Official Betting Thread

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Re: Official Betting Thread

Postby screech on Mon Apr 16, 2012 7:43 pm

westhamrobw wrote:Paddy Power put up the same offer again earlier. Jumped on Arsenal @ Evens!

With offers like that you should just lump very big on arsenal @ evens then lay your bet on betfair for an instant profit
I.e backing arsenal @ evens on paddypower for £1000 will return £2000 then lay arsenal on betfair @ 1.30 for £2000 risking £600
Your minimum return will be £400 if they win rising to £2000 if they lose or draw
This sort of offer is unbelievable and is what gamblers dream of, Guaranteed profit win lose or draw
A heads up maybe before they pull the bets next time will help a few out on here :thup:
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Re: Official Betting Thread

Postby Dyl on Mon Apr 16, 2012 8:14 pm

screech wrote:With offers like that you should just lump very big on arsenal @ evens then lay your bet on betfair for an instant profit
I.e backing arsenal @ evens on paddypower for £1000 will return £2000 then lay arsenal on betfair @ 1.30 for £2000 risking £600
Your minimum return will be £400 if they win rising to £2000 if they lose or draw
This sort of offer is unbelievable and is what gamblers dream of, Guaranteed profit win lose or draw
A heads up maybe before they pull the bets next time will help a few out on here


Wow, Screech you genius. I have never got into the betfair backing and laying thing but if this works and you can guarentee money no matter what the result is then obviously that's insane :shock:
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Re: Official Betting Thread

Postby WHU Independent on Tue Apr 17, 2012 1:24 am

My problem is whilst I understand the backing part I can never work out how much to lay to get a profit. Any advice please - those decimal odds mean nothing to me tbh :)
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Re: Official Betting Thread

Postby SammyLeeWasOffside on Tue Apr 17, 2012 8:42 am

hiphophammer wrote:I'm sure the bet will be over in 10 minutes but as those odds it's worth a couple of quid!

Spot on but i am guessing not quite how you thought. :D
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Re: Official Betting Thread

Postby screech on Tue Apr 17, 2012 8:48 am

WHU Independent wrote:My problem is whilst I understand the backing part I can never work out how much to lay to get a profit. Any advice please - those decimal odds mean nothing to me tbh

The easiest way of working out the laying part is to just go onto the betfair site but don't log in and choose random bets at different odds and click "lay" then just see what the profit margins are and work it out from there, if I try to explain from the way I think and work out numbers it would just end in a tongue twister :D
Quick example from last night. Arsenal were 1.3 to win so if you were to lay arsenal to win you would have to risk £30 to win £100
Because with betfair you always take off 1 decimal so if betfair had odds of 4.0 to a novice that would show as 4/1 but once you take off 1 decimal the true odds are 3/1
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Re: Official Betting Thread

Postby whuben on Tue Apr 17, 2012 9:09 am

Ive got betfair

Now last week i backed chelsea to win 3 -1 at 16//1, during the game the odds came into 6/1 so i layed it for 4 quid. Now my think was i had locked in a 10 point winner on 4 quid. Happy days I thought but after the game i had only one a few quid.

Can anyone explain why this is?
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Re: Official Betting Thread

Postby wizzo_66 on Tue Apr 17, 2012 9:18 am

Did a both teams to score midweek coupon. £2 returns £93 on the following:-

Arsenal V Wigan (check)
Bayern V Madrid
Coventry V Millwall
Ipswich V Birmingham
Blackpool V Leeds
Chelsea V Barca

The top two games & the bottom one bumped up the odds massively.
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Re: Official Betting Thread

Postby shreddie on Tue Apr 17, 2012 9:49 am

whuben wrote:Ive got betfair

Now last week i backed chelsea to win 3 -1 at 16//1, during the game the odds came into 6/1 so i layed it for 4 quid. Now my think was i had locked in a 10 point winner on 4 quid. Happy days I thought but after the game i had only one a few quid.

Can anyone explain why this is?


How much did you back it for?

