hi all

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hi all

Postby smet » Mon Dec 01, 2008 12:56 pm

just a little question
gonna do the reading vs coventry bet
its a qualifing bet for unibet for me so am i better waiting for lower odds or do i put £20 on coventry to win at 7.00 and £19.05 lay bet with betfair

then wait for odds over 6 to back with free bet
cheers mick
its a little confusing but im getting there slowly :)

also does this mean u have to have six bets or six times the ammount to win


Before you can make a withdrawal or transfer the money to poker and casino, the bonus amount has to be turned over 6 times in our sportsbook on odds 1.40 or above.
thx again
smet
 
Posts: 56
Joined: Thu Nov 27, 2008 11:09 am

Re: hi all

Postby InFeRnO » Mon Dec 01, 2008 2:09 pm

smet wrote:just a little question
gonna do the reading vs coventry bet
its a qualifing bet for unibet for me so am i better waiting for lower odds or do i put £20 on coventry to win at 7.00 and £19.05 lay bet with betfair


For qualifying odd's you want to stick to the closest minimum odd's required (most bookies are 2.0). Anywhere between 1.0 and 5.0 are ok for qualifying odd's. The lower they are the less you will have to have in your betfair account to cover the liability.

But going on the example you've given, at the time of posting the betfair lay odd's for the reading v coventry game are 7.2, and your back odd's are 7. Using the calculator it gives the following figures.

Lay risk: £121.40 (you will need this amount in your betfair account before you can place the bet)

Profit: £18.60 (this is how much you get back regardless of the outcome, so its cost you £1.40 to gain a £20 free bet)

Lay Stake: £19.58 (the all important figure, this is the amount you have to 'lay' at betfair to ensure it costs you only £1.40 to gain your free bet)


smet wrote:then wait for odds over 6 to back with free bet
cheers mick
its a little confusing but im getting there slowly :)


Well this will depend on how quickly they credit you with your free bet, if they have already given it to you then yes go ahead and place another bet straight away. I'm not sure if you can place it on the same selection, check their T&C's first.

smet wrote:also does this mean u have to have six bets or six times the ammount to win

Before you can make a withdrawal or transfer the money to poker and casino, the bonus amount has to be turned over 6 times in our sportsbook on odds 1.40 or above.
thx again


In effect yes, before they will allow you to withdraw any of the free bet winnings you will have to turn it over 6 times.

Dont worry though, as in all cases, your hoping to lose at the bookies and win at betfair. So then you wont have to go through all the hassle of betting it 6 times to withdraw it. ;)
Current Profit £1985.09

Purchases with the profit:
LG 37" Full HD LCD TV
Playstation 3

:D
InFeRnO
 
Posts: 489
Joined: Tue Sep 16, 2008 2:38 pm

Re: hi

Postby smet » Mon Dec 01, 2008 7:28 pm

not done the bet yet think ill wait for better qualifing odds only got 72 quid in my betfair yet
and only got 1 free £20 yet and thats from skybet

i also tried to deposit £20 into unibet and it said my card isnt 3d secure so i rung them and they said that the 3 d secure isnt in the uk yet,and they would cancel that on there side still waiting to hear from them and anyway unibet would be a qualifying bet and not found odds for that yet
smet
 
Posts: 56
Joined: Thu Nov 27, 2008 11:09 am

Re: hi

Postby 0james0 » Mon Dec 01, 2008 8:12 pm

smet wrote:not done the bet yet think ill wait for better qualifing odds only got 72 quid in my betfair yet
and only got 1 free £20 yet and thats from skybet

i also tried to deposit £20 into unibet and it said my card isnt 3d secure so i rung them and they said that the 3 d secure isnt in the uk yet,and they would cancel that on there side still waiting to hear from them and anyway unibet would be a qualifying bet and not found odds for that yet


Best tip I can give to you and anyone else starting out is TAKE YOUR TIME! the bookie offers aren't going anywhere so try not to rush through bookies (unless you are desperate for the cash, then smash and grab!) take your time and max out how much you get from each bookie.

Start off with all the small ones, Paddy Power have a good one at the min, bet £10 and get £20 free. With that you could lay at odds of 7.0 no probs with what you have in your bank. Then when your finished you'll have £100 in your Betfair account. I've even posted a tip on here to take out the hard work for you!!

Also, try get off Betfair and on to Betdaq (if they will still give you the 2% commision, check here for details - viewtopic.php?f=5&t=12 )
0james0
 
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