Having a melt down!

jordsbabe

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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

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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

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back bet of £5.00 at 1.67 and laybet of £5.19 oddss 1.66
 

Jon

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That all sounds right to me

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

Knopfler

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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

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Good luck, it looks fine. It shows that it is fully matched and your figures tally with the calculator :)
 

Uhhhhh

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[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).
 

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