What actually happens when we underlay a bet on the exchange?

W3Schools

David H

Well-Known Member
Joined
Sep 27, 2017
Messages
122
Likes
19
Points
68
Age
24
#1
I often see this on a lot of the reload offers and that is to: underlay the bet.

My only issue with this is that if I then receive the free bet because the original bet failed with the bookmaker, how do you determine the loss to deduct with the free bet when the loss is not clear with the original bet, if you catch my drift?

I.E. Ladbroke's £5 refund if England lose in the outright market, PA says to underlay the bet - so - £3.50 profit if the bet wins at bookmaker or exchange.

So, if the bet loses with Ladbrokes would the deduction from the free bet be £1.50 (£5 - £3.50) or is the free bet profit the original £3.50 won from underlaying the bet + the winnings from the free bet.

Confused!! Haha.

Thank you!
 

disneygirl

Well-Known Member
Joined
Jun 10, 2015
Messages
447
Likes
140
Points
173
#2
Well don't underlay the ladbrokes offer!! you will lose money or make very little as its pretty certain the exchange bet will win. Use the bonus lock in calculator. I actually overlayed so will make profit from exchange and still get free bet.
 

David H

Well-Known Member
Joined
Sep 27, 2017
Messages
122
Likes
19
Points
68
Age
24
#3
Well don't underlay the ladbrokes offer!! you will lose money or make very little as its pretty certain the exchange bet will win. Use the bonus lock in calculator. I actually overlayed so will make profit from exchange and still get free bet.
Thanks for responding disneygirl. I was just following the PA guide.

When should someone ideally use the bonus lock in calculator?
 

homie

One of the finest Matched Betting helpers around!
Joined
Oct 16, 2016
Messages
941
Likes
275
Points
183
#4
I often see this on a lot of the reload offers and that is to: underlay the bet.

My only issue with this is that if I then receive the free bet because the original bet failed with the bookmaker, how do you determine the loss to deduct with the free bet when the loss is not clear with the original bet, if you catch my drift?

I.E. Ladbroke's £5 refund if England lose in the outright market, PA says to underlay the bet - so - £3.50 profit if the bet wins at bookmaker or exchange.

So, if the bet loses with Ladbrokes would the deduction from the free bet be £1.50 (£5 - £3.50) or is the free bet profit the original £3.50 won from underlaying the bet + the winnings from the free bet.

Confused!! Haha.

Thank you!
Its England. Just lay the full amount!!!
 

disneygirl

Well-Known Member
Joined
Jun 10, 2015
Messages
447
Likes
140
Points
173
#7
I find the bonus lock in easier to see the different outcomes, rather than just using "SNR", If the odds are far apart I find it doesn't make much as money back if the bet loses imo.
 

TMSPRESTO

TotallyBlogging

Members online

No members online now.

Forum statistics

Threads
4,748
Messages
136,014
Members
7,005
Latest member
DavidLoader91

Latest profile posts

Jon
It's Nearly Black Friday woop woop!
Making a bubble wrap sandwich.
Squeezing bubble wrap bits in a One Direction mug.
Matched betting going well.. i'm in profit but running short of funds (oh the irony!)
Getting a bit fed up of the grey cloud and rain now.