Urgent betting help....

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

38 Comments

Im An Idiot Ignore 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

Liddle ol' me;5030307

odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake ba … 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:

Liddle ol' me;5030307

odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake ba … 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

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!

I would never bet on 1/5 odds - the risk is greater than the potential return imo

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:

Original Poster

Edited: 5/1

Original Poster

Liddle ol' me;5030307

odds of 1/5 mean you win £1 for every £5 you stake (plus your £5 stake ba … 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

Liddle ol' me;5030332

I would never bet on 1/5 odds - the risk is greater than the potential … 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

realfriendlyman;5030351

Hope that helps and glad to see Guv doesn't know something...otherwise he … 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:

Liddle ol' me;5030332

I would never bet on 1/5 odds - the risk is greater than the potential … 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:

lumoruk;5030355

but if it's a free bet :thumbsup:I did this last year on Lewis Hamilton … 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.

guv;5030357

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

realfriendlyman;5030385

Fine...you know MOST things...but obviously the spelling of stupid can … 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:

Lulu'sMammy;5030352

Edited: 5/1


Means i was right! :w00t:

Lulu'sMammy;5030354

what i am worried about liddle is that i will put a bet on for £10 stake … 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

Lulu'sMammy;5030354

what i am worried about liddle is that i will put a bet on for £10 stake … 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

cough yes me 5/1 too me and lulusmummy are dumb as each other

Original Poster

what exactly constitutes as a spread bet??
would betting on a podium place with 3 diff drivers be spreadbetting

Haha - is this a bet on lumoruk winning tomorrow? If so, don't touch with a bargepole - even at 100/1 :whistling:

Original Poster

lumoruk;5030409

cough yes me 5/1 too me and lulusmummy are dumb as each other


Like i said, not for me, so kiss my swingers!

Lulu'sMammy;5030421

what exactly constitutes as a spread bet??would betting on a podium place … 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 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'

Original Poster

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

don't worry lulusmammy I'm a sure thing for tomorrow

Lulu'sMammy;5030460

i want to put £10 on 3 different drivers on betfair, the bet is "podium … 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 £10and neither of them come 1st 2nd or 3rddo i only lose £30 in total (which im not bothered about as my quidco of £30 cashback should trackor 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!

Tell the catcher man to stop betting like an ambler gambler and get back to photo shopping his guns :thumbsup:

Original Poster

StevenA2000_uk;5030528

Tell the catcher man to stop betting like an ambler gambler and get back … 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....

and three separate 'podium finish' bets is just that. Separate bets on each driver to get on the podium.

Lulu'sMammy;5030532

And tell you to get adding me to messenger....



he's already on my message blondie

Original Poster

StevenA2000_uk;5030537

he's already on my message blondie


I was on about me ya muppet.

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

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.

Lulu'sMammy;5030546

I was on about me ya muppet.



I have Blondie

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:

Original Poster

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??"

Lulu'sMammy;5030609

"liability says £30 so is that confirming that if i lose all 3 bets, ill … "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:

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.


Whoohooo!

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