Hollyhock64
Money Making Megastar!
homie said:The Snooker offer is a risk free bet, so you need to underlay (SNR does this). Otherwise, if you laid the full amount and the bet won you won't benefit from the risk free element.
If you underlaid all your bets, as in your question, if they lost you would have a much larger qualifying loss as there is no free bet on offer to make up the loss.
Maybe an example will help explain.
Offer - place a bet on Johnny Briggs to win - if it loses get a free bet to the value of your initial stake. (this is the same as the coral offer)
So, Bet £10 on Johnny Briggs at 5.0 to win, lay £7.72 at 5.2
As you can see we have laid less than the value of our bet. This means if little Johnny does go on to win we will pocket a profit of £7.58, thanks to the underlay, but we don't qualify for the free bet. If he loses, then we will only get our lay minus commission back (£7.56) which would normally be a loss, but thanks to the risk free offer we have a £10 free bet credited to the account which will bring us back into profit once used.
When offers aren't connected to the bet losing then there is no need to underlay and doing so risks losing money if the bet doesn't win, much more so if the odds are wide.
Compare this to the Bet365 4/1 horses offer which rewards a free bet if it wins, rather than loses. If we underlaid this offer we would always lose out if the bet loses. In fact, we should overlay this one to cover commission as the extra money we pay from the exchange will be covered by the free bet.
So it depends on the nature of the offer
Not sure how well I explained that
Thanks for that. Just when I think I understand it I find that I actually don't understand it at all. What does underlaying mean? I thought you put it under your carpet!