Back/Lay/Green

[NRG]

After watching the bet angel videos and using the 14 day trial, there a certain aspects that confuse me and I cant find an explanation anywhere.

For example: These figures are just plucked so are not meant to be accurate just more an example of my question.

Firstly I back a horse at 5/1 for $100 then I lay the same horse at 4/1 for $100. This to my understanding gives me a $10 profit whether the horse wins or loses ......is this correct ??

Then according to my understanding of the videos I click on the green up option which then gives me a $3 win result regardless of which horse wins. ....is this correct

And if these factors are correct, why would I green up to win $3 when I already had $10 with my original Back and Lay bet.....I find this confusing and I assume I am missing a piece of the puzzle. Your help would be much appreciated

[Dallas]

"Firstly I back a horse at 5/1 for $100 then I lay the same horse at 4/1 for $100. This to my understanding gives me a $10 profit whether the horse wins or loses ......is this correct ??"

Not quiet, by backing for a $100 then laying for $100 at lower odds you have reduced any chances you have of a loss you will have £10 profit if that horse goes on to win but Zero profit or loss if any other horse wins - effectively you have whats known as a free bet (or no lose bet).

you can then spread that $10 across the rest of the runners so will now have $3 no matter which one wins (known as greening or hedging up)

You dont have to do this in two parts you can back $100 @ 5/1 then hedge/green up by laying @ 4/1 and Bet Angel will calculate the stake required to do this

[NRG]

Thanks Dallas, Now it makes sense, excuse my daftness