Betfair bets

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Cenarsaz
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Cenarsaz

Betfair bets
« on: August 02, 2014, 10:59:34 PM »

Hey guys!

I have a stupid question, sorry to ask.

I use Betburger alert service and cannot understand, how to make Double Chance bets there? There were plenty of arbs "1X-2" and I just can't find them at Betfair site.

Glad to join you people. Thanks for answers.
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cristi13
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Re: Betfair bets
« Reply #1 on: August 02, 2014, 11:11:35 PM »

1x = lay 2
In the betburger pop-up you have lay odds as well, under 1x
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Cenarsaz
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Re: Betfair bets
« Reply #2 on: August 03, 2014, 01:47:32 AM »

Ok, so right now there is an arb:

1 = 1.286 ($177)

X2 = 5.348 ($45)

Total 222; Profit 5,5 both ways.

Lay = 1.230 (It offers me $196 bet)

These numbers just don't settle well in my head.

Could someone explane for "special people" please? Much obliged.



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ppintaluba
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Re: Betfair bets
« Reply #3 on: August 03, 2014, 02:31:14 AM »

It depends on your betfair commission. Assuming 6.5%

177 @1.286 = 227.62
45 @1.230 (Lay) = 240.65. Less 6.5% = 227.93 (You have to risk 45)

You bet 177+45 = 222. You win more than 227 in any case.

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Cenarsaz
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Cenarsaz

Re: Betfair bets
« Reply #4 on: August 03, 2014, 02:42:41 AM »

Tnx mate. Will try to understand this now.
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doncht
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Re: Betfair bets
« Reply #5 on: August 24, 2014, 02:58:14 PM »

Quote
177 @1.286 = 227.62
45 @1.230 (Lay) = 240.65. Less 6.5% = 227.93 (You have to risk 45)

You bet 177+45 = 222. You win more than 227 in any case.

Got it. And thank you. This clears out a lot of confusion for me.
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ppintaluba
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ppintaluba

Re: Betfair bets
« Reply #6 on: August 24, 2014, 03:17:23 PM »

Quote
177 @1.286 = 227.62
45 @1.230 (Lay) = 240.65. Less 6.5% = 227.93 (You have to risk 45)

You bet 177+45 = 222. You win more than 227 in any case.

Got it. And thank you. This clears out a lot of confusion for me.

You are welcome  :)
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