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!
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
[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).
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!