Bookie Boost Offers
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Yesterday there was a PP Boost Lukaku Anytime. I think Boosted to 3.25 Max bet 20GBP. The lay at the time was around 2.8 in Smarkets, Betfair (risky), Ladbrokes exchange.
Can you explain how much you should lay to get a guaranteed profit of around 7GBP. Essentially, what’s the maths behind these price boost specials guaranteeing profits?
Zack
+0March 13, 2016 at 11:24 am
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For one as far as I am aware you can not lay this on smarkets? So yes you are right laying on betfair is risky however as I am gubbed from Paddy MBS I don’t mind laying their price boosts.
https://www.trickybet.net/lay-calculator
use this calculator and type in the back odds and commission usually 5% if you use betfair, this then tells you your different outcomes if you a) guarantee profit (lay normally) or b) underlay which means you cover your stake but have a chance of winning a lot more.
I usually go for option B as in the above example of 3.25 & 2.8 you could guarantee yourself £2.45, which some may think is it really worth it? yes it will add up over time.
OR you can underlay so you have a potential profit of £7.11. Underlaying means if the event doesn’t happen you lose nothing aka if Lukaku doesn’t score you lose £20 in Paddy but win £20 in betfair total net effect Nil. However if he does score you win £45 in Paddy but lose £37.89 in betfair, overall outcome £7.11.
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So there is no way of guaranteeing £7…its only a potential profit if he does score.
+0Hi Zac,
If you want a guarantee a profit from these offers then you just use the normal calculator on this website.
Using the calculator you would have got a guaranteed profit £2.91.
However you could have chosen to ‘underlay’ this offer meaning that if the outcome you backed wins – you will profit, however if it loses you will stand to lose nothing.
+0Thanks RyanB / Jac96. All the best for the week ahead.
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