Betfair promotion

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tarzan
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tarzan

Betfair promotion
« on: January 17, 2014, 01:11:13 PM »

What is the best way to use this promotion.
Any ideas?

Place €100 or more in Exchange football bets this weekend
Get a 50% refund if you don't win, up to €50*

Tearms and conditions:

You need to risk* at least the amount mentioned in your message on football matches taking place 18/01/14-19/01/14.

Your bets must be on the Exchange.

Fixed Odds and Multiples bets do not count for the purposes of this promotion. Bets must be matched and settled to count.

*Risk means the stake of a back bet or liability of a lay bet.

What's the offer?

If you place your bets as set out above, and you make a net loss across your qualifying bets in the promotional period, we will credit you with a refund of 50% of that net loss up to a maximum of the amount mentioned in your message.

If you make a net profit on your qualifying bets, you won’t be eligible for a refund.
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anormal1992
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anormal1992

Re: Betfair promotion
« Reply #1 on: January 17, 2014, 02:28:43 PM »

back 100 euros on high stakes...for example man city under 0.5 and then lay with another betfair account. My job is done here :P.
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fnatic91
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fnatic91

Re: Betfair promotion
« Reply #2 on: January 17, 2014, 03:33:03 PM »

Back a heavy favourite (man city for example) at matchbook since they have 0% commission on soccer matches and lay at betfair.

If city wins ,you pay no commission at matchbook and you get a refund at betfair.
If city does not win , well you loose a little by paying commissions at betfair , but thats why you have to lay a heavy favourite at betfair with  the intention to loose at betfair.
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tarzan
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tarzan

Re: Betfair promotion
« Reply #3 on: January 17, 2014, 06:06:17 PM »

The problem is that I get 50% return not 100%!
That is a catch!
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Rufus
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Rufus

Re: Betfair promotion
« Reply #4 on: January 17, 2014, 06:20:31 PM »

Lay 668 euros on man city, so your liability is 100 euros at 1.15. Back city for 600 euros at SBO at 1.14.

City wins -> you win 684 + 50 euros refund = 734. Your total stake was 700, you have 34 euros profit.
City doesnt win -> you win  aprox. 633 (depending on your comission) at betfair. You lost 600 at SBO, you have 33 euros profit.

You're welcome.
« Last Edit: January 17, 2014, 07:14:35 PM by Rufus » Logged
tarzan
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tarzan

Re: Betfair promotion
« Reply #5 on: January 17, 2014, 06:22:21 PM »

Thanks bro
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fnatic91
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fnatic91

Re: Betfair promotion
« Reply #6 on: January 17, 2014, 07:01:56 PM »

Lay 100 euros on man city for 1.15. Back city for 600 euros at SBO at 1.14.

City wins -> you win 684 + 50 euros refund = 734. Your total stake was 700, you have 34 euros profit.
City doesnt win -> you win  aprox. 633 (depending on your comission) at betfair. You lost 600 at SBO, you have 33 euros profit.

You're welcome.

whatttt ??

City wins - your calculations are correct
City does not win - you win 100 EUR at betfair , you loose 600 EUR at SBObet.

You should do this :

Lay 670 EUR @ 1.15  at betfair ( you liability  is 670 * 0.15 = 100 EUR )
Back 670 EUR @ 1.14 at SBObet (potential winnings are 670 * 0.14 = 94 EUR)

If City wins --> You win 94 EUR at SBobet , you get 50 EUR refund at betfair , you loose 100 EUR at betfair , so you win a total of 44 EUR
If city does not win ---> You loose 670 EUR at SBObet , you win 670 EUR at betfair , you get no refund , you pay 7% commission (my country)  at betfair ,which is 7% * 670 = 47 EUR.Your total loss is 47 EUR

Basically , this is gambling : You are betting on City to win , risking 47 EUR to win 44 EUR , which means that you are getting Man city with approx odd @ 2.00 while the market price of City is 1.14
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Rufus
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Rufus

Re: Betfair promotion
« Reply #7 on: January 17, 2014, 07:05:23 PM »

Dude, my calculations are right. Maybe I didn't explain it clearly. I meant your liability must be 100 euros when laying city.
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fnatic91
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fnatic91

Re: Betfair promotion
« Reply #8 on: January 17, 2014, 07:07:53 PM »

Lay 100 euros on man city for 1.15. Back city for 600 euros at SBO at 1.14.

City wins -> you win 684 + 50 euros refund = 734. Your total stake was 700, you have 34 euros profit.
City doesnt win -> you win  aprox. 633 (depending on your comission) at betfair. You lost 600 at SBO, you have 33 euros profit.

You're welcome.

READ CAREFULLY TERMS AND CONDITIONS 

Quote
*Risk means the stake of a back bet or liability of a lay bet.

When you lay ,you are not risking your stake, but your risk is your liability.This means
 his  liability should be 100 EUR in order to get 50 EUR refund.If he lays 100 EUR @ 1.15 , then his liability is 15 EUR and he will get 7.5 EUR as a refund.

When you back , your risk is your stake ,so you must stake 100 EUR to get a 50 EUR refund.
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Rufus
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Rufus

Re: Betfair promotion
« Reply #9 on: January 17, 2014, 07:10:43 PM »

Read above.
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fnatic91
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fnatic91

Re: Betfair promotion
« Reply #10 on: January 17, 2014, 07:12:23 PM »

Dude, my calculations are right. Maybe I didn't explain it clearly. I meant your liability must be 100 euros when laying city.

This is what you have written man.Lay and liability are not the same , but anyways i know that you know it , just you wrote it wrong.

Quote
Lay 100 euros on man city for 1.15
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Rufus
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Rufus

Re: Betfair promotion
« Reply #11 on: January 17, 2014, 07:15:56 PM »

Yes, I said it wrong, but I meant it right. I modified my post so nobody bets it wrong  ;)
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fnatic91
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fnatic91

Re: Betfair promotion
« Reply #12 on: January 17, 2014, 07:16:09 PM »

Read above.

I was typing the text when you posted it :)
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Rufus
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Rufus

Re: Betfair promotion
« Reply #13 on: January 17, 2014, 07:19:46 PM »

I know, thank you for correcting me. And sorry for spamming... I'm done here  :D
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ppintaluba
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ppintaluba

Re: Betfair promotion
« Reply #14 on: January 17, 2014, 07:21:34 PM »

Lay 100 euros on man city for 1.15. Back city for 600 euros at SBO at 1.14.

City wins -> you win 684 + 50 euros refund = 734. Your total stake was 700, you have 34 euros profit.
City doesnt win -> you win  aprox. 633 (depending on your comission) at betfair. You lost 600 at SBO, you have 33 euros profit.

You're welcome.

READ CAREFULLY TERMS AND CONDITIONS 

Quote
*Risk means the stake of a back bet or liability of a lay bet.

When you lay ,you are not risking your stake, but your risk is your liability.This means
 his  liability should be 100 EUR in order to get 50 EUR refund.If he lays 100 EUR @ 1.15 , then his liability is 15 EUR and he will get 7.5 EUR as a refund.

When you back , your risk is your stake ,so you must stake 100 EUR to get a 50 EUR refund.

At lay odds 1.15, you should lay 666.67 to win 100. The formula to transform lay odds into back odds is: 1 + 1/(lay_odds-1).
Lay odds 1.15 => back odds 7.667. 100 EUROS at 7.667 = 766.67. Minus the risk (100) you get the 666.67 to lay.
After that you must also consider commission, to know how much to bet on the bookmaker (opposite bet)
« Last Edit: January 17, 2014, 07:29:51 PM by ppintaluba » Logged

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