Wrong Lay Stake help

  • Hi there,

    New here….I’ve been Match Betting for about a week now and it’s going pretty well.

    Please can you help…

    What happens is you put in the wrong Lay Stake? I just did a mug bet, where after checking the calculator I was supposed to Lay £10.12 on a football team, but I accidentally Layed just £10.00 at Smarkets (the Liabilty was £7.00 instead of £7.09).

    The back stake at the bookies was £10 at odds of 1.7. The odds were 1.7 at Smarkets too.
    I noticed that my Smarkets balance went up by £10 when I did this.

    What is likely to happen when the bet is settled?

    Thanks.

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    You layed £10.00 instead of £10.12?

    You could fix it by laying the extra 12p that you are missing. But I wouldn’t even worry about it especially if the lay price has radically changed, you’re only talking pennies ….

    Sometimes your smarkets balance can go up when you make a lay on a market that you have already layed. Because if you have more than one outcome covered then your liability is decreased, so freeing up funds…

    +0
    JCat 0

    Thanks for your help.

    As it was just pennies, I thought it wouldn’t make too much of a difference…

    +0
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