I don't get it??????

I did that 100% profit Leo Vegas offer – heres what happened:

25 on Draw on Watford game, Burnley and City wins…. first two unfortunately in….

okay after Burnley f*cked me up I had to lay 421.73 in smarkets for City… I had $450 in it and thought I wouldn’t be able to cover it all – after I put 421.73 on the Lay section on city game not only that it got matched but I have $276.11 in my balance? Shouldn’t they take more than $500 for the whole bet, can anyone explain?

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kieron
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December 26, 2016 at 5:00 pm

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nkhan 0 December 26, 2016 at 5:53 pm

I would have let the bet just run

Too confusing for me to lay so many matches

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nate88 1 December 26, 2016 at 6:30 pm

You laid £421.73 – that was not the liability, when you laid it would have told you the liability which would have been a hundred odd.

You are playing about with big numbers without understanding using the exchange?

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Dr_Ryan 3 December 26, 2016 at 7:24 pm

@kieron If you provide some odds I can take a took, but I have a feeling nate88 is correct. Have you checked your Smarkets settings -> Backer’s stake, could be a likely mistake especially if you’re used to another exchange.

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feltt1p 6 December 26, 2016 at 8:02 pm

Urgh. The odds were roughly 1.5 for a City win.

£10 back makes you £5 profit.
Therefore £10 lay loses you only £5.
Put in your calculations and £420 lay equals £210 loss. (Odds were slightly different so won’t be a perfect figure)

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orlandosteve 2 December 27, 2016 at 11:00 am

When you place a lay bet:-

your stake is the amount you could win (less the commision) therefore you don’t need this amount in your account as your not liable for this part of the bet.

Your liability is the amount you could lose and therefore this is the amount you need in your account to cover the bet.

So, if you placed a £100 lay bet at odds of 1.2:-

The amount you could lose is £20 so this is how much you need in your account to cover the bet. The fact that your lay amount was £100 is irrelevant as this is how much you could win and therefore does not need covering.

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