In Response to Re: Major betting coup against Sky : THERE ARE TWO WAYS TO CASH IN ON A BET LIKE THIS 1. IF SAY YOU HAVE £200 AT 200/1 YOU HAVE £40,000 COMING IF THEY WIN IT. YOU CAN BET SMALLER AMOUNTS ON THE REST OF THE FIELD TO COVER YOU INITIAL BET OR BETTER STILL ENSURE YOU MAKE A FEW GRAND BY SPLITTING £20,000 ON THE REST OF THE TEAMS THAT WAY YOUR EITHER £20,000 UP IF CHESTER WIN OR £4,000 OR £5,000 IF THEY DONT. 2. LAY (OFFER ODDS) ON ONE OF THE BETTING EXCHANGE SITE AT LOWER ODDS THAN YOUR ORIGINAL BET I.E 20/1 THIS WAY YOU ARE GUARANTEED £2,000 BACK MINUS THE EXCHANGES COMMISSION. THE LONGER YOU HOLD YOUR NEVRE BY NOT LAYING IT OFF THE MORE YOU MAKE. THE RISK WITH THIS IS IF CHESTER GO OUT AND YOUVE NOT LAYED ENOUGH OFF YOUR IN BIG TROUBLE! Posted by BADBOY985
Do you have to do this on a different site then? if so any reccomendations?
how can you bet on every 1 else and win u cant the bookies alays have an edge its not 100 per cent usually 120 per cent so bookies get an extra 20 per cent for instance in a grehound race should all be 5/1 agreed because its a 6 dog race and should be 5/1 each but its not u be lucky if u get 7/2 the field i worked in a bookeies for 5 years i know how this works u might aswell just let ya bet ride on chester u wnt be profitable betting all the other teams in the competition trust me Posted by IDONKCALLU
as i understand it your original bet at 100/1 would not effect the bookies pecentage if the current price is 20/1. i get your point about not laying it off ive got £10 at 66/1 and would only look at laying it if they get to the semfinals. the original question was asking how you could make money on the bet but as you well know its always a big could
In Response to Re: Major betting coup against Sky : Do you have to do this on a different site then? if so any reccomendations? Thanks for the info : ) Posted by Poker_Fail
In Response to Re: Major betting coup against Sky : THE LONGER YOU HOLD YOUR NEVRE BY NOT LAYING IT OFF THE MORE YOU MAKE. THE RISK WITH THIS IS IF CHESTER GO OUT AND YOUVE NOT LAYED ENOUGH OFF YOUR IN BIG TROUBLE! these 2 statements are in complete contradiction so just thought I would bring them to your attention - the initial statement to which I quite rightly stated max to lose is 200 quid is correct - Chester cannot win competion once their out (unless they enter X factor) and therefore max you can lose and i quote "for holding your nerve and not having laid enough" is 200 quid. thank you Posted by BELL_POKER
if you start laying the bet off you have to risk more money if you dont cover all the possible winners corretly you would loose more than £200. the longer you dont lay off, the shorter odds you can offer if chester get to the semis the maximum price you would have to offer would be about 3/1 so you risk is less and reward is more at the semi final stage
In Response to Re: Major betting coup against Sky : if you start laying the bet off you have to risk more money if you dont cover all the possible winners corretly you would loose more than £200. the longer you dont lay off, the shorter odds you can offer if chester get to the semis the maximum price you would have to offer would be about 3/1 so you risk is less and reward is more at the semi final stage Posted by BADBOY985
I'm confused! If you have £50 at 150/1 to win you have a potential £7,500 return If you opened a betfair account and laid Chester at 20/1 up to £200 with a liability of £4,000 you can at least ensure a £200 return if they lose and £3,700 return if they win or am I missing something?
That was a well iffy situation! if you have a horse cross the the line and can still get 28/1 on it!!! I tried it for £10 but knew i probably wouldn't get paid out on it! but just in case!!!!made the bet.
big bluster wouldnt it of been a good idea to put bets on before posting this blog pointing all this out anyway 50's will still be very nice if they do go on to win it
big bluster wouldnt it of been a good idea to put bets on before posting this blog pointing all this out anyway 50's will still be very nice if they do go on to win it Posted by JIMMYRED2
On the day skysports spoke to J,McCririck and he said it was in the region of £23mil, this was just after the race. I have heard that they have done a u turn on this and are now paying out some of the bets. I asume all the in play (29/1) will be paid but all the bets taken once the horse had won will be void.
I missed this is it still on? Posted by djblacke04
lol the whole point of the post was get on within the next few minutes at time of post as price kept detracting, you'd have no doubt noticed that if you'd read the post from the start. it was put up at the start of december for crying out loud!!!!
In Response to Re: Major betting coup against Sky : lol the whole point of the post was get on within the next few minutes at time of post as price kept detracting, you'd have no doubt noticed that if you'd read the post from the start. it was put up at the start of december for crying out loud!!!! Posted by BELL_POKER
wow i cant believe i missed out- the whole point was to drive the betting price down by betting on them to win.../?
you guys must have cleaned up, with all that betting,but hold on
i was talking to people who watch chester every week and they toldme promotion is the key and goin to gravesend was a trip too far valiant effort tho and also keep your money in your pocket
In Response to Re: Major betting coup against Sky : wow i cant believe i missed out- the whole point was to drive the betting price down by betting on them to win.../? you guys must have cleaned up, with all that betting,but hold on dont they have to win? you guys must be millionaires by now Posted by djblacke04
not for the purposes of the post no - them being well fancied etc was going to impact on toiher peoples perception of them and the value that they were to win the comp, i.e 20/1 shots, not 10 times that, so stake enough to cover a free bet and or profit, then lay the rest at the more likely 20/1 ish when all the 200 or 100 or wahtever it was was eaten up!
Comments
Thanks for the info : )
i get your point about not laying it off ive got £10 at 66/1 and would only look at laying it if they get to the semfinals.
the original question was asking how you could make money on the bet but as you well know its always a big could
would loose more than £200.
the longer you dont lay off, the shorter odds you can offer if chester get to the semis the maximum price you would have to offer would be about 3/1 so you risk is less and reward is more at the semi final stage
If you have £50 at 150/1 to win you have a potential £7,500 return
If you opened a betfair account and laid Chester at 20/1 up to £200 with a liability of £4,000
you can at least ensure a £200 return if they lose and £3,700 return if they win
or am I missing something?
Well worth a go I suppose...always next season :-)
I have heard that they have done a u turn on this and are now paying out some of the bets. I asume all the in play (29/1) will be paid but all the bets taken once the horse had won will be void.