Betting question

matt

Well-known member

Mar 19, 2007

1,539

• May 25, 2016

• #1

What is the best way to GUARANTEE that I don't lose or maximise my potential profit in the following scenario:

Market = NBA Championship 2015/16

I have placed two bets on the outright winner:
£1 Cleveland @ 4.7 (£3.7 profit)
£5 OK City @ 17.5 (£82.50 profit)

Odds for 4 remaining teams are now:
Cleveland 2.5
OK City 2.72
GS Warriors 4.6
Toronto 40

I could cash out now for £27.2 profit

It's on Betfair. Amounts shown are not the actual values but are relative to actual values.

Cheers

 

Nathan

Well-known member

Jan 8, 2010

3,754

• May 25, 2016

• #2

matt said:

What is the best way to GUARANTEE that I don't lose or maximise my potential profit in the following scenario:

Market = NBA Championship 2015/16

I have placed two bets on the outright winner:
£1 Cleveland @ 4.7 (£3.7 profit)
£5 OK City @ 17.5 (£82.50 profit)

Odds for 4 remaining teams are now:
Cleveland 2.5
OK City 2.72
GS Warriors 4.6
Toronto 40

I could cash out now for £27.2 profit

It's on Betfair. Amounts shown are not the actual values but are relative to actual values.

Cheers

Click to expand...

I think you have answered you own question. You can cash out for a GUARANTEED profit already. If you want more then just play around with the figures.

 

Dr. Notthenineo'clocknews

Remainer

Mar 19, 2007

7,060

The Graveyard & The Ballroom

• May 25, 2016

• #3

I've worked in the betting game for 27 years, what the hell ever happened to putting a bet on an event, waiting for it to finish and then either a)collect your winnings at the full odds or b) throw your ****ing slip in the Vera Lynn?

 

B

Blues Rock DJ

New member

Apr 18, 2011

4,007

Dorset

• May 25, 2016

• #4

As a matter of interest, any odds on promotion next season ?

 

clippedgull

Hotdogs, extra onions

Aug 11, 2003

20,789

Near Ducks, Geese, and Seagulls

• May 25, 2016

• #5

Blues Rock DJ said:

As a matter of interest, any odds on promotion next season ?

Click to expand...

 

S

Seasidesage

New member

May 19, 2009

4,467

Brighton, United Kingdom

• May 25, 2016

• #6

How the hell are Derby shorter than us when they finished 11 points behind us? Ridiculous

 

B

Blues Rock DJ

New member

Apr 18, 2011

4,007

Dorset

• May 25, 2016

• #7

clippedgull said:

View attachment 75127

Click to expand...

Thankyou

 

S

stss30

Registered User

Apr 24, 2008

9,545

• May 25, 2016

• #8

matt said:

What is the best way to GUARANTEE that I don't lose or maximise my potential profit in the following scenario:

Market = NBA Championship 2015/16

I have placed two bets on the outright winner:
£1 Cleveland @ 4.7 (£3.7 profit)
£5 OK City @ 17.5 (£82.50 profit)

Odds for 4 remaining teams are now:
Cleveland 2.5
OK City 2.72
GS Warriors 4.6
Toronto 40

I could cash out now for £27.2 profit

It's on Betfair. Amounts shown are not the actual values but are relative to actual values.

Cheers

Click to expand...

Seeing as the majority of your profit would come in with an OK city win, just lay OK city to win on the exchanges for around £45 (so your liability doesn't exceed your potential profit)