So tonight is the night :o

Jon

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No worries at all, am always happy to help!!


Yup all the same

For qualifying bet set the calculator to normal

For free bets set the calculator to SNR unless instructed otherwise
 
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Zee1978

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I noticed on PA there is only coral and betfred on there. How do I use the calculator for other sites?
 

Zee1978

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Okay so onto my bet with £20 free bets. I dont want to have to put in any more to betfair (just topped up another £5 anyway) the odds on oddsmatcher for Poignant at 14.00 Ayr is 2.78 but on the actual betfair site its 2.76 in pink, and 2.78 in white. which one do I click?
 

Jon

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the pink one

the free trial of PA has a bit of a delay on oddsmatcher which is why you might find the odds not always correct

I would put more into the betfair exchange if you can so that you can make more money from your £20 free bets!
 

Zee1978

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How much would you suggest?

And I assume I need to amend the calculator to say whats on the betfair website
 

Jon

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How much would you suggest?

And I assume I need to amend the calculator to say whats on the betfair website

Well if you can use odds around 4.0-.6.0 to you make more from your £20 free bet!

Yes always adjust the numbers in the calculators for the LIVE odds
 

Zee1978

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why has my 10.99 bet gone in as 2 separate ones
 

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Jon

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because the odds appear to have split at 2.76 and 2.78 - maybe the odds changed suddenly. Was there enough money in the exchange when you placed the lay bet?

It's no issue, you are going to make money no matter what the outcome ;)
 

Jon

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Okay so I done my free bets with Coral on a horse at ayr at 2pm, lay off on betfair. I know I should have made more of the free bets, but the money ear marked to put in betfair to cover my liability had to be used on something else.

How is this for my qualifying bet and placing of first £20 free bet with coral .....

Paid in - Coral £5 to get free bets
Paid in - Bet Fair £15

Total in Bet Fair Now - £30.16

Profit - £10.16

All looks fine to me
 

Zee1978

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Nope relooking at it I dont think thats right.

DEPOSITS

- £5 Into Coral - Used as a bet for free bets
- £15 Into betfair

BETTING

- £4.97 Bet on Betfair - WON + £4.97 less fee +£4.72
- £5 Bet on Coral LOST

Free Bets on Coral LOST
- £10.99 Bet on Betfair WON + £10.99 less fee +£10.44

BALANCES

Coral £0
Betfair £30.16

How have I made money when the 2 bets I won on returned less than I even bet?

I am more confused now than when I started!
 

Jon

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You first qualifying bet made a 3op loss from what you showed last night
You then made £10.44 from the £20 free bet
 

Zee1978

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Why on betfair when I won did I get back less than what I bet though, if I win dont I win more than what I bet? Do you need some betting knowledge to understand this? Or am I being a complete thicko
 

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Jon

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Why on betfair when I won did I get back less than what I bet though, if I win dont I win more than what I bet? Do you need some betting knowledge to understand this? Or am I being a complete thicko

First bet on betfair exchange you staked £4.97 and won £14.97
2nd bet on betfair exchange you staked £10.99 and won £30.71

I would focus less on deposits and instead just concentrate on the numbers that it shows in the calculator on PA which shoes how much profit and loss you are making each bet
You win at the exchange and your bet from the bookie comes over to create your winnings
You win at the bookie and you lose your stake + liability and it end up in your winnings at the bookie
 

Zee1978

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And Im clearly not using this right, or understanding what to put in it then lol
 

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Jon

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yeah you're not

you only 2 entries so far in there should be your 30p QL loss on the qualifying bet and your £10 profit from the free bet

that's it ;)
 

Zee1978

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o_O okay! Thats as clear as mud. I must be a real wally brain. I still dont understand why my winnings came back into betfair less than what my stake was.
 

Jon

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Hey @Zee1978

I hope things are becoming a little easier for you to understand in relation to risk free matched betting
 

Zee1978

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Hi Jon, Thanks so much for checking in x thats really sweet.

I invested £35 over the 2 bookies tutorials, I lost everything on the bookies side, but my betfair account stands at £61 so made £25 on the coral and Betfred tutorials :) I understand what I am doing, didn't mess up, made a profit .... but am still clueless as to how it happened, cos I dont really understand BetFair lol but I made money so I guess I can carry on without understanding haha xx Just waiting for the OH to get paid and I can sign up and carry on x
 
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