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Anyone understand betfair?


Scott-RFC

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Guest SandyIniesta-Nordahl

I dont

Could you lay a team to win the world cup?

Laying is when you say a selection of some sort won't win something, instead of backing it to win.

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So how would you set the bet up? What would be your stake/return?

I dont use it much mate, but as your backing against other punters it will be like

Punter A offers 2/1 on brazil to not win the WC

you : want to stake £100 pounds on this happening

however punter A only has a betfair/ bank balance of £80 meaning you could only stake £30 on it

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Betfair bump you with their commission charges IMO.

The blue column works the same as any other bookie, the pink column is when you become the bookie. Its when you think a result wont happen.

BETFAIR1.jpg

now i want to win 10 quid, i think Portugal wont win

BETFAIR2.jpg

10 quid on, but if Portugal do win i lose £4.20

BETFAIR3.jpg

you can reduce your ''liability'' how much you lose by determing your own odds ''backers odds'' but to do this you need a punter '' someone who picks the blue column'' to match your bet.

There is a thread on Punterslounge called ''slow drip feed'' i think its in the tactics area. Its extremely good reading and for me the only real way to use the ''lay'' by laying agaisnt the correct scores in games.

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I mainly use an exchange for online betting, be mad not to with the better prices. The exception being when I'm doing bookie offers. Currently using Betdaq as they have given me a 2% commission rate for a couple of months but I prefer Betfair simply because there's always more liquidity.

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