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Can I lock in a decent profit?

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  • 13-04-2008 1:54pm
    #1
    Culchie
    Registered Users Posts: 5,047 ✭✭✭


    I backed 10 for the masters at €4 each to win all on betfair

    Luke Donald 60 €4.00 €236.00

    Sergio Garcia 70 €4.00 €276.00

    Fred Couples 110 €4.00 €436.00

    Mike Weir 140 €0.98 €136.22 140 €3.02 €419.78

    Paul Casey 100 €2.75 €272.25 110 €1.25 €136.25

    Justin Leonard 210 €4.00 €836.00

    Scott Verplank 300 €4.00 €1,196.00

    Bernhard Langer 520 €4.00 €2,076.00

    Steve Flesch 910 €4.00 €3,636.00

    Mark OMeara 1000 €4.00 €3,996.00






    So now, Casey and Flesch are well up there, Casey now 8/1 and Flesch 10/1.


    Any way I can lock in a decent profit?


Comments

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    #2
    myflipflops
    Closed Accounts Posts: 2,817 ✭✭✭myflipflops


    Define what you consider to be decent? You can lay Flesch at 11/1 and Casey at 8.2/1. You're in a nice situation and if i was you I'd let the bets ride as the profit you could lock in isn't really worth the bother. For example, you could lay Flesch at the 12.0 (11/1) there for €150 which would produce a liability of €1650. As Flesch would already be a winner for €3600 for you (let's ignore commision), you would then be in a position where Flesch winning would pocket you €1950 (3600 minus 1650) and Flesch not winning would pocket you €146 (the 150 lay minus your initial 4). As you see, unless you really need the €146, it's really worth your while. It would be a similar situation for Casey. My advice would be to buy 6 beers, tell the wife to shut up* for 5 hours and sit back and enjoy the golf!!


    * this is probably not advisable in reality


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    #3
    twerg_85
    Registered Users Posts: 391 ✭✭twerg_85


    You could lock in about 300 EUR on Flesch and about 44 EUR on Casey, so just shy of 350 in total (ignoring commission).


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    #4
    Culchie
    Registered Users Posts: 5,047 ✭✭✭Culchie


    pwhite587 wrote: »
    As you see, unless you really need the €146, it's really worth your while. It would be a similar situation for Casey. My advice would be to buy 6 beers, tell the wife to shut up* for 5 hours and sit back and enjoy the golf!!


    * this is probably not advisable in reality

    Has been done ..... let it ride !!!!! (the money that is;))

    Ideal situation would be Immelman drop a couple of shots, Tiger keep quiet for first 5 holes, and if Flesch drops to 3/1 or so, I've got to consider pocketing a grand or so.


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    #5
    Culchie
    Registered Users Posts: 5,047 ✭✭✭Culchie


    Hedged my bet on flesch .... €1300 if he wins it, €300 if he doesn't. Only 9 holes left.


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    #6
    Culchie
    Registered Users Posts: 5,047 ✭✭✭Culchie


    Culchie wrote: »
    Hedged my bet on flesch .... €1300 if he wins it, €300 if he doesn't. Only 9 holes left.

    T'was a good move that:pac:


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