Betting on Housemates on Betfair

[eggdavid]

alright -- can someone give me a quick tutorial on what i'm supposed to do -- i want to place £50 on lisa leaving tonight -- i know i need to create an account, but then what? how do i even get to the big brother section?

also, i heard that if i bet £50 on lisa leaving but she actually stays i'll get 25 back because it's my first bet, is that true?

cheers

[Locke.]

Big Brother section- http://www.betfair.com/?rfr=63&mi=100609031&ex=1

Not sure how to place bets on there though

[eggdavid]

don't answer all at once guys, its hard to keep up with all the information

can someone at least tell me if it's true that you get 25 back if you bid and lose because it's your first?

[eggdavid]

bump'd

[MissKittyFantastico]

As far as I know by placing a bet of over £25 you get a second bet of £25 for free, whether you win or lose on your initial bet?

[Mickey2009]

don't answer all at once guys, its hard to keep up with all the information

can someone at least tell me if it's true that you get 25 back if you bid and lose because it's your first?

No its not true. You get a free £25 bet.

[Mickey2009]

Dont even know why i'm helping you, you gimmie nothing but grief...but there isn't a bad bone on my body so...........

Be careful, the first bet you have has to be a loser.

How to claim your free £25 bet:
1. Open your account
2. Deposit and stake up to £25
3. If you lose your 1st placed bet, you get that stake back within 24 hours (up to £25)

[eggdavid]

well, i hope i did that right -- i placed a £50 bet that Lisa will leave on 1.07 odds but my account still shows i have £46.50 left in my wallet -- i only put in £50, so why? the 'liability' (whatever the **** that is) of the bet was £3.50, but why hasnt the money in my wallet gone down much lower?

im sure there are people on this forum who use this thing to bet and can explain this

[nut]

what did you click lay or back? blue tab or pink?

[eggdavid]

what did you click lay or back? blue tab or pink?

lay, pink one

it says "Bet Status: The following bets were successfully matched" and mine is under it

but in the top corner it says:

Total available: £46.50
Main wallet: £46.50

how can i still have that much left if I chose £50.00? it has only been deducted by the £3.50 liability, i dont understand how this thing works

[nut]

well, i hope i did that right -- i placed a £50 bet that Lisa will leave on 1.07 odds but my account still shows i have £46.50 left in my wallet -- i only put in £50, so why? the 'liability' (whatever the **** that is) of the bet was £3.50, but why hasnt the money in my wallet gone down much lower?

im sure there are people on this forum who use this thing to bet and can explain thisi see what you mean now. betfair is not a bookies what you are doing is betting against another member of the public, what you have done is put £50 on lisa going where as not enough people are laying bets that lisa will stay the odds 1.07 are not worth the bet you have to put £14 to win £1 back LOL put £50 on win £3

[Mickey2009]

You laid Lisa to be evicted. .. lol you want Lisa to stay now.

If Lisa is evicted you lose £3.50

If Lisa Stays you win £50.00

[PaulyJ]

Liability is the amount you stand to lose, if you placed a 50 quid bet on blue (back) then i dont see a reason for your balance to be 46 quid are you sure, sometimes the whole amount does not get matched straight away and you may still have money waiting to be matched which means the odds changed after you made your bet and you should cancel the remaining 46 and rebet at the changed odds, are the odds 1.06 now or lower?

[eggdavid]

this is what i see right now:

http://i29.tinypic.com/vrwmbm.jpg

i wanted to lay £50 on lisa leaving, did i click the right options? this is confusing as **** -- should i cancel, and if so, how do i do that?

this is the last time i use betfair :laugh:

[nut]

its not worth the risk for such little money £50 to win £3 is just not worth it

[eggdavid]

ugh, so how do i cancel it? and what other odds should i bet on?

[nut]

click back if you want to bet she gets the boot
click Lay if you think she will stay

once bets are matched you cant cancel them

[eggdavid]

:mad:

[nut]

:mad:what have you done?

