Neekz

Hey thanks

Right ok. What market are you in at the moment?

Im new to betfair but not to gambling. I've made a lot of money backing bets, not really keen on laying. I hear people talking about trading out. What does this mean? And when is the best time to Lay?

I bet mainly on Football Cricket and Tennis

Ill tell you what I can, but most of when and should is a judgement call

ok go into the Real Madrid match odds market

you there?

Ok im in there

Right, above the pink lay box click more options and tix the what if? box

tick it I mean

Ok i have selected that option

Right, now lets say you back Malaga for £20. Do that but dont press confirm.

So odds 19.5 and stake 20

dont press Place Bets though

Yes i have done that @19.5

you should see

Red -20 Madrid
Green +370 Malaga
Red -20 Draw

Yes i see that

Right now assuming you have done that and Malaga are 1-0 up with say ten minutes to go, the price might then be

Madrid 10.0
Malaga 1.55
Draw 2.2

for example

you could then lay Malaga so click the pink LAY box and put in

Odds 1.55 Backers Stake £200

again, dont press Place Bets

Ok i have done that @ 1.55

you will then see
RM + 180
Malaga + 200
Draw + 180

(again green = profit)

Yeah i see that. I think I'm beginning to understand the concept.

Right now lets assume that you have just done that when Real Madrid equalise.

The odds might now be

Madrid 2.5
Draw 1.4
Malaga 20

so now you could lay the draw @ 1.4

so put in a LAY of the draw for odds 1.4 backers stake £150

again dont press Place Bets

your traders book is now looking like

Real Madrid + 330
Malaga +410
Draw +120

obviously that is a ludicrously idealised example, but thats the idea. Traders try to back high, lay low and minmise liability (or red) and try to get an all green (profit) screen when they can.

This might be by backing at 1.9 and laying at 1.8 or backing at 20 and laying at 1.5 like you have just done in the example.

Very difficult to do in practise though.

Anyway, thats the idea, good luck mate.

Ok i understand a bit more. I had a general idea. It obviously harder in real life as you have to rely on scores to go your way. I backed city at 1.64 £75. I dont think they will go on to win so i may try this method seeing as they have just equalised.

Thanks for the help! I appreciate it. :)

I laid City at 1.55 and then again @ 1.2 so am going to back them now I think.

Good job i didn't LAy City. Was gonna do it at half time! They'll go on to win now.

Fairplay Marychain,

Dont lay off bets myself as didnt know enough about what to do

good to see someone without an attitude problem when somebody new to trading asks a question unlike others in football/racing forum

I thank you sir :-)

ty for explaining it