Football Trading Lounge (Betfair & co)

[Hebodk]

F*ck Betfair - out of order while dutching Hertha Berlin

Hope Union wont score another goal....

[Hebodk]

What a punch in the face

[Hebodk]

Layed 1-1 in Stoke-Sunderland @ 3,6

[gvardal]

Do you see any trading opportunities in today's games? I think i 'll take a day off...

[gvardal]

Thinking of laying X in St. Johnston-Patrick Thistle and Farnborough-Boreham.

St. Johnston-Patrick Thistle doesn't exist anymore in betfair's coupon. Is it postponed?

[gvardal]

Good trading day with two wins. St. Johnson was an easy winner (2-0), and Boreham won 0-1.

[bomber0104]

You lay the draw in a game lets say at odds 4,3. When the favourite team scores the odds of the draw go high ,lets say at 6,5. At this point you back the draw, that is trading out by staking an amount that gives you a profit no matter what the outcome of the game will be.

i'm not getting this at all... didnt u just bet on the draw twice in a game where one team is winning?

what am i missing here?

[latinrus]

i'm not getting this at all... didnt u just bet on the draw twice in a game where one team is winning?

what am i missing here?

He's doing Lay and Back

Lay is basically betting against the draw! And he does it before the game starts!

Backing is betting the draw. He does the back already on live betting when the favorite team takes the lead!

[gvardal]

Exactly! You Lay the Draw before the game starts or in-play. By "Laying the Draw" it's meant that i give the opprtunity to some other guy to bet on the draw. If game ends up X then i'll have to pay him, otherwise(if not X) i take the money that he bet on the draw. It's like being a bookmaker.

In trading, you don't let the game ends, instead you bet on the draw(after the favourite has scored) in order to take some profit no matter what. Just think of the stock market, if you buy low and sell high you make some cash. It's the same concept, just use draw's odds instead of stocks.

[decado]

buy low and sell high

there is a word for that in sports trading: lay low and back high!