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Matched betting newbie
- Thread starter Christine2
- Start date
Coral site is not secure(no padlock), I have to wait it's secure so I can enter card details to deposit money. Betfair is sorted, I will hopefully place my first bet tomorrow
Just a quick question, does coral have bets on premier league matches at all? I have tried to search for games but they don't bring up any search results, i guess i have to bet on horses?
[member=1]Jon[/member], i placed 4 bets on Arsenal v Totenham but im not happy with the first bet as it looks different, I don't know what i did wrong, is there anything i can do to correct it? Please help
Bet date Bet Status Lines Per Bet Unit Stake (GBP) Total Stake (GBP) Description
02/11/2016 15:11PM Open 1 5 5 Tottenham - Arsenal v Tottenham - Match Result @ 4.00
02/11/2016 15:11PM Open 1 5 5 Tottenham - Arsenal v Tottenham - Match Result @ 4.00
02/11/2016 15:10PM Open 1 5 5 Tottenham - Arsenal v Tottenham - Match Result @ 4.00
02/11/2016 15:10PM Open 1 5 5 Wednesday Treble - Tottenham, Juventus & Dortmund all to win - Tottenham, Juventus & Dortmund - Enhanced Multiples @ 4.33
Bet date Bet Status Lines Per Bet Unit Stake (GBP) Total Stake (GBP) Description
02/11/2016 15:11PM Open 1 5 5 Tottenham - Arsenal v Tottenham - Match Result @ 4.00
02/11/2016 15:11PM Open 1 5 5 Tottenham - Arsenal v Tottenham - Match Result @ 4.00
02/11/2016 15:10PM Open 1 5 5 Tottenham - Arsenal v Tottenham - Match Result @ 4.00
02/11/2016 15:10PM Open 1 5 5 Wednesday Treble - Tottenham, Juventus & Dortmund all to win - Tottenham, Juventus & Dortmund - Enhanced Multiples @ 4.33
Uhhhhh
Money Making Megastar!
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[member=4149]Christine2[/member] The final one in that list is a 3-fold accumulator (one bet that is based upon 3 outcomes - so all three of those teams listed have to win for the bet to win). Did you mean to do that?
Is this your £20 free bet with Coral? Comes as four separate £5 bets right? So, from what I can see you have used three of them on the Tottenham-Arsenal game on Tottenham to win, and the final one is on the Wednesday treble 3-fold accumulator.
Have you layed any of those bets yet?
Send me a screenshot please and I can help.
Is this your £20 free bet with Coral? Comes as four separate £5 bets right? So, from what I can see you have used three of them on the Tottenham-Arsenal game on Tottenham to win, and the final one is on the Wednesday treble 3-fold accumulator.
Have you layed any of those bets yet?
Send me a screenshot please and I can help.
[member=2431]Uhhhhh[/member] , tried to send screenshot but it failed, its too big, its a mistake , meant to do 4 similar bets
Uhhhhh
Money Making Megastar!
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[member=4149]Christine2[/member] Are these free bets? Have you layed anything yet?
https://snag.gy/ is a good website to use to upload screenshots if you're on a laptop or PC then you just save it and copy and paste the link.
https://snag.gy/ is a good website to use to upload screenshots if you're on a laptop or PC then you just save it and copy and paste the link.
[member=2431]Uhhhhh[/member] Lay odds 4.10
Stake 14.81
Liability 45.91
Potential profit 14.81
Seems some buttons on laptop arent working well, do you mind if i drop you a screenshot on email? Thanks for your help
Stake 14.81
Liability 45.91
Potential profit 14.81
Seems some buttons on laptop arent working well, do you mind if i drop you a screenshot on email? Thanks for your help
Uhhhhh
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Right, [member=4149]Christine2[/member] okay well what you've done is you've used three of your £5 bets (so a total of £15) on the Tottenham-Arsenal game, which is on Sunday afternoon. The fourth bet you've placed at Coral is £5 on a treble (aka a three-fold accumulator) for the Champion's League games tonight - on Tottenham, Juventus and Dortmund all to win. What's most likely happened is that you've seen 'Tottenham' and just clicked onto it and added it into your betslip on Coral, however Tottenham are playing tonight in the Champion's League as well as at the weekend in the Premier League - so you've bet on different matches. An easy mistake to make, but just make sure you double check all of the time/date/match details when you add bets onto your betslip in the future.
Sooooo, a couple of things have happened because of this error:
FIRSTLY
You've overlayed at Betfair Exchange - you've laid against a £20 free bet when in fact you've only placed a £15 free bet at Coral. So basically you should've laid £11.11 and you actually laid £14.81, so this is called overlaying. There are three potential ways to fix this:
1. [This is what I would personally do] You cannot cancel a laybet at Betfair, however you can 'cancel out' the overlaying by placing a back bet at Betfair Exchange for the exact amount you've overlaid if the odds haven't moved too much (in your case you have layed £3.70 too much) - so, simply go to the Tottenham-Arsenal game and place a BACK ALL (the blue box, circled below) on Tottenham bet in the amount of £3.70. Doing this will ensure that you get £10-something profit either way if Tottenham win or do not win.
