Log out

Cancel a lay in Smarkets

Hi guys,

Layed a bet on Smarkets but then had my back bet not accepted (max I could bet was WAY below what I had already layed. To cancel the lay, I placed a bet on the “back” in Smarkets, but now both amounts show in red. Please help.

Original lay £24.00 @17.0 – liability £384.16
Back was showing 7.2 on Smarkets. So far I have had £42.58 matched at 7.2. (Now cancelled as I got nervous)
The numbers in red are -£19.57 /-£113.96

What do I need to do to get rid of any existing liability as I don’t understand where I currently sit. Many thanks

+0

rocky_zw
1

April 15, 2016 at 11:44 pm

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.

Learn Matched Betting

beh 7 April 16, 2016 at 12:15 am

Which market and why is the difference between the back and lay so large? With that you’re going to take a loss regardless.

Can you confirm how much you were aiming to get matched on the back side at 7.2 before you stopped at £42.58?

+0

beh 7 April 16, 2016 at 12:57 am

Roughly I believe you’re aiming for a back of £56.50 but you still lose £33 whatever the outcome.

+0

t130 1 April 16, 2016 at 7:49 am

Don’t know how to relieve your issue, but always back before laying!

+0

Markk 1 April 16, 2016 at 8:03 pm

The calculator on the site below allows you to calculate the back stake if you have laid first.

https://www.backlaybettingcalculator.com/

Also, if you have an iPhone there is an app called ‘sport trading calculator’ by Bruno Pereira, which has a lay/back and back/lay mode.

You should have staked £56 for £33 loss like Beh said.

+0

Viewing 4 replies - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.

Never miss an offer!

Subscribe for regular offer updates, tips and tricks, big offer alerts and more.

"*" indicates required fields

Follow meMatched Betting Blog