confused...AGAIN!!

JoannaF

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I feel really embarrassed asking this question, as i know its probably obvious!!...but for some reason got a brain block!!...

My free bet on Betfred and Betfair has just settled. The offer on PA was bet £10 get £30 free bet. I worked out on the calculator that if betfred win i make £20.59 if betfair win its £20.60!!!.....

So just checked my Betfair account and ive got the £21.69 lay stake back.....so im just wondering why i didnt get back £20.60 (the amount on the calculator)......I bet on the draw by the way.....

i just cant quite get my head around this, can someone please through some light?......

Many thanks
 

Jon

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let me just call the Bat Symbol to help you

[member=2431]Uhhhhh[/member]
 

jkg-jkg

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Which match was it? It may have been postponed and therefore both bets would be returned.
 

JoannaF

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it was valencia v eibar...last nights game
 

BoostMyBudget

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Do you mean why did you get back more than expected? Have you taken the Betfair commission into account? The commission is listed as a separate line item in your account statement. Check your account statement and there should be a small figure in the DR column above your £21.69 in the CR column. Take away the commission from your winnings to see your actual profit. Hope this makes sense!
 

Uhhhhh

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[member=5763]JoannaF[/member] If the post above this one hasn't helped you to figure it out then just post a screenshot of your account statement (block out your username etc) and we'll try to see what could've happened.

Do you mean that you only got the liability returned without profit? Or that you got more profit than expected?
 

JoannaF

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hi, thanks for all your help....yes i think i didn't take off the commission so it was slightly more than i expected, but about what i calculated!!....
i'm sure as i go on i will find this easier....numbers was never my strong point :-\....
 

jkg-jkg

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I would strongly suggest checking this page out http://blog.themoneyshed.co.uk/ultimatcher-beginners-guide/ . I use this and it is good for keeping a log of all your bets, showing you the calculations, and showing you what your balance should be at the bookies and exchanges. This last one is very good as a sanity check in the situation you described. The basic guide on that page is very good but if you have further questions you can always post questions in the main MB thread here https://www.themoneyshed.co.uk/index.php?topic=5338
 

BoostMyBudget

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I'm not great with numbers either but just keep working through the bets and it does very slowly start to make more sense! I've been doing it a few months now and I still seem to lose track of a few pence here and there, but I don't worry too much because I know I'm making loads overall!
 

jkg-jkg

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BoostMyBudget said:
I still seem to lose track of a few pence here and there
This is not you. The bookies are using fractional odds, so sometimes the rounding to get it to decimal does not give exact results. If you lay on more than one outcome on a game then you can get some benefit on the exchange as well, but as you say as long as it is a few pennies it doesn't matter
 

BoostMyBudget

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jkg-jkg said:
BoostMyBudget said:
I still seem to lose track of a few pence here and there
This is not you. The bookies are using fractional odds, so sometimes the rounding to get it to decimal does not give exact results. If you lay on more than one outcome on a game then you can get some benefit on the exchange as well, but as you say as long as it is a few pennies it doesn't matter
Ahhh that makes sense. Good to know! Yeah, it's literally just a few pennies so I am happy to let it go. Thanks for the explanation!
 

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