Re: Underlaying (Sky price boost)
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To avoid further cluttering up the hot offers thread.
Sky price boost – Chelsea, Leics and Man U all to win @ 10.0 (max £25). Lay at ~8.4.
You can either make a guaranteed profit of 3.44 by laying at 29.94*
Win – bookie/exhange = profit
Back – 225/(221.56) = 3.44
Lay – (25)/28.44 = 3.44
Or you can underlay it at ~26.30* for a potential profit of ~30
Back 225/(195) = ~30
Lay (25)/25 = 0
*assuming 5% commissionIt’s basically having a risk free punt at the expense of a guaranteed profit. You could also increase the above underlay for a small profit on the lay but a smaller profit on the back.
Anecdotally, in the long run I reckon you probably end up about level going either way.