- Joined
- Aug 10, 2019
- Messages
- 4
- Points
- 23
- Age
- 55
Hi guys & gals,
I have been having a read, quite excited but struggling to get my head around the lay bet & liability. It may be that I haven't actually put a bet on at the mo, so I' haven't got all the info - i.e the total won on the slip.
I understand the qualifying bet and the loss is small.
Example - a football match tomorrow:
Bookmaker stake - £20 (Free bets)
Odds 7.50
Lay odds 8.20
Comm 5%
At 8.2 I lay £15.95 (is this what I have to put down?)
Liability £114.85
If bookies win my position is £15.15
If Exchange wins my position is £15.15
So my questions is, if the bookies wins & I lose the lay bet & liability, how am I up, if I've lost £130.00 (Lay & Liability)
I'm sure I am missing something in the tutorials.
I would like to get started, but I'm going away next Sun & money is really tight - though I could do with a bit more for hols!
Thanks for reading & any help will be approciated.
I have been having a read, quite excited but struggling to get my head around the lay bet & liability. It may be that I haven't actually put a bet on at the mo, so I' haven't got all the info - i.e the total won on the slip.
I understand the qualifying bet and the loss is small.
Example - a football match tomorrow:
Bookmaker stake - £20 (Free bets)
Odds 7.50
Lay odds 8.20
Comm 5%
At 8.2 I lay £15.95 (is this what I have to put down?)
Liability £114.85
If bookies win my position is £15.15
If Exchange wins my position is £15.15
So my questions is, if the bookies wins & I lose the lay bet & liability, how am I up, if I've lost £130.00 (Lay & Liability)
I'm sure I am missing something in the tutorials.
I would like to get started, but I'm going away next Sun & money is really tight - though I could do with a bit more for hols!
Thanks for reading & any help will be approciated.