£75 to win the cup

[J0hnboy]

I've got £75 on Sunderland to win the FA Cup at the start of the 3rd round at 40/1. Not looking too bad now is it?

However, I could do with a few spread betting tips.

Educate me SMB.

[Father Jack Hackett]

MON next Pope

[redalert69]

ya shudda put 73 quid on marra

[3.142]

Bet on us to lose in as many games as we play. £1000 each time.

[The Bucks Stops Here]

Get on a betting exchange and lay it off to guarantee a profit-something like this.

You have £75 at 40/1 therefore IF we win, you get £3000. If we don't win, you get nowt.

I saw we are at 7/1 for the cup now. If you LAY us on a betting exchange for £300 the sums are a bit like this

If we win you get £3000-£2100 (£300 layed at 7/1) = £900

If we get knocked out you get £300 (profit on your lay bet) - £75 (your original stake) = £225

So you can't lose either way-I think that's how it works-the wise SMB will confirm this however.

I would lay off the bet to guarantee a profit, never a bad thing.

[Crammers]

Originally Posted by J0hnboy

I've got £75 on Sunderland to win the FA Cup at the start of the 3rd round at 40/1. Not looking too bad now is it?

However, I could do with a few spread betting tips.

Educate me SMB.

Fucking hell and I thought I was daft putting a tenner on. Looking a decent bet now.

[boozer]

Lay it off if we get to the semis! Canny bet but make sure you win some cash either way

[Icarebecauseyoudo]

Originally Posted by The Bucks Stops Here

Get on a betting exchange and lay it off to guarantee a profit-something like this.

You have £75 at 40/1 therefore IF we win, you get £3000. If we don't win, you get nowt.

I saw we are at 7/1 for the cup now. If you LAY us on a betting exchange for £300 the sums are a bit like this

If we win you get £3000-£2100 (£300 layed at 7/1) = £900

If we get knocked out you get £300 (profit on your lay bet) - £75 (your original stake) = £225

So you can't lose either way-I think that's how it works-the wise SMB will confirm this however.

I would lay off the bet to guarantee a profit, never a bad thing.

This.

But the OP would have to pay nearly 3k in betfair to cover his lay, which could well put him off.

And the £300 win on bf would be subject to 5% commission

And also you can only lay at 8/1 and above, rather than the 7s

Will come down a bit if we get a home tie today and avoid Spurs

[tynevalleyblackcat]

I used to do a bit of matched betting to bag bookies opening offers and I have a back/lay spreadsheet for working out the optimum amounts give or take a few pence either way.

You can currently get lay odds of 8.4 (7.4 to 1) on Sunderland on Betfair, so if the OP took those odds and put £368.25 on it, he would effectively guarantee a return of £275 on the bet. Drawbacks are that in order to lay £368.25 at 8.4 on betfair, he would need £2726 in his account and at the moment there is not enough liquidity at 8.4 and he would have to lay some at higher odds resulting in a lower return and an even bigger balance to cover the lay.

If I was in his shoes I would lay some of it to cover at least the initial stake.

[yossarian31]

wait until the semis if we get there and lay off your bet using the method above