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Urgent betting help....

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Asking for a pal, please advise. on betfair it seems as tho you bet against another person, if i put a £10 stake on one driver to beat another and the odds are 1/5, if i lose do u have to pay the p… Read More
Lulu'sMammy Avatar
8y, 2d agoPosted 8 years, 2 days ago
Asking for a pal, please advise.

on betfair it seems as tho you bet against another person, if i put a £10 stake on one driver to beat another and the odds are 1/5, if i lose do u have to pay the person £50? or is my stake all i ever have to pay
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Lulu'sMammy Avatar
8y, 2d agoPosted 8 years, 2 days ago
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#1
Im An Idiot Ignore Me
#2
odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake back of course). So a £10 bet would win £2 (+ your £10 returned)

and yes, you only lose stake unless it is spread betting - something different
#3
Liddle ol' me
odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake back of course). So a £10 bet would win £2 (+ your £10 returned)


haha i read it backwards! :whistling:
#4
Liddle ol' me
odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake back of course). So a £10 bet would win £2 (+ your £10 returned)


+1
banned#5
Asking for a pal, please advise.


LOL.... I know who it's for! He asked me too..... and I haven't a clue either! He got me to chuck in a tenner too for the quidco! Knowing my luck, I'll not get tracked and lose the spread bet and end up owing thousands!
#6
I would never bet on 1/5 odds - the risk is greater than the potential return imo
#7
Technically, your stake, is your stake, so it should mean you will only lose what you're willing to bet.

I can't 100% confirm that's how Betfair operate but that's the way it's supposed to be unless you're spreading your bet. :)

Hope that helps and glad to see Guv doesn't know something...otherwise he might call me stupid again. :giggle:
#8
Edited: 5/1
#9
Liddle ol' me
odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake back of course). So a £10 bet would win £2 (+ your £10 returned)

and yes, you only lose stake unless it is spread betting - something different

what i am worried about liddle is that i will put a bet on for £10 stake and someone else will accept the bet and if i lose i have to pay their odds?? if not who actually pays??
banned#10
Liddle ol' me
I would never bet on 1/5 odds - the risk is greater than the potential return imo


but if it's a free bet :thumbsup:

I did this last year on Lewis Hamilton winning the championship 1/5
banned#11
realfriendlyman


Hope that helps and glad to see Guv doesn't know something...otherwise he might call me stupid again. :giggle:


LOL... I can still call you stipid for thinking I know everything! :w00t:
#12
Liddle ol' me
I would never bet on 1/5 odds - the risk is greater than the potential return imo


I wouldn't bet on 1/5 either, as it's not worth it...risking a tenner for the sake of £2 isn't worth the hassle in my opinion but if you're 100% certain it's going to come through, then why not and I'm sure that's what the OPs friend thinks. :thumbsup:
#13
lumoruk
but if it's a free bet :thumbsup:

I did this last year on Lewis Hamilton winning the championship 1/5


That's true. With a free bet I'd rather go for shorter odds because it's a safer way of getting the stake retuned. But if I was betting my own money, it would be different. Not worth risking losing £1 to make 20p.
#14
guv
LOL... I can still call you stipid for thinking I know everything! :w00t:


Fine...you know MOST things...but obviously the spelling of stupid can also be added to the ever growing list now. :giggle:
banned 1 Like #15
realfriendlyman
Fine...you know MOST things...but obviously the spelling of stupid can also be added to the ever growing list now. :giggle:



Hahaha... Corker. :thumbsup:
#16
Lulu'sMammy
Edited: 5/1

Means i was right! :w00t:

Lulu'sMammy
what i am worried about liddle is that i will put a bet on for £10 stake and someone else will accept the bet and if i lose i have to pay their odds?? if not who actually pays??

The house pays...as in he company do betfair
#17
Lulu'sMammy
what i am worried about liddle is that i will put a bet on for £10 stake and someone else will accept the bet and if i lose i have to pay their odds?? if not who actually pays??


You'll just lose the £10. Unless you are talking about spread betting - have you a link to the actual bet you are placing and I can confirm?
banned#18
cough yes me 5/1 too me and lulusmummy are dumb as each other
#19
what exactly constitutes as a spread bet??
would betting on a podium place with 3 diff drivers be spreadbetting
#20
Haha - is this a bet on lumoruk winning tomorrow? If so, don't touch with a bargepole - even at 100/1 :whistling:
#21
lumoruk
cough yes me 5/1 too me and lulusmummy are dumb as each other

Like i said, not for me, so kiss my swingers!
#22
Lulu'sMammy
what exactly constitutes as a spread bet??
would betting on a podium place with 3 diff drivers be spreadbetting


