Worth a bet?

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Now he has been found not guilty, Jimmy 250/1 for sports personality

Only needs 12 weeks to become our highest test wicket taker

Doubt he will win but could be worth laying later and locking in some profit

Had a cheeky fiver anyway
 


Now he has been found not guilty, Jimmy 250/1 for sports personality

Only needs 12 weeks to become our highest test wicket taker

Doubt he will win but could be worth laying later and locking in some profit

Had a cheeky fiver anyway
interesting shout. nailed on mcilroy though but an ew bet could land on anderson.
 
Now he has been found not guilty, Jimmy 250/1 for sports personality

Only needs 12 weeks to become our highest test wicket taker

Doubt he will win but could be worth laying later and locking in some profit

Had a cheeky fiver anyway

How does this laying work? I like the odd bet, but never got into that part, I think it is a good shout what you are saying like.
 
How does this laying work? I like the odd bet, but never got into that part, I think it is a good shout what you are saying like.
You choose the stake and put forward the potential winnings of the bet in case it wins, if the bet loses, you get that back plus the chosen stake. Example, if you back Jimmy to win SPOTY at 250/1, you put forward £1, if he wins, you win £250. If you lay Jimmy to win SPOTY at 250/1 at a stake of £1, you put forward the £250 - the potential winnings to the backer - if Jimmy doesn't win, you get back you £250 plus the £1 that was staked on him to win it.

Laying at long odds is a right faff for not much return as you need such a big balance in your account to cover it, where it really pays off is on short odds or odds on bets, for example, laying a 1/2 bet means you only have to put forward half the stake, then if the bet loses, you double your outlay.
 
How does this laying work? I like the odd bet, but never got into that part, I think it is a good shout what you are saying like.
You basically bet against it happening

Let's say market is 250-300. You bet on him to win at 250. Or you can lay at 300

Bet at 250 would give you 500 profit or if you lay 2 quid at 300 you have to pay out 600 if he actually wins! And gives you only 2 quid profit

In this case you bet 2 quid he wins.

The odds move down to 50-75

You then lay at 75 for 4 quid

If he loses you win 2 quid (4-2)
If he wins you win 200 quid (500-75x4)

It's basically betting for and against at different odds

If my maths is correct anyway, that's just a rough example
 
You choose the stake and put forward the potential winnings of the bet in case it wins, if the bet loses, you get that back plus the chosen stake. Example, if you back Jimmy to win SPOTY at 250/1, you put forward £1, if he wins, you win £250. If you lay Jimmy to win SPOTY at 250/1 at a stake of £1, you put forward the £250 - the potential winnings to the backer - if Jimmy doesn't win, you get back you £250 plus the £1 that was staked on him to win it.

Laying at long odds is a right faff for not much return as you need such a big balance in your account to cover it, where it really pays off is on short odds or odds on bets, for example, laying a 1/2 bet means you only have to put forward half the stake, then if the bet loses, you double your outlay.

cheers for that mate, think I just about understand it.

So basically what the OP he saying is if after you have put the 250/1 bet on, you wait till the odds have shortened....say to 50/1 and lay that?

As you say, seems you would have to put a massive lay bet on Jimmy not to win, to make any money!
 
You basically bet against it happening

Let's say market is 250-300. You bet on him to win at 250. Or you can lay at 300

Bet at 250 would give you 500 profit or if you lay 2 quid at 300 you have to pay out 600 if he actually wins! And gives you only 2 quid profit

In this case you bet 2 quid he wins.

The odds move down to 50-75

You then lay at 75 for 4 quid

If he loses you win 2 quid (4-2)
If he wins you win 200 quid (500-75x4)

It's basically betting for and against at different odds

If my maths is correct anyway, that's just a rough example
i will come back to this, late at night. far too complex for daylight hours
 
You basically bet against it happening

Let's say market is 250-300. You bet on him to win at 250. Or you can lay at 300

Bet at 250 would give you 500 profit or if you lay 2 quid at 300 you have to pay out 600 if he actually wins! And gives you only 2 quid profit

In this case you bet 2 quid he wins.

