JChrist
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re:place betting - 2006/10/23 06:36
Well done. With computers, and using a program such as Outlook Express, when we reply it automatically puts a mark, usually a ">" (great than) at the beginning of every single line so it's easy to reply and snip any irrelevant points. Also once we have read a post we can hide all read posts after reading them. I'm sure most people do that (I certainly do) as I don't want to read any post twice unless I really have to.
Let's first assume I'm able to lay at these prices (in practice you have to lay at a progressively bigger price so that you might have to lay the 22/1 shot at well over 30/1). Also let's assume a liability of 100 (pounds, dollars or anything you want). I'm changing the first price to evens so you can see the progression.
If it loses I'll win 16.67 - if wins I'll lose 100.
So in every case if any of the horses wins I'll always lose 100. So I'll only put the amount I win from now on.
I wouldn't lay this even if I was the only one who knew it only had 3 legs
AND I was using your money.
I believe we have one exchange that will allow you to do it. You have to be offshore to bet with Betfair. If you are going to bet with any exchange make sure all clients' money is "ring-fenced".
I think this is a common mistake made by people all over the world, whether backing or laying. They look at the favourites price and, just because it is short, assume it is far too short. So they look elsewhere for the bet (or lay it because of the price). It could be that the 2/5 favourite is actually a 1/5 shot so you have a cracking bet.
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