I hate that sinking feeling when you know you've done something stupid.
I was doing horses between SportingIndex and Spreadex this weekend, I read up on the rules, they're both the same, they handle rule 4 in the same way, all was good, then I found an arb, great. Only it wasn't an arb, SportingIndex had formed their market after a horse had pulled out, then the horse I backed won, down £40, bum.
So I celebrated by opening 2 new accounts, which I bust out of and I'm £72 up from them.
I still feel daft though.
it's sickening when it happens.
the only error i've ever made was a biggie - backing berbatov first scorer and laying to score anytime. in hindsight it was a thoroughly stupid thing to have done and i was furious with myself. cost me about £350 as i recall.
still, whilst it dents the spreadsheet it's can be quickly recouped- at least that's what you need to tell yourself!
Cautionary tale - when match betting - check, check and check again
Deposited £100 into 10bet tonight to take advantage of their 30% cashback offer.
checked on mkbassist and found MK Dons were 5.6 to win HT/FT against Northampton, BF were 5.5, so small loss as I expected the result not to be MK Dons HT/FT
Layed against was I thought was the same on BF, £102.73 for a loss of £2.30
Anyway, lost out with the cashback, so checked account at 10bet, £560 credited for the win,
Full Bet Info
Purchase Date: 28/04/2009 18:17:32
Purchased via: Internet
League: England - League One
Event Date: 28/04/2009 19:45:00
Q/A Event Halftime/Fulltime
Line Type: Halftime/Fulltime
Your Bet: Northampton vs. MK Dons - 2/2
Stake: 100.00 £
Win: 560.00 £
then checked BF, imagine my surprise to see this
Fixtures 28 April Northampton v MK Dons / Half Time/Full time / Northampton/Northampton
Lay5.50 102.73 Won 102.73
I'd layed against Northampton instead of laying against MK......... (odds were very similar for both, I know exactly what i did.....
If the result had gone any different (MK Dons won 1-0, 1st half goal), would have been down £562 at B/F and my £100 at 10bet.
As it happens, I finished up £560 at 10bet, and got my money back +£100 at Betfair
I'm still shaking
LOL thats EXCELLENT news i read your chit chat and thought you had LOST becasue of it. Ha Ha its happy days then. Maybe if you put it aside somewhere for the day it does go against you which lets face it will happen sooner or later its just a matter of time for us all.
bloody hell - no wonder you are shaking
I wagered bet my first freebet (€50) on a low payoff bet (1.5)
I spooked myself when laying at betfair recently too close to kickoff. After laying my funds balance was higher than expected on the account. I dived back to the market to review 'my bets' and to my horror saw I had layed two different outcomes. Much nashing of teeth and frantic attempts to calculate a back to limit the damage. Finally sorted it just before the market closed for a smallish loss...
... only to look back at the pending bets on my spreadsheet and realise that I had, of course, layed the other outcome as part of a MB pair earlier in the week. Doh. £50 down.
Moral - stop and think rather than panic and leave myself enough time to ask someone for advice.
i almost did the same as you foxy, backed 2-1 for the home team at 11s, and thought i had found a cracking match at 9.8 for the lay. unfortunately, i noticed i had layed 2-1 for the away team! it was on a cope libertadores match at 2am in the morning, so had trouble sleeping. woke up and had to check straight away in betfair and luckily it hadnt lost so i was up in betfair. unfortunately i didnt get lucky and the home team didnt win 2-1. lesson learned though and didnt get burnt. biggest loss so far is £50 when i backed at £25 but layed £35 by accident
If you get a hold of the Bet Trader Pro application it has a 'hedge' button you can click to have it automatically place the bets necessarily to hedge your current position optimally.
Originally Posted by Sisyphus
Having said this though it is good to know how to do it 'manually' (which for me admittedly is using my matching application hehe...)... all good fun.
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