The odds move down to 50-75

You then lay at 75 for 4 quid

If he loses you win 2 quid (4-2)
If he wins you win 200 quid (500-75x4)

It's basically betting for and against at different odds

If my maths is correct anyway, that's just a rough example

Ok I get you. So you only really make money if he wins, the lay is just to cover the actual stake you have bet?
 
cheers for that mate, think I just about understand it.

So basically what the OP he saying is if after you have put the 250/1 bet on, you wait till the odds have shortened....say to 50/1 and lay that?

As you say, seems you would have to put a massive lay bet on Jimmy not to win, to make any money!
The scenario in the OP is how to arb the bet to guarantee profit whatever the outcome. So in this example, let's say you put £10 on him to win at 250/1, the laying odds then shorten to 75, you then lay him with a stake of £33.49 (admittedly with a liability of £2,478.26) guaranteeing you £21.74 if he wins and £21.82 if he doesn't. Still a lot of hassle, but a profit that's a bit more worthwhile.
 
The scenario in the OP is how to arb the bet to guarantee profit whatever the outcome. So in this example, let's say you put £10 on him to win at 250/1, the laying odds then shorten to 75, you then lay him with a stake of £33.49 (admittedly with a liability of £2,478.26) guaranteeing you £21.74 if he wins and £21.82 if he doesn't. Still a lot of hassle, but a profit that's a bit more worthwhile.

Ah I get you, so there will be times when you are guaranteed a profit, it is just about getting the best odds you can early enough, and then waiting for the lay odds to drop?

Sounds too easy on paper!
 
The scenario in the OP is how to arb the bet to guarantee profit whatever the outcome. So in this example, let's say you put £10 on him to win at 250/1, the laying odds then shorten to 75, you then lay him with a stake of £33.49 (admittedly with a liability of £2,478.26) guaranteeing you £21.74 if he wins and £21.82 if he doesn't. Still a lot of hassle, but a profit that's a bit more worthwhile.
love arbs me. if i had serious money and wanted a 2 or 3% return its possible to live off arbs
 
Ah I get you, so there will be times when you are guaranteed a profit, it is just about getting the best odds you can early enough, and then waiting for the lay odds to drop?

Sounds too easy on paper!
That's one way of doing it, but there's no guarantee, if Jimmy has 2 crap tests, his odds will lengthen and the arb opportunity will disappear. The ideal way to arb is to find bets where 1 bookie is offering better odds than betfair, back it with the bookie then lay it on betfair and guarantee profit from the outset.
 
That's one way of doing it, but there's no guarantee, if Jimmy has 2 crap tests, his odds will lengthen and the arb opportunity will disappear. The ideal way to arb is to find bets where 1 bookie is offering better odds than betfair, back it with the bookie then lay it on betfair and guarantee profit from the outset.

Yep I get you, basically shopping around for odds.
 
Now 100-250

Ok it's wide but you can now get out at the same price if you like

That's one way of doing it, but there's no guarantee, if Jimmy has 2 crap tests, his odds will lengthen and the arb opportunity will disappear. The ideal way to arb is to find bets where 1 bookie is offering better odds than betfair, back it with the bookie then lay it on betfair and guarantee profit from the outset.
They are seriously limited these days, a lot of bookies clear on betfair anyway
 
Now he has been found not guilty, Jimmy 250/1 for sports personality

Only needs 12 weeks to become our highest test wicket taker

Doubt he will win but could be worth laying later and locking in some profit

Had a cheeky fiver anyway
No f***ing chance

If Lewis Hamilton wins the F1 championship he'll be nailed on to win SPOTY. But Jimmy's got to be worth a top 3 bet, especially if he gets those 12 wickets.
He'll be fav, certainly not nailed on

Bit of a campaign behind johnny wilkinson
 
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