[roanildinho]

Will betfair limit you???

Even if you win like 300 k annually?

[Hareeba!]

Will BetFair limit you???

Even if you win like 300 k annually?

not even if you win $3M annually

stupid question - Betfair is an EXCHANGE ... it's not their money you are winning ... they earn commission on every trade so the more the better

[durito]

do you try hard to make sure that each subsequent question is dumber than the last?

[roanildinho]

Can i bet on two teams at the same time on betfair,

Team 1 match odds 1.89

Team 2 match odds 5.80

Can i bet on both to make profit.

[austin]

no you you can't!!!!!!!!!!!!!!!!!!!!! they will boot you for making risk free bets

[roanildinho]

really? you cant be on two games?? that sucks

[austin]

yeah sure it does

[roanildinho]

are you being sarcastic??

[Maniac]

Yes he is, and you you can back both sides at whatever price and as many times as you like - though the liquidity needs to be there and there is no guarantee that either offer you put up (assuming those prices) will be matched...

[Sawyer]

Of course, you can bet on two sides.

But if you do so at same time, you will lose money, lol.

Let's say Dallas is +200 and Miami is -199.

If you bet both sides, you lose money.

But if you bet Dallas +200 and bet on Miami few minutes later (when Dallas takes the lead) at -150, you will make profit no matter which side wins.

When Dallas is +200, you can make an offer like "back Dallas at +500" too but it won't be matched..since nobody would want to back Miami at -500. (When you get Dallas +500, it means somebody else is backing Miami @ -500)

But later in game, when odds change..your offer can get matched.

BF won't limit you because it's a betting exchange. Actually, they will be happy if you win because they got a comission on winnings. That's why there isn't lines like 189, 188, 7, 5 in Betfair. There's always lines with ½ such as 6½, 7½, 189½, 195½.

The only downside about Betfair is..liquidity (in some markets) is not always great. Premium Charge is a pain too..but if you're clever, there's some ways to avoid it but its another story..

[roanildinho]

Sawyer,
i bet soccer or tennis,

Match odds:

1 team = 1.80
2 team = 5.90

I can bet the first team 100 dollars
and the second team like 20.
and make profit.

[Sawyer]

Sawyer,
i bet soccer or tennis,

Match odds:

1 team = 1.80
2 team = 5.90

I can bet the first team 100 dollars
and the second team like 20.
and make profit.

You can bet two sides but one of your offers won't get matched.

But later, if game progresses in your favor, yes you can do it.


Yes, you can but you won't get these odds at same time. One of your offers won't get matched.

[roanildinho]

yeah i can do one when the game starts and do one in game, why wouldnt they?

[Sawyer]

i didnt understand what u mean but you can place as many bets as u want during game or before game..(for live in-play games only of course)

[Sawyer]

lets say team a is 1,80.
therefore, team b won't be 5,90. they will be 2,24-2,26.

so if you made these offers,

1 team = 1.80
2 team = 5.90

only team-1 @ 1,80 will get matched. you want to back team-2 at 5,90 but it wont get matched since odds are 2,24 at the moment. You have to wait. If team-1 plays better (they score etc), odds for team-2 will get up. When they reached you will have backed team-2 @ 5.90.

Backing team-2 @ 6,00 is same with laying team-1 @ 1,20. Somebody risks 20 to win 100, other person risks 100 to win 20.

[Sawyer]

Will betfair limit you???

Even if you win like 300 k annually?

If your net profit over one year is above 50k, they send you champagne in Christmas.

[diondublin]

Will betfair limit you???

Even if you win like 300 k annually?

They won't limit you as such, but they may impose a de facto limitation with current and/or subsequent versions of the premium charge.

[stikymess]

Sawyer, i bet soccer or tennis, Match odds: 1 team = 1.80 2 team = 5.90 I can bet the first team 100 dollars and the second team like 20. and make profit.

I don't bet soccer but doesnt a tie wreck that idea?

[trixtrix]

so when do you project having the first 300k of 2011 banged out?

[Automat]

I don't bet soccer but doesnt a tie wreck that idea?

yea..
but a tie only happens 33% in theory
so you would have an accuracy of 66%

[stikymess]

yea.. but a tie only happens 33% in theory so you would have an accuracy of 66%

Not sure where the 33% comes from but this sounds as bad as the polish middle in baseball (playing the RL on both teams) This wont make money let alone 300k.

[Sawyer]

I don't bet soccer but doesnt a tie wreck that idea?

I thought he's talking about AH or U/O.

In 1x2 bets, tie will wreck that idea, yes. Draws happen. If he picks 1.80 & 5.90, it's not different then laying draw. Why not lay draw? Same as backing 1 and 2.

[roanildinho]

sawyer exactly, matchodds!, and as for the premium charge 20 percent is maximum i heard correct?

[Sawyer]

yea..
but a tie only happens 33% in theory
so you would have an accuracy of 66%

%66 won't make you money..

Also chances for draw changes from game to game.

When you played against draw, usually you will get 1,40 (sometimes 1,25 if odds for draw is high).

1,40 x 66 = Losing Money

Even if odds for draw is 3,00, it won't make you money.

1,50 (Playing against draw, backing 1 & 2 in 1x2) x 66 = Losing Money

[stikymess]

I thought he's talking about AH or U/O. In 1x2 bets, tie will wreck that idea, yes. Draws happen. If he picks 1.80 & 5.90, it's not different then laying draw. Why not lay draw? Same as backing 1 and 2.

Yea OP left alot to be desired in his plan, no clue how he would get 1.80 one side and a whopping 5.90 the otherside, as you (Sawyer) said as well.

[Sawyer]

sawyer exactly, matchodds!, and as for the premium charge 20 percent is maximum i heard correct?

Yes, maximum is %20. But it's high enough.

If you're a sports bettor, use Pinnacle, Sbobet instead. You can get much better odds.

Use Betfair for trading.

[Sawyer]

Btw, do you know why BF came up with Premium Charge thing?

Because, BF noticed that Top 10 BF users were earning more money then Betfair! That's right. Can you believe it? You're earning more money then betting exchange, itself, lol.

[roanildinho]

Stikkymess actually ingame live betting that always happens.

[roanildinho]

its basically, that if a team is losing 1-0, i will take the team who is winning and then the draw. and it ussualy makes a profit arbitrating

[roanildinho]

sawyer thats absolutely nuts, how the traders earn more cash then bf, lol but at least they dont limit you, 20 percent premium charge weekly seems fair if your a big hitter, they will always pay and wont limit correct?

[stikymess]

Stikkymess actually ingame live betting that always happens.

Okay thanks, makes more sense to me now. Good luck!!!

[Sawyer]

no limits..the only limit is liquidity in market.

they always pay, yes.

[roanildinho]

cheers then mate and thanks for posting to clear some things off my mind

[Sawyer]

its basically, that if a team is losing 1-0, i will take the team who is winning and then the draw. and it ussualy makes a profit arbitrating

In the past, we were using this tactic:

Lay the draw before kick off.

When one side scores, odds for draw skyrocket.

So you hedge your bet.

You lay draw at 3.20 and then later, back it at 8 and guarantee profit..

However, times are changed.

Market has changed too. Odds changed..

This tactic don't work anymore.

But if you think leading team is likely to lose the lead, you can always lay them or back the draw. When other team equalizes the game, you can green up!

But actually football (soccer) is not a good sport for trading (except Under Trading which requires a (actually 2-3) satellite and Betangel (or Fairbot) software). There' s much better sports such as basketball and tennis.

[roanildinho]

okay, i m starting to understand