Having a melt down!

jordsbabe

Active Member
Joined
Sep 19, 2014
Messages
69
Reaction score
0
Points
26
just a really quick URGENT question. I have put a back bet on for £5.00 and when i put the lay bet on for £5.19 it's only taken out the liability amount from the account. Is this right? Thank you in advance!
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
25,648
Reaction score
2,775
Points
283
Age
38
Location
Leeds
What odds does the PA calculator say to use for this offer and can you show me a screenshot of the exchange end please
 

jordsbabe

Active Member
Joined
Sep 19, 2014
Messages
69
Reaction score
0
Points
26
back bet of £5.00 at 1.67 and laybet of £5.19 oddss 1.66
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
25,648
Reaction score
2,775
Points
283
Age
38
Location
Leeds
That all sounds right to me

Can you show me a screenshot of the exchange transaction using snag.gy
 

Knopfler

The cleverest woodpecker in all of Yorkshire!
Joined
Jul 7, 2016
Messages
973
Reaction score
172
Points
163
Location
South Yorkshire
I'm sure someone with more knowledge will be along soon, but I think it does only take the 'liability' into account (I usually try and make sure that I have both the lay stake and liability total in the account first - just to make sure I am covered).

Also, I think it is better if the lay odds are slightly higher than the bet odds amount. Hope someone else can clarify this for you, I am still learning :)

What 'rating' did it show in PA - it needs to be around 95% - if it is 100% or over I believe that is classed as 'arbing' and not recommended.

Can [member=1]Jon[/member] correct me if I am wrong about any of this - don't want to give anyone wrong information, thanks, just wanted to reply as wanted a quick answer
 

Knopfler

The cleverest woodpecker in all of Yorkshire!
Joined
Jul 7, 2016
Messages
973
Reaction score
172
Points
163
Location
South Yorkshire
Good luck, it looks fine. It shows that it is fully matched and your figures tally with the calculator :)
 

Uhhhhh

Money Making Megastar!
Joined
Sep 21, 2015
Messages
1,248
Reaction score
4
Points
148
[member=687]jordsbabe[/member] You've done it absolutely correctly, so don't worry! When you place a bet at an exchange it will only remove the liability amount from your balance - this is because it is the amount you will lose if your bet loses at the exchange.

It can seem a bit counter-intuitive when you put a lay bet on for £5 and the liability amount is lower than the stake, but this is because the odds were very low on this particular bet (usually the liability is higher than the stake).
 

TMSPRESTO

Members online

Forum statistics

Threads
5,464
Messages
149,813
Members
8,067
Latest member
sophie17

Latest profile posts

Now have a Son in Law, and have become the 'dreaded' Mother in Law. Many congratulations to Hazel and Matt who got married on 10th August, at the Centre for Alternative Technology, Machynlleth, North Wales. It was a fab weekend away and the most unconventional but personal wedding ever!
Jon
Gah, buying more domain names again!
cashbacklover2019 wrote on PinkRoses's profile.
Just to say thanks for using my Western Union/10.00 Gift Card link :)
Jon
Messing around with Wordpress Themes FAR too late on a Sunday night!
I knew staying away from domains wouldn't last forever - just bought another one (or two)! :D