Did you include the commission charge from betfair on your winnnings?
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Re: Official Betting Thread

Postby shreddie on Tue Apr 17, 2012 9:56 am

screech wrote:With offers like that you should just lump very big on arsenal @ evens then lay your bet on betfair for an instant profit
I.e backing arsenal @ evens on paddypower for £1000 will return £2000 then lay arsenal on betfair @ 1.30 for £2000 risking £600
Your minimum return will be £400 if they win rising to £2000 if they lose or draw
This sort of offer is unbelievable and is what gamblers dream of, Guaranteed profit win lose or draw
A heads up maybe before they pull the bets next time will help a few out on here :thup:


Sorry to spoil the party here but there is no way that Paddy Power will allow you £1,000 @ Evs pre-live. I imagine £20 top, how much did you get on West Ham Rob?
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Re: Official Betting Thread

Postby whuben on Tue Apr 17, 2012 10:16 am

shreddie wrote:
How much did you back it for?

Did you include the commission charge from betfair on your winnnings?



Had a tenner on it and layed four quid. Even taking a point of either side of the bet it should have been a locked in 8/1 winner so should have got 32 quid
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Re: Official Betting Thread

Postby screech on Tue Apr 17, 2012 10:22 am

whuben wrote:Ive got betfair

Now last week i backed chelsea to win 3 -1 at 16//1, during the game the odds came into 6/1 so i layed it for 4 quid. Now my think was i had locked in a 10 point winner on 4 quid. Happy days I thought but after the game i had only one a few quid.

Can anyone explain why this is?

When you laid it did you lay it to win £4 or risk £4 to win £24?
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Re: Official Betting Thread

Postby whuben on Tue Apr 17, 2012 10:32 am

I laid it for 4 quid so i would have lost 24

I must have done something wrong cause only got 3 pound something back
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Re: Official Betting Thread

Postby SammyLeeWasOffside on Tue Apr 17, 2012 10:40 am

whuben wrote:Ive got betfair

Now last week i backed chelsea to win 3 -1 at 16//1, during the game the odds came into 6/1 so i layed it for 4 quid. Now my think was i had locked in a 10 point winner on 4 quid. Happy days I thought but after the game i had only one a few quid.

Can anyone explain why this is?

I think it is because laying isn't quite the same as backing that something doesn't happen. If you lay £4 at 6/1 on an event you don't win £24 if it doesn't happen. You are actually offering the 6/1 to other people up to the amount you state (£4), the most you can win in that bet is £4 the most you could have lost is £24 had the result been 3-1.

I don't use betfair so could have this all wrong
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Re: Official Betting Thread

Postby whuben on Tue Apr 17, 2012 10:49 am

I think i needed to lay more ie; something like what my potential winnings would have been on the backing side to lock in a bigger winnings
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Re: Official Betting Thread

Postby SammyLeeWasOffside on Tue Apr 17, 2012 11:03 am

whuben wrote:I think i needed to lay more ie; something like what my potential winnings would have been on the backing side to lock in a bigger winnings

Laying on odds against bets requires a lot of money and is a huge risk. If you had stuck £20 in then you are really betting £120 to win £20 that the score isn't 3-1 chelsea
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Re: Official Betting Thread

Postby Messiah on Tue Apr 17, 2012 11:08 am

My toxic spell of betting is still continuing with my Arsenal Sevilla double going down last night.

With that in mind, I have just stuck £10 on Southampton to win tonight.

You can all thank me tomorrow. :thup:
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Re: Official Betting Thread

Postby Fishbone on Tue Apr 17, 2012 12:24 pm

SammyLeeWasOffside wrote:I think it is because laying isn't quite the same as backing that something doesn't happen. If you lay £4 at 6/1 on an event you don't win £24 if it doesn't happen. You are actually offering the 6/1 to other people up to the amount you state (£4), the most you can win in that bet is £4 the most you could have lost is £24 had the result been 3-1.

I don't use betfair so could have this all wrong


You are indeed correct.
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Re: Official Betting Thread

Postby davids cross on Tue Apr 17, 2012 1:24 pm

shreddie wrote:Sorry to spoil the party here but there is no way that Paddy Power will allow you £1,000 @ Evs pre-live.


They would close your account if you won a £1,000 :lol:
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Re: Official Betting Thread

Postby Cambs Iron on Tue Apr 17, 2012 1:48 pm

Quite fancy B Munich at home tonight, 13/8 on skybet.
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Re: Official Betting Thread

Postby Ifcukin8chelsea on Tue Apr 17, 2012 1:50 pm

Had a both teams to score treble on Betfred last night:

Arsenal vs Wigan
Getafe vs Sevilla
Rennes vs Nice

£10 returned £50.
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