1. Log in now to remove adverts - no adverts at all to registered members!

Cashout on Betfair

Discussion in 'Hull City' started by Rolling_Thunder, Jan 17, 2013.

  1. Rolling_Thunder

    Rolling_Thunder New Member

    Joined:
    Dec 28, 2012
    Messages:
    558
    Likes Received:
    6
    anybody else use this? I use it like a live stock market trading tool

    last night I had a £100 treble of

    Man Utd
    Arsenal
    Barca

    In the end I was waiting for the final Barca result to come in, and I cashed out with them winning at the time, netting me a £50 profit, if id of waited i could of lost the lot, cos they drew 2-2, or won more if they had of won..

    I didn't care how the games finished, all I knew was when the profit hit £50, I was cashing out


    Really worth looking at if you are into your live betting
     
    #1
  2. cityhull

    cityhull Well-Known Member

    Joined:
    Jan 31, 2011
    Messages:
    1,315
    Likes Received:
    103
    Am I missing something as to me that sounds really poor, if your odds were 1/3, 1/2 & 1/5 you stood to win £140 for your £100 stake.
    Man U and Arsenal had already won and Barca were winning meaning the odds on them winning will have been say 1/10
    Therefore Betfair have staked £50 (the profit they gave you) to win £84 (the extra profit you would have won) and therefore got 1.68/1 on something in reality was more like a 0.1/1 chance.
    Why didn't you just lay Barca at 1/10 for £200 therefore meaning a guarantee win of £100 if they failed to win and £120 if they did win.
     
    #2
  3. Rolling_Thunder

    Rolling_Thunder New Member

    Joined:
    Dec 28, 2012
    Messages:
    558
    Likes Received:
    6
    sounds like your way advance then me in this type of betting, I was just happy to cashout at £50, that was the profit I wanted and was always gonna take that as soon as it hit
     
    #3
  4. cityhull

    cityhull Well-Known Member

    Joined:
    Jan 31, 2011
    Messages:
    1,315
    Likes Received:
    103
    Always go with what your happy taking but if you are a Betfair user and understand the laying side then that will be more profitable for you. Myself I don't use Betfair but I understand how it all works
     
    #4
  5. HullCityAFC1904

    HullCityAFC1904 Well-Known Member

    Joined:
    Nov 14, 2012
    Messages:
    2,109
    Likes Received:
    652
    Wish Id backed Laura Robson to win last night must have been good odds
     
    #5
  6. Rolling_Thunder

    Rolling_Thunder New Member

    Joined:
    Dec 28, 2012
    Messages:
    558
    Likes Received:
    6
    I looked this afternoon was 7/4 was gonna bet against her actually good job I never
     
    #6

Share This Page