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.
Betfair promotion
- anormal1992
- Has experience
- Karma: -9
Post
Re: Betfair promotion
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 
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.- fnatic91
- Pro
- Karma: 10
Post
Re: Betfair promotion
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.
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.
- tarzan
- Has experience
- Karma: 5
- Rufus
- Gaining experience
- Karma: 11
Post
Re: Betfair promotion
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.
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 edited by Rufus on Fri Jan 17, 2014 7:14 pm, edited 1 time in total.
- fnatic91
- Pro
- Karma: 10
Post
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
Re: Betfair promotion
whatttt ??Rufus wrote: 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.
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
- Rufus
- Gaining experience
- Karma: 11
Post
Re: Betfair promotion
Dude, my calculations are right. Maybe I didn't explain it clearly. I meant your liability must be 100 euros when laying city.
- fnatic91
- Pro
- Karma: 10
Post
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.
Re: Betfair promotion
READ CAREFULLY TERMS AND CONDITIONSRufus wrote: 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.
When you lay ,you are not risking your stake, but your risk is your liability.This means*Risk means the stake of a back bet or liability of a lay bet.
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.
- fnatic91
- Pro
- Karma: 10
Post
Re: Betfair promotion
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.Rufus wrote: Dude, my calculations are right. Maybe I didn't explain it clearly. I meant your liability must be 100 euros when laying city.
Lay 100 euros on man city for 1.15
- Rufus
- Gaining experience
- Karma: 11
Post
Re: Betfair promotion
Yes, I said it wrong, but I meant it right. I modified my post so nobody bets it wrong 
- fnatic91
- Pro
- Karma: 10
- Rufus
- Gaining experience
- Karma: 11
Post
Re: Betfair promotion
I know, thank you for correcting me. And sorry for spamming... I'm done here 
- ppintaluba
- Pro
- Contact:
- Karma: 42
- Location: Uruguay
Post
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)
Re: Betfair promotion
fnatic91 wrote:READ CAREFULLY TERMS AND CONDITIONSRufus wrote: 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.
When you lay ,you are not risking your stake, but your risk is your liability.This means*Risk means the stake of a back bet or liability of a lay bet.
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 edited by ppintaluba on Fri Jan 17, 2014 7:29 pm, edited 1 time in total.
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