[PaulyJ]

You have laid Lisa to go

In simple terms if she goes you lose 3.50

You wanted to Back (Blue)

However i dont see how you get 50 quid winnings from a lay bet of 3.50


I would make sure all unmatched bets are cancelled and leave well alone for no

[eggdavid]

nothing, im just annoyed at how confusing this whole thing is

i didnt realise i'd only get £3, i kept confusing it with a real bookie's and thinking i'd get my original £50 back too so i'd end up with £103

[nut]

You have laid Lisa to go

In simple terms if she goes you lose 3.50

You wanted to Back (Blue)

However i dont see how you get 50 quid winnings from a lay bet of 3.50


I would make sure all unmatched bets are cancelled and leave well alone for noyou are confusing people

back is to go
lay is to stay

[eggdavid]

so, looking at the screencap i posted above -- if lisa goes tonight, i'll get £3? or £53?

[PaulyJ]

EggDavid can you click the radio button marked liability on the bet and tell us what the 53 figure changes too?

[eggdavid]

3.50

[nut]

so, looking at the screencap i posted above -- if lisa goes tonight, i'll get £3?no you have layed £50 on lisa staying if she stays you win £50 if lisa goes you lose £3.50

you bet that she would not go in my eyes its a good bet you only lose £3.50 if she goes where if she stays you pocket £50

[eggdavid]

yeah that doesnt sound so bad

im confused at how i acidentally bet that she stays though, im sure the lay button said that i was going to be betting on her getting kicked out :shrug:

[PaulyJ]

so, looking at the screencap i posted above -- if lisa goes tonight, i'll get £3?

No if she goes you lose 3.50 red equals lose green = win

i would be happy to believe that you will lose 3.50 and win 50 if someone else goes as thats what the figures in the cap show.

And i'm sorry to complicate things but it says you have layed 50 quid in the pink bet slip to the right and that would mean you lose your stake 50 quid plus a further 3.50

but it does not show this in the figures next to the names

[nut]

so, looking at the screencap i posted above -- if lisa goes tonight, i'll get £3?

No if she goes you lose 3.50 red equals lose green = win

i would be happy to believe that you will lose 3.50 and win 50 if someone else goes as thats what the figures in the cap show.

And i'm sorry to complicate things but it says you have layed 50 quid in the pink bet slip to the right and that would mean you lose your stake 50 quid plus a further 3.50

but it does not show this in the figures next to the names you lay £50 but your liable to lose £3.50 the money in his/her account at the top £46.50 is safe.

[spitfire]

And i'm sorry to complicate things but it says you have layed 50 quid in the pink bet slip to the right and that would mean you lose your stake 50 quid plus a further 3.50

No,thats the 'backers' 50 quid added to his 'imaginary'wallet.So if Lisa goes he will payout £53.50.
If she stays the whole £53.50 will move to his 'real' wallet.The 46.50 is ok.

[PaulyJ]

Arr ok i am worrying for nothing, sorry for the confusion

Btw that is not a bad bet at all in that case, well worth the punt.

[eggdavid]

so, just to summarise -- if lisa goes tonight, i lose 3.50 -- if anybody BUT lisa goes tonight, i win 53.50 which will be added to the 46.50 in my account?

just double checking, theres been a few conflicting views in this thread :laugh:

[spitfire]

so, just to summarise -- if lisa goes tonight, i lose 3.50 -- if anybody BUT lisa goes tonight, i win 50.00

I've altered your post to make it correct.:thumbs:

[eggdavid]

alright, cheers lads :thumbs:

[nut]

And i'm sorry to complicate things but it says you have layed 50 quid in the pink bet slip to the right and that would mean you lose your stake 50 quid plus a further 3.50

No,thats the 'backers' 50 quid added to his 'imaginary'wallet.So if Lisa goes he will payout £53.50.
If she stays the whole £53.50 will move to his 'real' wallet.The 46.50 is ok.

