: Tue May 19, 2009 4:31 pm  

The Leyther wrote:

Could anyone explain to me what 'lay' betting is on Betfair (I think it is). People seem to talk about it quite a lot but I can't seem to grasp the context of it.

Sure.

Laying a horse/dog/team is betting on it to lose. It's the opposite of backing and essentially involves you being the bookmaker.

For example - I fancy Manchester United for the Premiership next season whilst you think they won't win it.

I want to back them at 2/1 for £5 and you want to lay them at 2/1 for £5.

Your liability will be £10 (the amount you lose should Manchester United win the Premiership) whilst your potential profit will be £5 (the amount you win if any other team wins the Premiership).

It's the same with horses, rugby league etc I might want to back Saints to beat Leeds by more than 8 points and you might want to lay them.

It's you being the bookmaker rather than the punter and Betfair get around it by a) being offshore and b) running an "exchange" platform of Punter A betting against Punter B.

Martin

: Tue May 19, 2009 5:58 pm  

Might be totally off the mark but have a hunch Richard Taylor may be the next speaker of the House Of Commons.

Independant MP and not tainted by the expenses row. Would be a safe pair of hands and help to placate the public....only downside is his lack of parlimentary experience (MP since 2001).

12/1 with Ladbrokes though most firms seem not to have priced up yet.

: Tue May 19, 2009 6:04 pm  

^Who is favourite?

: Tue May 19, 2009 6:05 pm  

Obviously i hope im wrong but Hull City v Man Utd 13/10

looks the bet of the year i know we are fighting relegation and they will be resting a few but that is great odds

: Tue May 19, 2009 6:22 pm  

What we looking at tonight with the dogs mate without me trawling this thread?

: Tue May 19, 2009 6:26 pm  

As mentioned, the FOBT's, avoid like the plague. i used to play them quite alot and win, but this was due to me hovering around in the bookies (I knew the people behind the counter), but not the correct etiquette I know.
I would win 10/20 pound a time, ater seeing people lose around 50 to 100 pound then I would steam in with a tenner to gain a slight profit.

I then got more pressed on playing them regardless, and thats when you lose.


the other month I had 50 pound "spare" and kept putting money on number 5. It eventualy came in, and I was 160 pound up. I then went to the next machine and kept putting money on 0. 30/40 pound down the drain, it never came in.

I then saw someone put around 400 in the machine, he then walked out looking so red faced, and I put around 200 never at any point was I up personally from my time on the machine.

I know now that it is such a mugs game, but when my friends are playing, I do put the odd tenner in, and when i lose it does keep me away from them, so I really do not mind losing.

As for the roullette on live streaming, the other day I entered the william hill live casino and on my first spint, put 4 quid on 5 and 8 split and it landed on 8 and I crossed it of. Day after I put a fiver on 5 and 8 split on the first spin and 5 came in. A few hours later I went back on and on my first spin I put 8 pound and 5 and split and 5 came in. straight after I put 2 quid on 0 and it came straight in.

A few weeks on, i have staked money on about 8 spins and not won once.I am still up by quite alot, but I have emptied my account for a while and only play 2 pound blackjack. displine is definetly the key.

: Tue May 19, 2009 6:26 pm  

Thetalentboy wrote:

Obviously i hope im wrong but Hull City v Man Utd 13/10

looks the bet of the year i know we are fighting relegation and they will be resting a few but that is great odds

As is Chelsea's at Sunderland. Villa and West Ham at home look value too!

: Tue May 19, 2009 6:41 pm  

richardviking wrote:

As is Chelsea's at Sunderland. Villa and West Ham at home look value too!

Arsenal to beat Stoke 1/3 looks decent too

: Tue May 19, 2009 6:45 pm  

7.40 Wimbledon


Off to a flyer

1,2,6 combi tricast


7.55

Same 3 for me

: Tue May 19, 2009 6:53 pm  

Thetalentboy wrote:

Arsenal to beat Stoke 1/3 looks decent too

Last game of the season both teams have nothing to play for and you think (1/3) is a decent bet...