underpar
Midland League Division One
Posts: 431
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Post by underpar on Mar 13, 2005 20:37:06 GMT 1
Anybody use it, what do you think of it and what are the pros and cons?
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Post by stuttgartershrew on Mar 13, 2005 20:46:45 GMT 1
Its very good site is Betfair. The odds you can get are normally better than other betting sites and you can also lay bet too. You can't bet owt but singles though...so if your into Lucky15, Yankee bets etc. then its no good for you. Thats about all I know...I think one or two other B&A members use Betfair so it'll be interesting to see what they say too...
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underpar
Midland League Division One
Posts: 431
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Post by underpar on Mar 13, 2005 21:08:49 GMT 1
Thanks for that, so at the moment there is a horse called Intersky Falcon running in the champion hurdle and you can get 80/1 to lay the horse to lose-seems to good to be true.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Mar 13, 2005 21:11:24 GMT 1
Lay something at 80's and you will get £1 back for every £80 you risk (as lay means you play bookie). Doesn't sound good to me.
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Post by The beancounter on Mar 13, 2005 21:14:45 GMT 1
Thanks for that, so at the moment there is a horse called Intersky Falcon running in the champion hurdle and you can get 80/1 to lay the horse to lose-seems to good to be true. No you can bet someone it doesn't win, but you have to give them 80/1. In all probability it wont, and if you stake 10 pound you will make 10 pound profit if it doesnt win but will have to pay out 800 if it does (but it won't). Generally it is far easier to lay horses, ie offer people odds they wont win,as a lot of horses run on unsuitable ground, over unsuitable distances, in too classy a race for their ability etc etc
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Post by MarkRowley on Mar 13, 2005 21:19:50 GMT 1
A great site overall, gives you all sorts of betting possibilities, although you are usually restricted to single bets (you can do accumulators on selected Premiership & FA Cup games).
Easy enough to use, quite user friendly and the odds are generally a little better than high street bookies as it is an exchange thus is punter against other punters - you do have to remember that you pay commission on your winnings (5% to start with) although this is on your NET winnings (i.e. if you bet £10 on Town to win and draw, and either of those occurs your losing £10 stake is taken into account before the commission payment is worked out).
The lower down the football ladder you go the fewer bets you can do though - when it comes to Town you can only bet on the outcome of the match which is disappointing although hardly surprising.
You also have to remember that the odds that are quoted on a £1 stake and include the £1 as part of the calculation - i.e. a 2-1 chance is quoted as 3.
In terms of laying bets, I steer away from this as you do need a lot of cash in your account to cover your potential liability - if someone wants to bet £20 at 5-1 on an outcome which you think will never happen, it's going to need you to have £100 available to cover your planned gain, so laying is an expensive business.
A warning though - it can be addicitive and you can start trying to chase your losses like all betting - sensible use is recommended.
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underpar
Midland League Division One
Posts: 431
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Post by underpar on Mar 13, 2005 21:24:18 GMT 1
A great site overall, gives you all sorts of betting possibilities, although you are usually restricted to single bets (you can do accumulators on selected Premiership & FA Cup games). Easy enough to use, quite user friendly and the odds are generally a little better than high street bookies as it is an exchange thus is punter against other punters - you do have to remember that you pay commission on your winnings (5% to start with) although this is on your NET winnings (i.e. if you bet £10 on Town to win and draw, and either of those occurs your losing £10 stake is taken into account before the commission payment is worked out). The lower down the football ladder you go the fewer bets you can do though - when it comes to Town you can only bet on the outcome of the match which is disappointing although hardly surprising. You also have to remember that the odds that are quoted on a £1 stake and include the £1 as part of the calculation - i.e. a 2-1 chance is quoted as 3. In terms of laying bets, I steer away from this as you do need a lot of cash in your account to cover your potential liability - if someone wants to bet £20 at 5-1 on an outcome which you think will never happen, it's going to need you to have £100 available to cover your planned gain, so laying is an expensive business. A warning though - it can be addicitive and you can start trying to chase your losses like all betting - sensible use is recommended. Thanks for that, just the kind of info I needed.
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Post by goindownthewylecop on Mar 13, 2005 21:30:04 GMT 1
Also bear in mind that as well as taking commission (at 5%, less if you win often) they also make a charge for credit card payments, so you can be losing 8-10% of your money before you see it. It may be better odds than other companies but the deductions can wipe that out, depending on how much you're betting.
personally I like my accumulators so betfair isnt brilliant.
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Post by MarkRowley on Mar 13, 2005 21:35:25 GMT 1
Free £20 bet offer also available as per below link (they had this on when I joined a few months back). www.thewonderwall.com/free-betting-offers/index.phpYou have a £20 bet and then £20 is credited to your account within 48 hours. Forgot to say that the main selling point about Betfair is that you can bet in action on the big games (only Premiership/Scots Premier/FA Cup/live TV games) so if you need to cover a result to protect some winnings or you have called it wrong at start of play you can play the market to try & make sure you have a win. I seem to recall that Grinfish is an expert on Betfair, hopefully he will post some useful hints for all.
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Post by grinfish on Mar 14, 2005 8:39:35 GMT 1
Free £20 bet offer also available as per below link (they had this on when I joined a few months back). www.thewonderwall.com/free-betting-offers/index.phpYou have a £20 bet and then £20 is credited to your account within 48 hours. Forgot to say that the main selling point about Betfair is that you can bet in action on the big games (only Premiership/Scots Premier/FA Cup/live TV games) so if you need to cover a result to protect some winnings or you have called it wrong at start of play you can play the market to try & make sure you have a win. I seem to recall that Grinfish is an expert on Betfair, hopefully he will post some useful hints for all. Expert? Well, it me 6 months to get my account back in the black after Euro 2004, so does that qualify me? BLOODY FRANCE!!! IT STILL STINGS!!! My usual tactic was to bet early and heavy on an "easy winner", say , Chelsea at 1/3 (in the good old days), then after they score and the odds plummeted, put a derisory sum on the opposition at say 20/1 to cover it and pay some profit. If they scored again, or the game had about 10 minutes to go, I would cover the draw at similar odds. Live betting can be a bit of a waiting game, trying to call the layer's bluff . I got well hammered on one game where I resisted covering on Leeds to get a draw in the 89th minute, only for them to equalise. I could have got 3-figure odds, and covered my risk with a fiver. Instead I was left with the fiver, and lost a 3-figure sum
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