[RtooDee2]

Would love to go back in time to last year and put money on Rachael Rice to win at the the start.
She was probably 100/1.
Good luck on your bet mush!

[BB22]

Originally posted by Claymores

I'll use the real world example:

TheDarkHorsey has placed a shrewd bet of £50 on Marcus back when it was 33/1. This offers a huge profit of £1650 if he wins or a £50 loss if he doesn't.

What the forum member could choose to do is to hedge now that Marcus' odds have shortened greatly:

He could go on Betfair and lay Marcus (that is to say bet against him winning) using a proportion of the notional profits from the original bet.

He could offer another punter a bet of £300 @ say 9/2 the Marcus win (at a potential cost of £1350)

If Marcus then won, the FM's GUARANTEED PROFIT would be £1650-£1350 = £300

BUT ALSO

If Marcus didn't win, the FM's FUARANTEED PROFIT would be £300 (the Betfair punters' stake) less £50 (the FM's original stake money) =£250

SO, in thiis example, £300 profit if Marcus wins, £250 profit if he doesn't win with no losing possibilities.

The amount of the lay, is of course, just an example and TheDarkHorsey could throttle that down such that he/she has the chance to win more if Marcus wins and maybe just break even (by covering the £50 stake with a £50 lay) if Marcus is not the winner.

Hope this all makes sense!!!!

It certainly does. Thanks for the explanation.

[daisyhotstuff]

your making an offering to your idol, nothing more.
kiss the moeny & stinky tooth marcus goodbye.

[ElProximo]

Originally posted by Zien
Say goodbye to your money - you might just as well have burnt it

It would take some sort of astonishing turn of events.
Charlie and Rodrigo abuse a puppy but Marcus rescues the puppy and nurses it back to health.. ..then decides he is no longer a fukktard, apologises to everyone and cuts his hair..
..and even then I still think its a longshot for the win.

Many years ago I was telling these guys how and why this guy Buster Douglas most definitely could beat Mike Tyson for a heavyweight title fight.
Everyone thought I was from Mars but it did occur to me if I had bet on that I'd have made a lot of money.
So anything can happen.

[Niamh.]

Originally posted by Deliverance
I am sweating my socks of now. Cmon the darkhorse! Odds of 11/4 with a return of 3750.

No recession in your house then!!