No a spread bet is a completely different way of betting and you'll know about it if you are doing it. Don't ask me to explain it because I can't! Take a look at https://www.bethilo.com/ and they let you 'pretend' to put on a spread bet so you can see what could happen if you do it for real. Click 'how to spread bet'
#23
i want to put £10 on 3 different drivers on betfair, the bet is "podium finish" does this mean that i have to pick all 3 drivers correctly to win or does it mean that i have seperate £10 bets on each to either come 1st 2nd third, the 3 drivers i want to bet on are hamilton (9/5) vettel (4/5) and glock (7/5)
if i stick each of their stakes to £10
and neither of them come 1st 2nd or 3rd
do i only lose £30 in total (which im not bothered about as my quidco of £30 cashback should track
or am i going to get done up the bum and owe whoever bet against me alot of money??
banned#24
don't worry lulusmammy I'm a sure thing for tomorrow
#25
Lulu'sMammy
i want to put £10 on 3 different drivers on betfair, the bet is "podium finish" does this mean that i have to pick all 3 drivers correctly to win or does it mean that i have seperate £10 bets on each to either come 1st 2nd third, the 3 drivers i want to bet on are hamilton (9/5) vettel (4/5) and glock (7/5)
if i stick each of their stakes to £10
and neither of them come 1st 2nd or 3rd
do i only lose £30 in total (which im not bothered about as my quidco of £30 cashback should track
or am i going to get done up the bum and owe whoever bet against me alot of money??


No you can't lose more than the amount you stake and you'll be able to confirm what the stake is £30 before confirming the bet. If it was a spread bet you'll get a warning that you can lose more than the stake, but doesn't sound like a spread bet to me!
#26
Tell the catcher man to stop betting like an ambler gambler and get back to photo shopping his guns :thumbsup:
#27
StevenA2000_uk
Tell the catcher man to stop betting like an ambler gambler and get back to photo shopping his guns :thumbsup:

And tell you to get adding me to messenger....
#28
and three separate 'podium finish' bets is just that. Separate bets on each driver to get on the podium.
#29
Lulu'sMammy
And tell you to get adding me to messenger....


he's already on my message blondie :p
#30
StevenA2000_uk
he's already on my message blondie :p

I was on about me ya muppet.
#31
hamilton (9/5) vettel (4/5) and glock (7/5)

with £10 on each, if Hamilton got a podium place and the other two didn't you would win £18 + £10 returned from your £30 free stake. i.e. £28 back in your account to withdraw to your bank, and if one of the others got there too, well, you'd be doing even better!

So £28 is the least you'll get back if only one of them gets a place
#32
Betfair is just like any other bookies apart from the bookmaker doesn't cover the bet its another punter betting on the opposite selection. So take Hull v Liverpool. You can bet Hull to win or Liverpool to win just like a normal bet in a shop. However you can be on what is normally the bookies side of things and bet your money on Hull or Liverpool NOT winning. You bet is them matched against the other punters. So most people will put money on Liverpool to WIN or Hull to LOSE so you will get better odds on Hull to WIN or Liverpool to LOSE.

You can if you wish and I have done before (but timing is key). Bet on a win at a normal bookies and then cover your bet on betfair by betting your chosen team to lose. But you don't make much out of this unless you have free stake money to play with. There is a big thread on this site somewhere.
#33
Lulu'sMammy
I was on about me ya muppet.


I have Blondie :p
#34
Good luck to ALL involved in this bet - I forgot to say that. It seems like a good use of the free bet to me :thumbsup:
#35
http://img5.imageshack.us/img5/8293/betfairt.jpg
"liability says £30 so is that confirming that if i lose all 3 bets, ill only lose £30 max, and also who pays the person who bets against me, and if its the house, how do they afford that as surely after every bet there is a loser and sum1 needs to be payed??"
#36
Lulu'sMammy
http://img5.imageshack.us/img5/8293/betfairt.jpg
"liability says £30 so is that confirming that if i lose all 3 bets, ill only lose £30 max, and also who pays the person who bets against me, and if its the house, how do they afford that as surely after every bet there is a loser and sum1 needs to be payed??"


Don't worry about that last question. The only people who ultimately lose are the punters like yourself. The bookies basically can't lose as they will lay off some of their own liability with other bookmakers.

Just go ahead and lay those bets. You have a good chance of getting £28 minimum back as well as your quidco, but don't forget that quidco isn't guaranteed. I had no probs with this bookmakers a year ago when I did the same :thumbsup:
#37
Yes the bet is fine and your £30 stake is all you can lose. Not normally worth much of a bet on F1 as the odd aren't great. But have given it a whirl and chucked £5 on Kovalainen. I think he will brim his car and do a one stop. By the time he has to put the soft tyres on it will be later and the track will have cooled.
#38

Whoohooo!

You got Vettel on the Podium! Well done!! * PROFIT *

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