if lisa stay's he/she will have £100 in the bank
if lisa goes he/she will have £46.50 in the bank

[spitfire]

And i'm sorry to complicate things but it says you have layed 50 quid in the pink bet slip to the right and that would mean you lose your stake 50 quid plus a further 3.50

No,thats the 'backers' 50 quid added to his 'imaginary'wallet.So if Lisa goes he will payout £53.50.
If she stays the whole £53.50 will move to his 'real' wallet.The 46.50 is ok.

if lisa stay's he/she will have £100 in the bank
if lisa goes he/she will have £46.50 in the bank
Yes,£53.50 + £46.50 = £100:thumbs:

[eggdavid]

btw have any of you lads also got bets on tonight?

[nut]

And i'm sorry to complicate things but it says you have layed 50 quid in the pink bet slip to the right and that would mean you lose your stake 50 quid plus a further 3.50

No,thats the 'backers' 50 quid added to his 'imaginary'wallet.So if Lisa goes he will payout £53.50.
If she stays the whole £53.50 will move to his 'real' wallet.The 46.50 is ok.

if lisa stay's he/she will have £100 in the bank
if lisa goes he/she will have £46.50 in the bank
Yes,£53.50 + £46.50 = £100:thumbs:
not a bad bet, id rather risk 3.50 to win £50 than risk £50 to make £3 and have david walk its a good chance he will? at the end of the day there is no point risking £50 to make so little money.

I think the op will be £50 up at 10.35pm:whistle:

[spitfire]

btw have any of you lads also got bets on tonight?
Not on BB but i'm doing ok on the tennis.:hello:

[PaulyJ]

Seems your in an ok position


Just for my future reference, am i correct in thinking lads? that if he we're now to back for 50 quid if the back odds we're now 1.07 he would effectively be calling off the bet at no loss no gain

If the back odds we're 1.06 he would lose 0.50p regardless of outcome

[spitfire]

Seems your in an ok position


Just for my future reference, am i correct in thinking lads? that if he we're now to back for 50 quid if the back odds we're now 1.07 he would effectively be calling off the bet at no loss no gain
Yes but BetFair would take there cut from his win part.So he would still lose.(pennies)

[nut]

btw have any of you lads also got bets on tonight?i put money on them all weeks ago

i put £10 on them all losing i.e what you have done lay bet

siavash to lose i get £40 if he wins i pay out £30
sophie to lose i get £45 if she wins i pay out £35
rodrigo to lose i get £45 if he wins i pay out £35
charlie to lose i get £140 if he wins i pay out £130

the most i can lose is on charlie = £130 if you look how much i win back from rod, sophie, siavash if charlie did win 40+45+45 = £130 i brake even

if charlie loses and lets say sophie wins i will get £140+40+45= £225 win-win or draw. my stake was £130

[spitfire]

btw have any of you lads also got bets on tonight?i put money on them all weeks ago

i put £10 on them all losing i.e what you have done lay bet

siavash to lose i get £40 if he wins i pay out £30
sophie to lose i get £45 if she wins i pay out £35
rodrigo to lose i get £45 if he wins i pay out £35
charlie to lose i get £140 if he wins i pay out £130

the most i can lose is on charlie = £130 if you look how much i win back from rod, sophie, siavash if charlie did win 40+45+45 = £130 i brake even

if charlie loses and lets say sophie wins i will get £140+40+45= £225 win-win or draw. my stake was £130 What if David or Lisa wins?:joker:

Naw,you've done well with those bets.:thumbs:

[PaulyJ]

As for Tennis Spitfire

Are you trading the Tennis or just betting on your favourite to win

I have lost many times trading Tennis, but made a massive profit on trading darts

