Going green on betfair

[DmanDmythDledge]

Still a betfair n00b so unsure of how to do this properly.

I've backed Dundalk@3.95. Option to lay them now@3.8. How do I do this properly?

[Dodge]

Still a betfair n00b so unsure of how to do this properly.

I've backed Dundalk@3.95. Option to lay them now@3.8. How do I do this properly?

Well it depends if you want to have green on all outcomes.

In Your example above if you backed Dundalk with €100 @ 3.95, leaving you with profit of €295 if they won, and a loss of €100 if they didn't

If you laid them for €101 @ 3.8, you'd have a liability of €282.8 if the lost and a profit of €101 if they didn't

These combined would give you an "all green" total of €12.2 if Dundalk win, and €1 if its a draw or a Dundalk loss

You could lay off you stake (€100 @ 3.8) which would see have no profit/loss on loss/draw and €15 profit on Dundalk win

---

Where trading really works is in play betting. If you back Dundalk and they go a goal up, their price plummets and you lay off for nice profit regardless of result (Tennis is unbelievable for trading)

[MariborKev]

Well it depends if you want to have green on all outcomes.

In Your example above if you backed Dundalk with €100 @ 3.95, leaving you with profit of €295 if they won, and a loss of €100 if they didn't

If you laid them for €101 @ 3.8, you'd have a profit of €282.8 if the lost and a profit of €101 if they didn't

These combined would give you an "all green" total of €12.2 if Dundalk win, and €1 if its a draw or a Dundalk loss

You could lay off you stake (€100 @ 3.8) which would see have no profit/loss on loss/draw and €15 profit on Dundalk win

---

Where trading really works is in play betting. If you back Dundalk and they go a goal up, their price plummets and you lay off for nice profit regardless of result (Tennis is unbelievable for trading)


Aye,

My "betting" consists exclusively on in play trading. I mostly trade on the total goals market, as there is a buffer. Doesn't prevent something going wrong, ie I lost €400 or so do to three goals in three minutes in the Lillestrom v Start game during the week there.

One small correction "If you laid them for €101 @ 3.8, you'd have a profit of €282.8 if the lost and a profit of €101 if they didn't"

Actually, you'd have a liability of €282.8 if they lost.

[Dodge]

Yeah, sorry. Changed that now.

I mainly trade on the 2/5 goals market in football. Have been known to dabble in other markets mind ;)

Tennis and the US sports are my other main interests

[brianw82]

Dodge, do you have an excel worksheet or something made up for doing this?

[Dodge]

Not really. I'm OK with maths though and of course you can have betfair give you the possible outcomes before the result. I can do up a spreadsheet if you want...

[MariborKev]

Brianw

I've a fairly comprehensive spreadsheet done up if you want it?

[brianw82]

@ Maribor, that'd be pretty cool. Send me a PM please.

I have something like this for accumulators, just stick in the different odds for all the bookies and the calculations are done for you.

[MariborKev]

In work ATM, then heading to Dundalk for our match.

I'll send it on tomorrow.

[eL Bettor]

Click on More Options which is just under the Refresh button/amount matched.
From this drop-down menu, tick the "Display 'what if' figure".
This will show your P/L on each outcome as you type the stake before actually submitting the bet.
Hope this helps!