OR
2. Just leave it. If Tottenham do not win (so a loss or a draw) then you'll make £14.07 BUT if Tottenham win then you'll have made a loss of about 91p overall and no profit will have come from your £15 of free bets. You can then just chalk it up to experience.
OR
3. Okay there is a third way but it's the most complicated for a newbie. If you have another £5 free bet from a different bookies that needs using up then you could use it to back Tottenham as you've already overlaid your bet (so you've laid against £20 when actually you've only bet £15 at Coral). This is more complicated because the back odds at a different bookies may not be the same as Coral so there's a few more numbers to crunch, and you'd have to have a free £5 bet knocking about. If you want to do this then tag me and I'll help you figure it out, but I really would advise either of the two options I've explained above.
SECONDLY
You have put this £5 free bet on a treble (3-fold acca) on the Champion's League games tonight. These are currently unlaid as you have not placed a lay bet against this. There are two possibilities for you to choose from:
1. You can lay it off here: https://www.betfair.com/exchange/plus/#/football/market/1.128015049 the lay odds are currently 4.7 and you backed at 4.33 with a £5 free bet so if you pop that into the calculator you'll see that you can lay £3.58 (liability £13.25) and come out with a £3.40 profit (note that Tottenham are listed as 'Spurs' so the one you want to lay against is 'Dortmund/Juventus/Spurs', see below:
OR
2. Just leave it. Have a punt! It's only a £5 free bet so you can just let it be and if it wins (so if Tottenham, Juventus and Dortmund all win - which they should, but you never know what could happen) then you'll get £16-ish winnings. It's up to you though if you'd rather lay it off and lock in profit.
Sorry for taking ages to reply...trying to cook!
Sooooo, a couple of things have happened because of this error:
FIRSTLY
You've overlayed at Betfair Exchange - you've laid against a £20 free bet when in fact you've only placed a £15 free bet at Coral. So basically you should've laid £11.11 and you actually laid £14.81, so this is called overlaying. There are three potential ways to fix this:
1. [This is what I would personally do] You cannot cancel a laybet at Betfair, however you can 'cancel out' the overlaying by placing a back bet at Betfair Exchange for the exact amount you've overlaid if the odds haven't moved too much (in your case you have layed £3.70 too much) - so, simply go to the Tottenham-Arsenal game and place a BACK ALL (the blue box, circled below) on Tottenham bet in the amount of £3.70. Doing this will ensure that you get £10-something profit either way if Tottenham win or do not win.
OR
2. Just leave it. If Tottenham do not win (so a loss or a draw) then you'll make £14.07 BUT if Tottenham win then you'll have made a loss of about 91p overall and no profit will have come from your £15 of free bets. You can then just chalk it up to experience.
OR
3. Okay there is a third way but it's the most complicated for a newbie. If you have another £5 free bet from a different bookies that needs using up then you could use it to back Tottenham as you've already overlaid your bet (so you've laid against £20 when actually you've only bet £15 at Coral). This is more complicated because the back odds at a different bookies may not be the same as Coral so there's a few more numbers to crunch, and you'd have to have a free £5 bet knocking about. If you want to do this then tag me and I'll help you figure it out, but I really would advise either of the two options I've explained above.
SECONDLY
You have put this £5 free bet on a treble (3-fold acca) on the Champion's League games tonight. These are currently unlaid as you have not placed a lay bet against this. There are two possibilities for you to choose from:
1. You can lay it off here: https://www.betfair.com/exchange/plus/#/football/market/1.128015049 the lay odds are currently 4.7 and you backed at 4.33 with a £5 free bet so if you pop that into the calculator you'll see that you can lay £3.58 (liability £13.25) and come out with a £3.40 profit (note that Tottenham are listed as 'Spurs' so the one you want to lay against is 'Dortmund/Juventus/Spurs', see below:
OR
2. Just leave it. Have a punt! It's only a £5 free bet so you can just let it be and if it wins (so if Tottenham, Juventus and Dortmund all win - which they should, but you never know what could happen) then you'll get £16-ish winnings. It's up to you though if you'd rather lay it off and lock in profit.
Sorry for taking ages to reply...trying to cook!
[member=2431]Uhhhhh[/member], thank you very much for helping me out, what a stressful day it has been! I have gone for option one, i will leave today's bet to chance, i will always tripple check before placing bets, thank you for illustrating and making things easy for me to understand. I really appreciate your help.
I have bet £10 on Stan James and layed at betfair but i have had a look and it says` bet unmatched? What does this mean? Thanks