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Question for users of betfair

  • 14-08-2007 11:08pm
    #1
    BrandonBlock
    Closed Accounts Posts: 570 ✭✭✭


    But there's a selection in a market for 1.30 which I can only get for 1.28 on the usual suspects (ladbrokes, boylesports, paddy power, etc)

    I would be staking a large sum of money on this, but I understand you have to pay commission on betfair winnings. Wondering would it be worth my while opening a betfair account for this bet (For the sake of the extra 0.02) or would it be eaten away with their commission (new user and all that). Thanks.


Comments

  • #2
    ArmaniJeanss
    Registered Users, Registered Users 2 Posts: 13,500 ✭✭✭✭ArmaniJeanss


    On most markets you have to pay 5% on your winnings so if your bet wins at 1.30 then you will get 1.285 Nett. So with the cost of the lodgement then its not particularly worth your while.

    Having said that, you could put up a request for 1.32 on the lay side, and if it got matched it would be better than the 1.28 the bookies would give you.

    And in general, if you're a serious (or even half-serious) punter then opening a BF account is a no-brainer really - there'll be many occassions when you'll be able to get 15%+ better odds on BF than in a bookies.


  • #3
    Bateman
    Registered Users, Registered Users 2 Posts: 4,818 ✭✭✭Bateman


    How much is available at the lay price?
    How much would you have to be able to turn over to make it worth your while?
    What are the chances that the lay price could disappear at any time?


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