Acca Insurance: No Lay 'Value'?

  • I’ve recently become more active in the acca insurance area, with good results, using the sequential lay method. I’ve seen the term ‘value’ bandied around with regards to the ‘no lay’ method, which got me playing with my calculator, and led me to find that the expected returns on both methods for a given accumulator were very similar. I’ll give a real life example below and basically my question is; are my calculations correct, and if so, what is the real advantage of the no lay method? Is it the fact that if you can handle the variance, it’s much less time consuming having to lay everything?

    5-fold, £20 stake, bookie odds 3.4, exchange combined odds 3.7, probability(all 5 winning)=27%, probability(1 leg losing)=41%

    Expected return for no lay method = 0.27*((20*3.4)-20) + 0.41*((0.8*20)-20) + 0.32*(-20) = £4.92
    Expected return for sequential lay method, assuming a harsh £2 (10%) qualifying loss = 0.4*((0.8*20)-2) + 0.6*(-2) = £4.40

    Thanks in advance for your help!!

  • New to matched betting?

    My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    Blue 3

    Yes, I’ve just realised my error, with some horror! Humble apologies, please ignore everything I said about it being possible to obtain a greater EV from laying than not laying if there was an arb on the overall prices, it was bollocks! Should have stuck with what I said in my first post, must have had a rush of blood.

    Think (hope) what else I said is right though. Might not be posting for a while, off to find a rock to hide under… 🙁

    +0
    MbPunter 24

    Don’t be daft. Everything else you said was spot on, so was a little surprised you change your mind!

    Keep posting.

    +0
    Blue 3

    Lol, cheers mate. Only kidding about not posting, am a bit embarrassed though – just got onto a completely wrong train of thought 🙂

    +0
    Blank 0

    Wow, some lively discussion on “to lay or not to lay”

    I’ve been doing accas for nearly a year now, thought I’d offer up the alternative that I’ve settled on;
    On a typical 5fold acca, i won’t lay the first 3-4, if they all win then I lock in profit by laying the last 1 or 2.

    For me, this balances the pro’s and cons of the two methods;
    – less variance than not laying all (significantly less)
    – less sequential laying (takes time, and can easily lead to costly mistakes)
    – can have some fixtures at the same time on there (eg sat 3pm)

    +0
    Big Mick 0

    Hi all, quick query regarding ‘Lay all at start method’ if I may.

    I’ve chosen 5 games, put on an acca and layed all as per the standard method. Little did I know that 2 of the games were last night and 3 are tonight. Both selections (spurs and arsenal) failed to win last night so I am currently ~£100 up on exchange and £50 down from acca stake, giving me £50 profit so far. Am I correct in thinking that I should now trade out the 3 remaining games tonight on the exchange, as technically there is no value in letting them run and is technically just betting now?

    Thanks in advance, hope I’ve explained myself!

    +0
    MbPunter 24

    Yep, that’s correct.

    +0
    Neilogism 0

    @BigMick or you can do what I did and start a second acca using the three selections which are outstanding (and already laid) plus two others.

    +0
    jamieek 0

    I wish I read this thread yesterday it just makes me more frustrated that this post has been made and i didn’t notice it. I’ve often thought to myself the ev theoretically should be equal if not better with no lay. I hit 2 out of 3 accumulators yesterday with 4 out 5 on the other, best iv done in ages and was the first time i heavily layed the bets. I should been up £130-£160 with my normal strategy of only laying the final leg; depending on wether I underlayed or not. Instead it worked out i was up just £30 . £30 is £30 I guess I could get over that but thats where it gets horrible wrong. Not only had spent alot of time with these extra lay bets (pen and paper calculations) , I got distracted and forgot to lay a £50 price boost on a horse on betfred. Only at the end day did I remember about the boost. Well as you can guess the horse lost and I finished the day down £20 on a day i hit strong on the accas :(. I even saw the 4 or more goal offer late and was thinking if there was one game on the list it could come in it would be chelsea, sure enough it came in. This could easily been my most profitable day mb and instead im down. Meanwhile i was on high 5’s not landing anything. Sorry for vent just a horrible day. On a more relevant note how did you work out the percentages of hitting 4 out of 5 and the Ev, how much does the ev fall on a 5/1 bet as alot my bets are in this range. Thanks

    +0
    FoG_BLoG 58

    On the flip side Jamie I have just burned through £300 on no lay Accas on sporting bet. The variance is big especially if you are going highish odds like 5/1.

    Be careful with no lay.

    The calculations for the value of the Accas are the same whether lay or not. So just plug in your back and lay odds in your favourite Accas spreadsheet or calculator and see the value. With laying it is guaranteed profit, with no laying it is long term expected value more or less.

