Confused??

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Confused??

Postby Bob » Mon Sep 20, 2010 4:38 pm

Hi all,
I have just done a £20 deposit bet but am left a little confused at the outcome so any help would be great!

Heres what i did:
I deposited £25 (by accident!) and made my qualifying bet on a nice horse arb of backing 4.5 for £25 and laying 3.75 for 25.86.

I then used the free bet (SNR) and placed a £20 back bet at 5.5 and layed off at 3.67 for 28.35.

I actually though it was a SR but was wrong and realised after, hence the overlay on the free bet!

The horse won, so from the above theoretically i should be down by about £15 because of the cock up on the free bet that cost me about £18. Including the free £20 my overall profit should be +£5.

My accounts are confusing me though:
My Betfair balance (pre-bet) was £340 and post bet was £193. A loss of £147

The bookie account in question though now has a total balance of 220.

Take out my deposit of £25 and thats a profit of £48.......SOMEHOW!?

Have I somehow managed to make a profit from this cock up!?
Bob
 
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Joined: Thu Jul 01, 2010 10:13 am

Re: Confused??

Postby bull » Mon Sep 20, 2010 6:41 pm

You should have made at least £18 profit from your original £25 bet as you appear to have under layed it, the correct lay should be £30.41
Sometimes I think I know everything......then I wake up.
bull
 
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Joined: Sun Apr 12, 2009 8:09 am

Re: Confused??

Postby Admin » Mon Sep 20, 2010 6:47 pm

I wish my mistakes would make me money. Looks like we have another lucky sharpalikey :lol:
Admin
 
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