Multiples - laying manually

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Hello,

I need to do multiply lay betting.. 3 bets in one slip, How can i do this as matchbetting? i need to do this to wager.

any help is gratefuly appreciated?

[Andy]

Chose three events which finish at a staggered time, then lay each incrementally as time goes on.

First bet just lay the amount you want to win overall (Prob deposit + 50% of the bonus is a good rule of thumb). If it loses then that is your 50% of bonus profit and you are done. If it wins your second lay should be your first lay amount (Prob deposit + 50% of the bonus) + your second lay amount liability. If that loses there is your 50% of bonus profit. If that wins though you now lay your initial deposit + 50% of bonus, the loss on first bet and loss on second bet.

After all said and done you come out with profit of 50% of the bonus if any of the bets lose, or hopefully more profit than that if all three win. The exact amounts to lay will depend on the odds you are getting, how you feel about the bets, how much commission you are going to pay when all said and done (towards the end this adds up if not on Smarkets). There is no hard and fast rule to it but follow that basic idea and you wont go far wrong.

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Hello all,

Ok, I have put myself into a bad position. I signed up with a bookie that required triple bets to complete the wagering requirements. I wasn’t aware of this so I made my match bet with my betting exchange and unfortunately the bet at the bookie won. Now I have some problems to complete the wagering process with limited amount of money.
I have seen all the multi threads here in the forum but I didn’t find them clear enough. So I´m now about to do my triple bet against my betting exchange, since the prices seems to be very bad with the multiple on betfair I want to lay the bets accordingly after the matches. So here is the outcome..
Let say that I Back 100 for the 3 matchers on the bookie. With the following odds.

Day one = Match 1 = 3,4
Day two = Match 2 = 1,7
Day three =Match 3 = 1,4
So the total odds and potential return will be odds 8,092 @ 100 = 892
Now into the lay part at the betting exchange
Day one = Match at ( lay 3.7 ) so total lay amount 95.89 and liability 258,903
If um unlucky in this match I will lose 258 at my betting exchange.

So how much do I need to lay for day two? And three?
I would be happy for any advice and input into this
Thank you

[Diamondgeezer]

OK the vital part of this is the 892. This is the number you always need to be working from.


The thing you need to be aware of is the odds moving against you in matches two and three. If you lay 95 on match one and the odds move against you on the others then you could get into a really bad situation in leg three.

I would look to adjusting your lay stake on match one downwards to say €70 or something. It will hit your profits a lot but reduce the risk of bad prices on matches 2 and 3.

Work back from the 892 figure and make sure that if match 1 wins your forward liability is not too high. Obviously the key to this is the exchange prices on matches 2 and 3.

3.7/3.7 is a poor match for the first game so you don't want to be building up a big liability if it wins at the bookie. So lay less on match one is my advice.

[Mariner13]

Yes agree with Diamondgeezer, when doing multis and laying separately, i always try and get highish odds on the first leg and underlay that 1st bet a fair bit.

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Ok thx guys, So what odds would you be looking for match 1 and the others, should i start witha a lay odds match around 2 and underlay that one a bit?

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I tested to bet 3 games today by using betfair lay multi feature... Does anyone has experience out from this, here i can close the slip at the same time but with a little bit lower odds?

[Andy]

I tested to bet 3 games today by using betfair lay multi feature... Does anyone has experience out from this,

From what I can remember this is a bad idea and adds a large overound to your lay amounts. I think you need to do it manually as and when the games finish not all at once at the start. Maybe you can do it all at the start but in practice that is not how I have ever done it.

Ok thx guys, So what odds would you be looking for match 1 and the others, should i start witha a lay odds match around 2 and underlay that one a bit?

I dont think it is the odds that are the problem as much as your lay stake amount. "If" this was a 50 deposit get a 50 bonus, so 100, then I would lay 75 first bet. Why do you think you should be laying 95.89? I think that is the number you have wrong the others dont look great but are not too bad either, the 95.89 is the Elephant in the Room.

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yes the problem is that i have 450e to bust out, and i dont have very much money on my exchange bookie.. Im not sure what odds that i would choose for the first game
and how to carry on the other matchers if the first one bust to cover the losses?

[Andy]

yes the problem is that i have 450e to bust out, and i dont have very much money on my exchange bookie.. Im not sure what odds that i would choose for the first game

Probably about Evens but this is the bet you CAN garuntee what you will be laying at so put in a lot of time/effort getting it close. The next two make as low as the T&Cs allow there will be less variance then, even if a 1.5 shot has a massive 10% drift it is still only 0.5 different in reality,

and how to carry on the other matchers if the first one bust to cover the losses?

Read my answer before up above in this thread, you take your total loss to date and add to that your deposit and amount you want to win, that is how much you lay each time.