Question about this Bet365 Each Way offer
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I’ve been avidly following all the posts about it but don’t have 1000s in my Exchange and don’t really want to transfer out of my savings account just to make £50.
My understanding of the offer is that Bet365 will refund half your stake immediately you put it on? So if you put £10 each way on a horse, you get £10 back immediately?
So in that case, couldn’t you just lay the win stake and use the each way part of the stake as a risk free bet? Surely the outcome would be that either you would make nothing at all, or you might make a profit?
If so, that’s what I’m going to go ahead and do…..
+0April 9, 2016 at 9:24 am
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My question is similar. I was going to place 5 or 10 each way bets, lay the win portion on each. If no horse places, I am down to the extent of my qualifying losses, which will add up to about 20 quid. If even one horse places, I am in profit,
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Yes perfectly fine lots are taking this approach. If none of your horses place you’ll be down say £20…but if 2 place you’ll be in the money etc…
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But….since smarkets you only need to cover the highest horse liability as long as you have enough to do £10 e/w on one horse which won’t require too much funds you can then also lay the place and guarantee £50 – £80 depending on odds and you’d only need a much smaller exchange account
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I thought that only applied if you are laying several horses in the same race?
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Yeah? isn’t that exactly what you are doing? Many people can’t afford to do just 1 horse for say £2500 liability with a straight £125 e/w bet. If you split this up into 5 £25 e/w bets you only need around £500 liability or so as you’ll only need the funds for the highest odds horse that you do…?
+0so ryan are you saying just lay 1 horse fully and punt the rest?
I was thinking of just laying the place part of the bet in the hope that if a horse wins or comes 5th I win a decent amount, or would this not work?+0ignore that… if I end up with a couple placing id be crippled
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Why do you only need the funds for the highest odds horse? thats the key part i cant wrap my silly head around
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Buckoload you lay the first horse.
And then lay the rest as well.
Since only one horse can win you don’t need a huge exchange – your max liability will be the highest odds.
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Dangerzone because only one horse can win. You won’t have to pay out on every lay bet. Only on one. You can’t possibly pay out on every lay. So you don’t need funds in their to cover every one!
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Buckolad no i’m definitely not saying that! and dangerzone exactly what FOG said…lets say for an example you have £1000….and you lay off a horse with a liability of £900…you can continue to lay off other horses with liabilities of £800 30 of them if you wanted…due to the fact only one can win and therefore you can only ever lose either the £900 one or one of the £800s, you can never lose twice. Therefore you only ever need to have the balance for the largest liability. Therefore people with limited exchange accounts can still do this offer the guaranteed method you just need to do 5 £25 e/ws or 2 £65.50 e/ws for example.
+0@CashedUp moving £500 odd quid from your savings account into the exchange to make £50 odd quid seems like a good idea to me. Your not going to loose much interest on the 500 by having it in your exchange for a couple of days.
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Yes bucko. Try it.
+0Thanks for the clarification Ryan and FOG. So, to make sure I have interpreted what you have told me correctly. If I do my bets as 5*25 quid E/W bets and want to guarantee profit, I will need to have the funds in my exchange to cover the place part of each of my 5 bets, and the win part of the horse with the largest liability? Is this right?
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