Underlaying – What is it exactly?
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Should have asked this a while back, what the hell is Underlaying and could you give an example of how it works?
+0January 20, 2016 at 3:53 pm
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Useful for enhanced odds where the guaranteed profit is minimal, a few quid perhaps, but you believe the result to be fairly likely. You (under)lay just enough to cover your stake and If it wins the profit potential might be £10+.
Typically Paddy and Sky on a weekend but plenty of other opportunities. A recent example from the blog – https://matchedbettingblog.com/football/sky-bet-offer-soccer-special-price-boost-2/
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also useful for SUBs with rollovers. Idea being you underlay so that if your bet loses you are down a bit from the offer but have your money in the exchange and no need to rollover, or if it wins you have a bit more than the offer was for so you can lose a bit while completing wagering requirements and still come out ahead.
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Several calculators have and underlay and overlay features built in – the one on Oddsmonkey for example (used in “Advanced” mode)
+0Happy first year anniversary for this post. It must be fate that brought me here. I’m totally.confused with your underlay overlay functions on the calculator. I totally get if a lay bet is lower than the back bet, you are in profit, however still confused as to what amount to lay as I’m not seeing the point at all of having to specifically select ‘underlay’ function if a lay bet is less odds than a match bet. Doesn’t just inputting the relevant odds into both sections calculate your lay stake on the calc regardless of what you click on??
Also as the betfair lay price drastically changed as soon as you put the offer on the blog, when I recalculate the new betfair odds I’m getting little to no profit showing up (it was the potential to have £17+ profit if it came in but as the lay odds went up from 5.9 – for an ACCA – to 7.0 it is now 94p profit) so this is why I don’t understand its function. Also.is it even worth doing these offers at all if the price just jumps up so fast?+0
It does sound like you are confused. An underlay is simply laying less than you normally would to match perfectly for tactical purposes. Most people in the forums will use this term for in different ways for different scenarios though so unless you know what they are talking about it can be hard to follow.
for example, in the example you give above, an underlay on an arb would result, as you say, in a profit if you were to bet on the event, underlay so that if you win you win big but have no loss if it loses.
other ways people use the term is when you have a rollover to do as explained above, and sometimes over in the horse racing threads some people will only lay half the stake if they are convinced there’s a good chance the horse will win or they have back a lot of horses in the same race so that it works out that 1 placement will cover all loses. As i say, its tactical lol
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