
http://green-all-over.blogspot.com /2008/06/i-cant-stand-loosing.html
remove space after .com
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