- This topic has 2 replies, 1 voice, and was last updated 10:28 pm , 15/03 by
JohnVDenley.
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JohnVDenley
Just doing my first bets and I was looking at a situation where I have a £5 free bet at 3/1 (on Coral) so I would win £15 but the odds on BetFair were 5/1 so my liability on £5 would have been £20, so instead I staked £3 & my liability was £12 <br /><br />Did I do that right?
Seems to me like if the horse wins I get £15 at Coral and if it Loses I get £12 at BetFair<br /><br />As the Coral Bet is a free bet I win either way, but obviously, if I was using my own money to bet and the horse lost, then I would have lost my £5 but won £12, so I would still win £7 right?<br />If I was using my own money and the horse WON then I would make £15, but I would lose £12 so I would be net up £3
So the Betfair bet returned £3 so I DID make a profit, but not as much as I expected, so this is trickier than I thought to work out…
So what odds am I getting if the horse loses on Betfair (so I “win” the bet) and I have backers odds at 14?? I’m struggling to get my head around this as you can tell!
AH, OK I get it now….on BetFair I basically get my stake back if I “win” the lay bet
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