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Football betting and odds, discussion and other gambling stuff

The Boy said:
If you place, say, a £10 stake @ 9/1 you will win £90.00. If you lay the same stake at, say, 8/1 you will pay out £80.00. The £10.00 difference is your profit. If the selection loses then you break even (ignoring commission for now).

You can back and lay at prices and volumes that would allow you to guarantee a profit regardless of the outcome.
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So LeslieB using this example. You can back the horse at 9/1 with £100 and return either £1000 or lose £100
If you then lay the same horse at 8/1 for £111.11, you get £111.11 if the horse loses or pay out £988.89 it it wins.

So if the horse wins you Get £1000 but pay out £988.89 = £11.11 profit
Horse loses you lose £100, but get £111.11 = £11.11 profit

Although with the 5% commission that betfair charges, you prob only end up with about £6.10.
 
Had my first winning bet in aeons with an Arsenal win and Chelsea/United both to score double on Sunday. 3/1.
 
ffsear said:
So LeslieB using this example. You can back the horse at 9/1 with £100 and return either £1000 or lose £100
If you then lay the same horse at 8/1 for £111.11, you get £111.11 if the horse loses or pay out £988.89 it it wins.

So if the horse wins you Get £1000 but pay out £988.89 = £11.11 profit
Horse loses you lose £100, but get £111.11 = £11.11 profit

Although with the 5% commission that betfair charges, you prob only end up with about £6.10.
Click to expand...
Have a look at matchedbettingblog where the blogger makes good guaranteed money on arbs using bookies offers. Not something I can be fucked dong myself even if I had the time.
 
I've got a £5 free bet on Betfair, so I am asking the arguing idiots on this thread what I should bet on.
 
Almeria v lugo
Huesca v Girona
Mafra v Sporting Braga 2
Chievo v Sassuolo.

Playing sat and sunday.

All to draw, 77/1
 
ffsear said:
I appear to have cocked up this up. Looks like i've bet on Liverpool to score first and Saints to beat swansea (but thats not till next week!) God knows how i've done that but will leave it open anyway as I quite like the odds for the given event.
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This one came in, was open over 2 weekends. So £+123
 
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ffsear said:
This one came in, was open over 2 weekends. So £+123
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Great. Can you explain the odds and name the bookmaker so I can use them? Its just that Southampton were around 6/4 for that game. Which, @£16, gives £40. So to make £123 profit on that bet you need odds of around 5/2 for Liverpool to score first against Sunderland. Liverpool, the home team, against the shitty relegation-facing Wearsiders. 5/2. In a 3 horse race. I want to use that bookie.

Help me out here.
 
planetgeli said:
Great. Can you explain the odds and name the bookmaker so I can use them? Its just that Southampton were around 6/4 for that game. Which, @£16, gives £40. So to make £123 profit on that bet you need odds of around 5/2 for Liverpool to score first against Sunderland. Liverpool, the home team, against the shitty relegation-facing Wearsiders. 5/2. In a 3 horse race. I want to use that bookie.

Help me out here.
Click to expand...

Betfair

ffsear said:
My bets for the weekend

View attachment 83092
Click to expand...
 
That isn't showing what you exactly bet on. There is no way Liverpool were anything like 5/2 to be the first scorer in that game. I'm interested in what your double really involved.

ETA You said a 'profit' of £123. Again, that isn't what your bet slip shows. It shows a potential RETURN (including stake) of £123. So if Southampton were around 6/4, your other bet involved a price of around 2/1. Liverpool were not 2/1 to score first in that game, they were odds on. Do you know what you actually bet on? Did you perhaps bet on Liverpool to score first AND win? Can you show us the winning slip from Betfair?

Thanks.
 
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planetgeli said:
That isn't showing what you exactly bet on. There is no way Liverpool were anything like 5/2 to be the first scorer in that game. I'm interested in what your double really involved.

ETA You said a 'profit' of £123. Again, that isn't what your bet slip shows. It shows a potential RETURN (including stake) of £123. So if Southampton were around 6/4, your other bet involved a price of around 2/1. Liverpool were not 2/1 to score first in that game, they were odds on. Do you know what you actually bet on? Did you perhaps bet on Liverpool to score first AND win? Can you show us the winning slip from Betfair?

Thanks.
Click to expand...


Sorry it was Liverpool first goal at 1.4 and Southampton to win and keep a clean sheet 6.3.
 
I'm sure there's some form of software that lets you track all the money you spend and all the money you receive from betting. Back when I played poker it would show me things like this. Why not do the same?
november.jpg


(you need a much bigger sample size in poker to tell if you're any good, but hey it's a start)
 
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