2 Back Bets, 1 Lay Ber

[nadeoye]

I am looking at a scenario where I place 2 Back bets and then try to lay it off of Betfair.

Unfortunately my maths is not that good.

I'm hoping someone could help me out with a way to calculate the corresponding lay bet that I would have to place to lay off my 2 back bets and return a profit ot at least break even.

[Derek27]

I am looking at a scenario where I place 2 Back bets and then try to lay it off of Betfair.

Unfortunately my maths is not that good.

I'm hoping someone could help me out with a way to calculate the corresponding lay bet that I would have to place to lay off my 2 back bets and return a profit ot at least break even.

You need to give more detail about your request. What price(s) are you placing these back bets at (for example) and are they on the same horse?

[nadeoye]

I am looking at a scenario where I place 2 Back bets and then try to lay it off of Betfair.

Unfortunately my maths is not that good.

I'm hoping someone could help me out with a way to calculate the corresponding lay bet that I would have to place to lay off my 2 back bets and return a profit ot at least break even.

You need to give more detail about your request. What price(s) are you placing these back bets at (for example) and are they on the same horse?

Actually, I dont intend to use it on horses.

This is for football.

As fir the prices, I would naturally be placing at available odds. All I just need to know is if there is value to be exploited.

Say for instance I back Team A to Draw and then I place another back for Team A to win.

I then jump on betfair and lay Team A to win.

I know there is a better way fo execute the above scenario but it's just a example to illustrate what I intend to acheive.

[Derek27]

I am looking at a scenario where I place 2 Back bets and then try to lay it off of Betfair.

Unfortunately my maths is not that good.

I'm hoping someone could help me out with a way to calculate the corresponding lay bet that I would have to place to lay off my 2 back bets and return a profit ot at least break even.

You need to give more detail about your request. What price(s) are you placing these back bets at (for example) and are they on the same horse?

Actually, I dont intend to use it on horses.

This is for football.

As fir the prices, I would naturally be placing at available odds. All I just need to know is if there is value to be exploited.

Say for instance I back Team A to Draw and then I place another back for Team A to win.

I then jump on betfair and lay Team A to win.

I know there is a better way fo execute the above scenario but it's just a example to illustrate what I intend to acheive.

What you're talking about is called arbing, or arbitrage. There is sometimes value. I haven't done it for years but there's a lot of value on US racing and I heard it's the same with greyhounds. There are probably a few opportunities with football as well. Who are you placing the back bets with?

[nadeoye]

You need to give more detail about your request. What price(s) are you placing these back bets at (for example) and are they on the same horse?

Actually, I dont intend to use it on horses.

This is for football.

As fir the prices, I would naturally be placing at available odds. All I just need to know is if there is value to be exploited.

Say for instance I back Team A to Draw and then I place another back for Team A to win.

I then jump on betfair and lay Team A to win.

I know there is a better way fo execute the above scenario but it's just a example to illustrate what I intend to acheive.

What you're talking about is called arbing, or arbitrage. There is sometimes value. I haven't done it for years but there's a lot of value on US racing and I heard it's the same with greyhounds. There are probably a few opportunities with football as well. Who are you placing the back bets with?

I used a combo of Bet365 and Coral.

Yeah...I know its called arbing. But most arb cals I see use only bak bets throughout. I've not found one that includes a mix of both back and lays

US Racing and Greyhounds.

I might checj that out. Though i dont know much about greyhounds

[Derek27]

Actually, I dont intend to use it on horses.

This is for football.

As fir the prices, I would naturally be placing at available odds. All I just need to know is if there is value to be exploited.

Say for instance I back Team A to Draw and then I place another back for Team A to win.

I then jump on betfair and lay Team A to win.

I know there is a better way fo execute the above scenario but it's just a example to illustrate what I intend to acheive.

What you're talking about is called arbing, or arbitrage. There is sometimes value. I haven't done it for years but there's a lot of value on US racing and I heard it's the same with greyhounds. There are probably a few opportunities with football as well. Who are you placing the back bets with?

I used a combo of Bet365 and Coral.

Yeah...I know its called arbing. But most arb cals I see use only bak bets throughout. I've not found one that includes a mix of both back and lays

US Racing and Greyhounds.

I might checj that out. Though i dont know much about greyhounds

To successfully arb, you just need to find a bookie offering higher prices than what you can lay on the exchange for. There's a calculator with commission included in the link below.

https://www.oddschecker.com/betting-too ... calculator