Do you get your wager back?

Do you get your wager back?

If the teams combine for the indicated total exactly, then the wager is a push (or tie) and all bets are voided and you get your money back.

Can you lose money on a bet even if you win?

Yes, you can lose money on a winning bet – but there’s nothing underhand about this fact. There are several scenarios where you will get a return off a bet that won’t be as much as the stake you placed, meaning you have lost on a winning bet.

What is back lay in betting?

Lay betting rose in popularity with the advent of betting exchange platforms where punters bet against each other rather than against a common book maker. While in a back bet, you essentially say “this horse will win”, in a lay bet you are betting that a particular horse will not win.

How is lay bet profit calculated?

Free bet – stake returned (SR) formulas

1. a) Profit if free bet wins: Profit = free bet value * back odds – lay stake * (lay odds – 1)
2. b) Profit if lay bet wins: Profit = (1 – commission) * lay stake.
3. c) To work out the ideal lay stake for even profit, no matter what the result:
4. d) Final profit for the free bet (SR) stage:

What happens when you win a bet?

If you lose the bet, you lose whatever amount you risked on the game. If you win the bet, your payout is determined by the price of the odds. Betting to win is completely different. It means you have to risk a pre-determined amount based on the odds in order to win your desired amount.

What percentage of bets do you have to win?

The breakeven point for a sports bettor is the percentage of bets they must win to at minimum so as not to lose. Obviously, the goal is to exceed this number and actually turn a profit. For the standard -110 odds, you need a winning percentage of 52.4\%.

How do you do back and lay for profit?

The back to lay arbitrage betting strategy is now the most common method of sports betting arbitrage and consists of two bets between a bookmaker and a betting exchange. This strategy allows bettors to back with a bookmaker and then lay the same outcome on a betting exchange for a profit.

How do you calculate a matched bet?

To find a close match manually for your qualifying bets, simply compare the odds on the bookmaker to the odds for the same bet on the betting exchange. This can seem daunting given that there are so many betting markets but start with the markets below which usually have the closest matches.

What is liability in matched betting?

What is Liability in Betting? Liability in Matched Betting is the amount you lose, or pay out, when a lay bet loses. Unlike back bets where you only lose the amount you stake no matter what the odds are, the liability of a lay bet is dependent upon the odds. The easiest way to demonstrate this is through an example.

How do the odds work in matched betting?

The higher the odds you use in Matched Betting the higher the liability of your lay bet will be and the more balance you will need available in the betting exchange. Those starting with small Matched Betting bankrolls are therefore advised to use lower odds for completing their free bets initially.

What happens if my lay bet loses or wins?

If your lay bet loses, you’ll lose your liability on the exchange, but win it back at the bookmaker. If your lay bet wins, your liability will be returned to your account plus you’ll also win your lay stake amount (minus any commission charged by the exchange).

How do I place a lay bet at a betting exchange?

To successfully place a lay bet at any betting exchange your balance at the betting exchange must be the same or larger than the liability of your lay bet. The higher the odds you use in Matched Betting the higher the liability of your lay bet will be and the more balance you will need available in the betting exchange.