It's telling me £23,000 stakes on a £10 profit dutching bet

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
Post Reply
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

Hi,

See here https://www.screencast.com/t/HzCshFz5b8

Also when dutching as soon as you select all of them everything goes to zero and you can't do anything. Is that supposed to happen?
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

Here's it all going to zero when you select all https://www.screencast.com/t/R34a5FvR
User avatar
to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

read the manual
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

The manual will tell me why it says £23,000 for that bet?

Did you want me to read the whole manual or is there a specific page that will tell me what I need to know?

You have 1500 posts on this forum you could have been a bit more helpful.
User avatar
Euler
Posts: 26457
Joined: Wed Nov 10, 2010 1:39 pm

You are backing everything apart from the outsider for some reason. What are you actually trying do with that position?
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

Why have you asked me why I was making that bet? The software has dutching as an option adn I was using it.
Because the position makes no sense. If you are backing all but the outsider, then you should lay the outsider. This avoids the spread between back and lay prices as well. it just doesn't make any sense. GIGO.
Last edited by Freepunt on Sat Apr 29, 2017 10:03 am, edited 2 times in total.
User avatar
to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

why can you not be bothered to read the manual?
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

You want me to read the whole manual?

Are you trolling me?
User avatar
to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

no not trolling you; you clearly are clueless to what you are doing, and betangel can do a lot of damage especially if you use dutching and booking making tabs incorrectly (live).

so read the manual, dont be lazy.
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

You call me lazy and reply with "Read the manual" instead of typing a couple of sentences to explain something.

The PDF file is 351 pages. You want me to read all of them?
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

In your example - you want to have only one loser in a market that has an overound of 4.7% - that loser itself represents 4.76% of the book (100/21) - it itself you should not be able to get a profit from this bet - but you decided to forgo a profit on a couple of them which managed to get a tiny percentage in your favour - hence the huge stakes just to get £10 on some of them. The £23k is all those lost stakes if that horse wins. See the stake column. You'd definitely be better off just laying it at the 24 on offer - at £10 your risk needs only to be £230.
User avatar
LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

Freepunt, when you select all of those selections it's goes to zero - the reason for that, is because you are asking for a £2 profit, but there isn't any profit at all by dutching all the selections at the current prices, in fact it would be a loss
Freepunt
Posts: 51
Joined: Sat Apr 29, 2017 9:11 am

Jukebox wrote:
Sat Apr 29, 2017 10:31 am
In your example - you want to have only one loser in a market that has an overound of 4.7% - that loser itself represents 4.76% of the book (100/21) - it itself you should not be able to get a profit from this bet - but you decided to forgo a profit on a couple of them which managed to get a tiny percentage in your favour - hence the huge stakes just to get £10 on some of them. The £23k is all those lost stakes if that horse wins. See the stake column. You'd definitely be better off just laying it at the 24 on offer - at £10 your risk needs only to be £230.
Just set up the same bet for £20 profit and it says the stake is just £443 so something is going wrong. https://www.screencast.com/t/riUbNppO
User avatar
LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

That's because you are backing every horse, apart from the outsider. However, the outsider may still win the race, in which case you are fooked because in order to get what you want with locking in £20 profit on the top horses, you are risking £443 that the outsider doesn't let you down
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

No - Nothing is wrong - its just that the odds have changed - see that the back book is now at 101.1% . The dutching screen shows current prices.
Post Reply

Return to “Bet Angel for newbies / Getting started”