QuoteNopeOriginally Posted by gustavo
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Am I the only one who didnt understand 90% of what JW and Dodge were talking about?!
Nope
Life without Rovers, it makes no sense...it's a heartache...nothing but a fools game. S.R.F.C.
I'm sure the other 10pc made it worthwhile
'tis a debate that will resurface every now and again.
When, if ever, to green out?
France 1 up after a half hour of the World Cup final springs to mind, eh JW? Expensive holiday.
ONE CITY, ONE TEAM.
Yes indeed
Never green out. Ever. The mantra is you must take the value and you must keep the value.
I would occassionally back all sides of one event, but only if I was backing them all at a greater price than their true odds.
www.WalkTheChalk.com - Stats, Opinion & Bluster on Irish Club Football
I wouldn't say "never" - if it's a value lay, ie - but generally it's not advisable.
But then you're into the trading v gambling debate. I'm happy enough with my strategy...
BTW didn't lay off unders in Bolton game earler. Wish I stuck to my principles now
54,321 sold - wws will never die - ***
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I'm not so sure,back high lay low works for a lot of people,some times its mad not to like when you back a 33/1 shot who comes into 3/1,you're saving your stake and a free 30/1 bet.
It's a quicker gratification to lay off a value position, but unless you are taking more value when trading out all you are doing is undermining your original value bet. For those who see a good position out to the last the payouts will be less frequent, but they will undoubtedly be more rewarding.
Regardless of whether you are backing or laying (they are the same thing anyway - it's just perspective) the ONLY thing that matters is 'are you getting a better price than the true odds?'.
Last edited by el punter; 04/03/2007 at 6:32 PM.
www.WalkTheChalk.com - Stats, Opinion & Bluster on Irish Club Football
I lay off as I like to trade on loats of matches on Saturdays/Sunday and if I lay one off at 1.1 I can use the stake elsewhere
I like working with a small bank and make best use of it
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Spot on. An insistence on "greening" is chronically bad gambling.
Can any1 tell me wat a lay is??? sorry but im new to all this!!!
nui-harp, it's basically the very opposite to having a bet. If I back Galway United to beat Sligo, I am hoping Galway United beat Sligo; if I lay Galway United to beat Sligo, I am hoping Galway United DO NOT beat Sligo.
Laying is a bet that something won't happen.
By the way, I will be hoping that Galway United beat Sligo
in general - yes
in running football NOT always.
the reactions after a goal has been scored in football matches on an exchange can be so outlandish that it is possible to have got value backing something beforehand and still laying it or vice versa on an exchange during a game .
The price rarley reflects the true odds of an event happening during reactions to goals etc
Well an insistance on not "greening" is chronically bad trading then...
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Why would anyone lay a bet so, what are it's advantages? Also, what's greening?
Life without Rovers, it makes no sense...it's a heartache...nothing but a fools game. S.R.F.C.
There's different types of laying bets.
1) In a game between Liverpool and Man U, you might think that there's no way Liverpool are going to win, so you'd lay them. In effect you're backing both the draw and Man U. As long as liverpool don't win, you win. Obviously you don't get as good odds as backing Man U or the draw, but either outcome will do. In a match with no draw, say tennis, you might want to lay one player as there are marginally better odds than backing the other player.
2) In a tournament bet or horse race, you might lay the favourite. In effect, you'd be backing the rest of the field.
3) If you backed a team to win with €100 @ 2/1 and they go one nil up, there in play odds will be slashed to say 1/2 (depending on time etc, etc). You may wish to lay them that team at this price, ensuring that you won't lose your stake. Instead of winning 200, you'd win 150 but you're safeguarding your 100 stake
On betfair, your potential profit on any market is marked in green on that particularly page. Your potential liabilty is marked in red.Also, what's greening?
A few weeks ago I backed Athletico Madrid at 2.4 with €20. When they scored their price dropped to 1.2. I layed them for €40 (The backer would be putting 40 on them to win, my liability would be €8). It meant that I would win €20 no matter what the outcome of the game. I was "all green"
Last edited by Dodge; 05/03/2007 at 1:03 AM.
54,321 sold - wws will never die - ***
---
New blog if anyone's interested - http://loihistory.wordpress.com/
LOI section on balls.ie - http://balls.ie/league-of-ireland/
Ahh, I assumed the 'green' referred to dollars.
We're not arrogant, we're just better.
Laying the bet is effecively being the bookmaker in the traditional sense, the bookmaker wins when the you (the punter) lose. On betting exchanges you can be be the bookmaker and lay bets as well as back horses to win.
Anyway the best way to win is not to bet at all, you will never beat the 10%-20% profit margin the bookmaker makes at least not unless you are involved in some sort of cheating, and apparently plenty of that goes on in horse racing and maybe football too. So you have to beat the bookmakers margin and the money the cheats take out of the game too!!
With the ability to lay horses now there is too much oppertunity for cheating
but I have yet to see the race where *all* the jockeys in a race jump off their horses before the finishing line
Last edited by tricky_colour; 07/03/2007 at 10:32 PM.
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