Great post thanks for the info
Hello would underlaying be the right thing if you have an offer where you only get a bonus if your qualifying bet loses ? Quite a few book makers seem to have an offer like that.
A "refund on losing bet" offer is basically just a 'free bet' by another name if you think about it in terms of what a 'free bet' actually is: with a stake not returned (SNR) free bet, you're getting a refund if the bet loses, it's exactly the same as a 'refund on losing bet' offer except that with an SNR free bet you get the stake refunded 'in advance' / before you place the bet.
Originally Posted by noahsnana
So yes, all things being equal you would treat a 'refund on losing bet' offer in exactly the same way as an SNR free bet, underlay it and preferably place it on the longest* possible odds for the best return.
* - Betting at longer odds gives you greater 'leverage' for each unit that you underlay at longer odds - ie compare the difference in backing £email@example.com + laying £firstname.lastname@example.org to backing £100@1000 + laying £90@1000. In both cases (assuming 0% commission for simplicity), your total profit/loss would be minus £10 if the back bet loses... but if the bet wins, at 1.1 you would only profit £1, whereas as 1000 you would profit a massive £9,990.
That said (hopefully obviously 1000 example above was just that, an example!), obviously you need to be careful backing/laying at very long odds since a very small movement in price at longer odds can cost a lot in lay liability, plus if the back bet is palped for some reason but then goes on to win, your overall loss would be a lot more than if you'd bet at shorter odds. Best thing is to bet on the longest odds you feel comfortable with (and obviously that your lay liability can cover reasonably).
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in order to introduce us on this type of gambling is necessary to have accounts on several bookmakers, right?