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  • Hey gang,

    Think I have made an error and wasn’t sure if there was an easy fix.

    So I deposited £60 into betbright for their 50% first deposit if you lose welcome offer. Because I’m an idiot I didn’t use the guaranteed profit calculator and instead backed and laid like a normal qualifying bet.

    I did get lucky with in play odds though so my qualifying bet I need to lose was £60 backed at 2.5 and I laid at 2.42. Typically as it stands my guy I need to lose (Lorenzi, tennis) is winning and the match continues tomorrow.

    I know I did ok with the Inplay odds making sure I don’t lose but is there anyway to maximise profit. I thought about backing Lorenzi instead but anything could still happen and that would just be gambling right?

    Apologies for poor explanation, pretty new!

    +0
    rhedge
    0
    July 4, 2017 at 11:20 pm

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    A10 1 July 5, 2017 at 12:16 am

    By using the qualifying bet calculator you have overlayed.
    I take it you layed £62.50.
    If you had used the risk free bet calculator and set the cash back at £26 (an estimate of what you would make from the £30 free bet) you should have layed £51.67 for a guaranteed profit of £16.63.
    You have therefore overlayed £10.83.
    This means if the back bet wins you will only make £1.25 but £27.25 if you win at the exchange.

    If you placed a back bet for £20 at 1.44 ( price currently showing on Smarkets) I work out that you would make £10.05 if he wins or £7.25 if he loses.
    £20 at1.44=profit of £8.80 +£1.25 = £10.05
    Lay wins -£80 + £61.25 +£26 (from £30 free bet)= £7.25.

    Please check these figures yourself.

    +0
    rhedge 0 July 5, 2017 at 6:18 am

    Ah I thank you!

    In the end I laid £60.24 because when it was confirming the lay odds changed to 2.42.

    Brain is still being a bit slow here, so I am best to back on Exchange and does how much I back effect anything? Only I can’t grasp how if I back £10 and then bet loses that this £10 doesn’t come off of my exchange profit?

    Apologies for more questions, think j have thought about it for too long…

    Thanks for the help so far.

    +0
    rhedge 0 July 5, 2017 at 6:21 am

    Sorry literally read that again and can see you have taken the new back bet cost off the profit of the original lay bet.

    Thanks for all the help,
    I will go an back right now!

    +0
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