I don't understand overlaying and underlaying
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Hi, could someone walk me through an example of underlaying and overlaying, explain its meaning and what advantages it has and when ?
Many thanks
Scoobs
+0May 13, 2016 at 8:40 pm
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New to matched betting?
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Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
underlaying is basically laying less money than you would for a “normal” matched bet, useful for doing rollover requirements at bookies and for doing enhanced odds offers, or offers like 4/1 on 365 and 3/1 at betfair.
So say for example there is an enhanced odds horse @ 3/1 and the lay price on the exchange is 3.8 (comms of 2%)
in a normal matched bet you back £100 and lay £105.82 which would give you a profit of £3.70 win or lose.
if you underlay – back £100 and lay £102.04 you would lose nothing if the bet lost, but win £14.29 if the bet won.(overlaying is the opposite – laying more than the back so you lose nothing if your bet wins and win more if the bet loses)
HTH
+0That’s great, thanks very much deathstar.
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