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General Betting
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hi, new to all this, i just wanted some advice and tips on what to do really.
how much do most people start out with in their Bank? as laying bets seems easy enough, but you clearly need alot in your account to actually earn any decent money.
i deposited £25 and have simply put on 2 bets this evening, 1 lay, which will win me £5, but could cost me £17 and another straight over 2.5 goals for 7.50.
i'm used to just betting on accumliators on other sites, but seen alot of people being succesful on here, so it would be useful for a little insight on how people are doing/betting with figures.
thanks
how much do most people start out with in their Bank? as laying bets seems easy enough, but you clearly need alot in your account to actually earn any decent money.
i deposited £25 and have simply put on 2 bets this evening, 1 lay, which will win me £5, but could cost me £17 and another straight over 2.5 goals for 7.50.
i'm used to just betting on accumliators on other sites, but seen alot of people being succesful on here, so it would be useful for a little insight on how people are doing/betting with figures.
thanks
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My only advice is offer instead of take. Whether it's backing or laying doesn't matter, but any time you take the odds on offer instead of putting up the odds you want, you're giving away value.
For example let's say the market is 1.6/1.62; If you back at 1.6 then you're letting someone else lay at 1.6 when you wouldn't be able to. Likewise if you lay 1.62 you're letting someone else get away with backing at 1.62 when you'd be unable to. So unless the market is extremely deep (lots of money already in the queue), or it's in-running and likely to quickly change, put your money up and wait to get matched, that way when someone accepts your offer, they're the ones giving away value, to you. |
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Hi Ror, thanks for the advice, i will look into that after tonights betting, that makes alot of sense, does it usually take a while to get matched? clearly i wont be changing a 1.62 to a 4.62 for example, how do you usually do it?
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My best advice would be to bet your full bank on the unders markets at the end of games.
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what are the unders markets? like 1.01 etc?
btw iv seen a few of your posts CV2000 how are all the £10 - £1000 etc bets going on? i may join in if i have a couple of decent nights |
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My bank is around the £2000 mark now but I have given up on Betfair and don't really use it to bet anymore.
I have a thread running in general betting trying to reach 100 winners in a row starting with £100. On 13 at the moment so very long way to go. I wouldn't really advise betting your full bank lol. I am only doing it as a fun challenge type thing. I made £260 profit in about 4 hours tonight though haha. It can all go horribly wrong in seconds though. |
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where are you usually betting now then? i'm constantly losing on weekend accums, always 1 team, hence why i joined here to try somethhing different, but it seems you need a big bank.
yeah i like the posts, hard work though, but gaining is gaining albit small amounts |
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Depends what you want to do. I certainly wouldn't advise doing accas on here so if you want to get away from doing them it is probably best to give trading a try on here. Start with small stakes, no more than 5% of your bank usually and try and build your bank slowly.
I know I am not showing it with my challenges (I won't normally bet like this) lol but discipline is so important. Set yourself a daily/weekly profit target as well as a loss limit and which point you stop betting. I know your bank isn't big at this stage but be patient and try and build. GL |
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how do you do trading?
yeah im following the 100 bets, doing well mate, im guessing those are betting in-play? |
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Trading is backing and laying markets so that you lock in profit no matter what the outcome is.
Say you back over 2.5 goals in a game at evens then an early goal goes in, the price to lay over 2.5 goals will drop to say 1.5. You can then lay at that price to make sure that you if there is over 2.5 goals you will be in profit and you will also be in profit if it stays 1 nil. You're best reading about it on the help section of search on google as I have probably just confused you lol. I am betting in play btw but am using 365. |
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help section or search on google
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yeah sweet i hsall have a look.
good luck on 100 bets, i'll be in touch, nice one |
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ror 27 Mar 11 23:12
My only advice is offer instead of take. Whether it's backing or laying doesn't matter, but any time you take the odds on offer instead of putting up the odds you want, you're giving away value. Thats not true, granted in some markets this could be the case but to make a sweeping statement like that is wrong. I see prices that are being offered that are totally wrong and I will take them straight away. That doesn't mean I am right or wrong, basically what is value to me may not be value to somebody else |
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yeah cheers, clearly its down how you value the market, it will take time, how are you getting on dlarssonf?
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all good here ricky
 good luck with your betting mate |