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think it works out to be £37.50, only if the match ends under 2.5 mate
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Doing it for £500 stakes when you're not sure what you're doing is brave...
But yes - lay @ 1.77 to a £552 stake will give you a green book of about £24 - if you're on 5% commission that is, you'll need tto calculate the correct backer's stake to lay if your commission is lower. |
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erm assuming your backing and laying at 500
if you backed under 2.5 say and it won, then..... you get £450 from the bookies if you backed at 1.9 and lose £385 from betfair if you laid at 1.77 so profit of £65 if you backed under 2.5 and it lost then you lose your £500 with the bookies and win £450 with betfair after 5% so a loss of 50 quid. |
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plenty of arb calculators online if you google, just have a play on one to see how the numbers stack up
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