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.
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