[nut]

btw have any of you lads also got bets on tonight?i put money on them all weeks ago

i put £10 on them all losing i.e what you have done lay bet

siavash to lose i get £40 if he wins i pay out £30
sophie to lose i get £45 if she wins i pay out £35
rodrigo to lose i get £45 if he wins i pay out £35
charlie to lose i get £140 if he wins i pay out £130

the most i can lose is on charlie = £130 if you look how much i win back from rod, sophie, siavash if charlie did win 40+45+45 = £130 i brake even

if charlie loses and lets say sophie wins i will get £140+40+45= £225 win-win or draw. my stake was £130 What if David or Lisa wins?:joker:

Naw,you've done well with those bets.:thumbs:i never bet on them the odds were mad somthing like £10 i would need like £500 in the bank the only ones iv bet on are the ones above. i stuck them on when freddie got knocked out the odds were good back then for 4 main HM i had money on marcus £10 to win @ 8-1 but he lost LOL never mind

[spitfire]

As for Tennis Spitfire

Are you trading the Tennis or just betting on your favourite to win

I have lost many times trading Tennis, but made a massive profit on trading dartsTrading.I usally lay the 3-0.I agree,i do make more on Darts also but i've never been hit big on Tennis,i never lost a penny during Wimbledon.

Tonights eviction-
Total matched on this event: £50,086
Total bet on Lisa: £45,336

[nut]

i lay favorites to lose in horse racing i do allright small bets £2 favoraites lose more than they win if you have a good day just betting £2 on each race for the favorite to lose make about £50-60 a day

[PaulyJ]

As for Tennis Spitfire

Are you trading the Tennis or just betting on your favourite to win

I have lost many times trading Tennis, but made a massive profit on trading dartsTrading.I usally lay the 3-0.I agree,i do make more on Darts also but i've never been hit big on Tennis,i never lost a penny during Wimbledon.

Tonights eviction-
Total matched on this event: £50,086
Total bet on Lisa: £45,336


I tend to back the fav to win at low to mid odds, around 1.3 and it is truly amazing how often my back spurs on the underdog, and the odds u-turn

This years Aus open Verdasco V Nadal saw me backing Nadal at 1.3 then i lost my nerve and layed at 1.60 only to see the odds reverse, backed again at 1.30 and it reversed again.

I wont be making that mistake again by the time Nadal won i was 120 red on both sides

Using the same method in darts, especially in the early rounds seems to work as the players seem a lot more consistant and predictable

[spitfire]

i lay favorites to lose in horse racing i do allright small bets £2 favoraites lose more than they win if you have a good day just betting £2 on each race for the favorite to lose make about £50-60 a day
Thats how i started.Also lay the fav for place only,in seven or fewer fields.

[spitfire]

I wont be making that mistake again by the time Nadal won i was 120 red on both sides
Ouch!Thats where disipline comes into the equation,buddy.

[PaulyJ]

I was sitting on a Befair bank of 200 worked up from a measly 20 from soccer 4.5 goals market at the turn of the year

By the end of the first Darts tourni of the year January i was looking at a bank of 700

Then feeling high and a bit giddy on the ease of my banks increase i started panicking about what to replace Darts with, and figured Tennis has the same sort of odds movement. Que The Ausi open and reality hit by the end of it i was looking at a bank of 120

You are right disiplin is key, i now have changed my staking plan and dont actually have a bank per say

When i get my wages, (weekly) i stick 40 quid into BF the i try to double it if i succeed i pay myself back and continue, if i lose the 40 i wait till the following week to bet again. It stops me from betting more than i can afford, and stops the old more you win more you gamble scenario.
I'm taking more out of BF than i am putting in so i am happy for now :hello:

[spitfire]

I'm taking more out of BF than i am putting in so i am happy for now :hello:
That's what it's all about mate,profit.Good luck,apart from when you are backing and i'm your trader/bookie!:joker:

[PaulyJ]

:bawling::bawling:

Well i hope you spent my dosh wisely :thumbs: