betting advice needed

I want to bet on Barnsley not being relegated-where can I do this?

 

The bookies

 

thanks I hadn't thought of that

what I really meant was how do I find the best odds-it's easy to find the odds on us going down -I sort of want the negative bet?

 

They are 8.0 on betfair to lay, which isn't great value as they are 4.6 to back. This is in the relegation market on betfair. So to lay is to say isn't going to happen in your opinion, to back is to say it is. Apologies if this is teaching you to suck eggs!

 

go into a bookies and ask. They'll perm loads of prices and combos

 

cheers for that

does 8.0 mean 8/1 ? or am I being stupid again?

 

not sure what 8.0 means in betting terms, but i'd be very very surprised if we were 8/1 to not be relegated and also be on my way to the bookies with a wad of cash.

 

Stay away from the tips of "Stand by me"

.

 

What it means is:

That for every £1 you bet you will get £8 (including your stake), so its like 7/1.

However, these are betting exchanges, not bookies per se, so they are only available odds that other uses of Betfair want to offer.

If we are 4.6 to to back to go down, and 8.0 to lay (or not) go down, then there's nothing to stop you from laying us to go down at 4.8 (as long as the amount you lay is bigger than the 4.6 that is available on the back side). This means that you are offering odds of 4.8 for us to go down, for other people to take (you are, in effect "being the bookie).

So, if someone takes you up on the 4.6, then you have in effect offered odds of 7/2 for us to go down.

Easy!

 

I am still a little confused

Are you saying that if I stick £100 on us staying up this season with befair when we do some idiot on there will have to pay me £700 plus my stake?

If so I am signing up today

 

RE: I am still a little confused

No, he isn't.

 

No.

What it means is that by "laying" us to go down, you are "offering" odds of 7-1, (or whatever odds you wish to offer). If someone then places £100 on us to go down, at the 7-1 you are offering, then you will make the £100 profit, as a normal bookie would. However, if we do go down, then you will have to pay out £800 sheets, like a bookie would.

On betfair, you are backing and laying against other members of the site, not a bookie as you would if you were to pop into laddies or billy hills.

 

Don't bet

On anything. Ever. Mugs game.

 

RE: cheers for that

Sorry for the confusion! Blunkett has though got it spot on, when you are laying you win your stake but if you lose you face a larger payout. So at 8.0 (Betfair works in decimal generally) that is 7/1 if you lay Barnsley in the relegation market for £10 and they stay up you win your £10 stake if they go down you lose £70. Why I said it was poor value was because you can back for 4.6 (7/2) and to lay it is 7/1 (double) when you lay you want the price to be as small as possible to reduce your liability (payout). Betfair is a punter to punter market so the odds you want are not always available.

Hope that helps!

 

RE: Don't bet

"A mugs game" - wow, very original.

If you're smart enough, you can do very well out of gambling. However, I don't think betting on us to stay up is a good idea at all. Based on the betfair prices quoted, the bookies would be offering very short odds on us staying up - something like 5/1 ON would be my guess. In other words, they think we have an 80% chance of staying up.

You'd have to lay out a fair old wedge to win anything worthwhile (risk £500 to make £100 profit). Just think how bad you'd feel if we got relegated, and then add losing £500 into the mix....

 

RE: Don't bet

"A mugs game" - wow, very original.

If you're smart enough, you can do very well out of gambling. However, I don't think betting on us to stay up is a good idea at all. Based on the betfair prices quoted, the bookies would be offering very short odds on us staying up - something like 5/1 ON would be my guess. In other words, they think we have an 80% chance of staying up.

You'd have to lay out a fair old wedge to win anything worthwhile (risk £500 to make £100 profit). Just think how bad you'd feel if we got relegated, and then add losing £500 into the mix....

 

RE: Don't bet

"A mugs game" - wow, very original.

If you're smart enough, you can do very well out of gambling. However, I don't think betting on us to stay up is a good idea at all. Based on the betfair prices quoted, the bookies would be offering very short odds on us staying up - something like 5/1 ON would be my guess. In other words, they think we have an 80% chance of staying up.

You'd have to lay out a fair old wedge to win anything worthwhile (risk £500 to make £100 profit). Just think how bad you'd feel if we got relegated, and then add losing £500 into the mix....

 

May not be original, but it's still true

For every winner I'll show you 1000 losers.

 

RE: Stay away from the tips of "Stand by me"

I second that.

 

RE: May not be original, but it's still true

Having a bet does not make you a mug. It's just that plenty of mugs have a bet...