    +0
    lewi6079 4

    Yet another option is to lay sequentially until one team loses and then stop laying. Works best if all low odds (around 1.2). So for example, if I had a five team acca and the second leg lost I’d be £1 or so down with a 50%+ chance of gaining a £25 fb. Some laying but eliminates a lot of the heavy losses with not laying at all. Can then optionally lay the final leg to guarantee a profit. Doesn’t really work if the final leg has high odds though.

    +0
    jamieek 0

    Actually fog you were part of my inspiration for my change in strategy. Unfortunately i picked a really bad weekend to start a lower variance method because I’ve been on fire. I looked at a post where you mentioned you were making quite a significant amount from just accumulators and I presumed you must been running a lower variance strategy to do so many. (sounds like i was wrong). Anyway, for me thats what I decided to do to increase my volume and hopefully start seeing some decent profits every month. Are you on a £300 downswing on accumulators or is that just on one site and you’ve been making a profit on others?

    +0
    FoG_BLoG 58

    Jamie it’s very volatile. I’m not laying any Accas. It allows to do more accas as you don’t have to pick sequential. A lot more freedom, less commission, and no loss in exchange.

    Yes down £300 since the start of the month but that’s okay because I probably got a bit of luck at the end of last month which saw me making a little more than usual.

    Anyway just watching juve at the moment and should they hold on then I’ll be 3 from 4 Accas today on sportingbet which will regain most of the £300 loss.

    It’s very very up and down. No win in 12 and then 3 from 4.

    +0
    RyanB 14

    Thought I would rekindle this thread.

    I have been doing ACCAs for a few months with Titanbet laying sequentially which brought in a decent amount of profit. Unfortunately they have finally gubbed me.

    I realised I probably should have been doing No Lay ACCAs since I would have been able to place many more at one time, and since my bankroll from matchedbetting for 3 years is high I understand the risks.

    However, due to now being gubbed from major bookies and the ACCA refund train being wiped out and the terms not as good anymore, looking at oddsmonkey I can see from:

    BetMclean, Brucebetting, Dafabet & Sportingbet all appear to offer around £3.50-£4.50 EV.

    My question is it really worth the effort for that? Going through the potential massive losses to get that EV?

    I know FOG did no lays for a while, I could potentially go into Betfreds local, but I suspect their EV is perhaps less in shops…

    +0
    FoG_BLoG 58

    Well I loaded up £300 on sportingbet and did no lay accas. Would focus on acca with total odds 3/1 or there abouts. There was no min odds on sporting bet so was easy and could do 4 per day. £25 per acca would need to lose 12 in a row to go bust. And that’s not counting the free bets. On 3/1’s 12 loses in a row are unlikely. I’m not saying it never happened but lucky for me it didn’t happen straight away. I had built enough profits that it wasn’t a big deal when it happened and I could just load up again.

    I would say it is worth doing for EV of a fiver a pop if your efficient enough to do one in 15 mins and if you can keep the variance down.

    Tips for minimizing variance

    1. Low odds
    2. Lay last leg of acca if it I s still alive
    3. If the odds are right on one bookie you have man city on your acca, the other you have their opposition so either way one acca survives.
    4. If you have a few spare bets lying around, cover the opposition. Again if the odds are right. I’m not saying take West Bromwich vs Man city at 10/1 if they are laying at 15.0. That would still be a waste of a free bet, but if they are laying 11.5 or something then great use of free bet. So you have acca lives or you win your free bet. Win win.
    5. Don’t have a single point of failure. If Real are a key leg on 10 accas over the weekend then they lose and take down 10 accas with you.

    I am always thinking what the worst that can happen and try to cover that with some free bets or value bets. Like the golf I was a bit too much loaded up on Spieth which was great for a time but was scouting fairly seriously looking for some ew value on his rivals or boosts just to cover in case he starts with double bogey bogey! If you’re not laying your bets your always thinking that way.

    It was worth it for me.

    Looking back now though. It seems fool hardy or ballsy! I’m so restricted at bookies now I hardly ever have more than small stakes. And ew arbs I’m laying for safe risk free profits. So to think back about potentially having 10 no lay accas on for the weekend so £250 or so on the line. It’s hard to imagine.

    I think it was because it was the golden days and if I lost 250 it was like I’ll make it back in a week. Now a 250 dent would set me back a bit longer and is harder work to scratch back.

    +0
    Grizzly65x 0

    I have been out of the UK for a while. Do bookies still run in store ACCA insurance?
    Thanks

    +0
Viewing 15 replies - 31 through 45 (of 45 total)

You must be logged in to reply to this topic.