I am going mad.

[Stewards enquiry]

I have layed Lisbon tonight. I am not used to Betfair but the penny has just dropped that if I had dutched the other two resuults away/draw with the same stake I would have won more for that bet then the layif Lisbon loses. If that is the case why have people layed Lisbon. Have they all lost it like me?

[Stewards enquiry]

Can anybody explain please why lay Lisbon when as I say dutch the other two and win more if Lisbon lose.

[icebreaker]

S.E., .......... can you post the odds of the three options (1,2,X) available on Betfair at the time you struck the bet?

[Stewards enquiry]

Icebreaker
No I am sorry I cant. But just looking at the bookies normal odds I would have won more if Lisbon had lost had I dutched.

[Stewards enquiry]

I am very new to Betfair. A lot to learn.

[icebreaker]

Then, what were the bookies odds .......... ???

[Stewards enquiry]

I think it was something like 4/6 11/4 9/4.. I got carried away wanting to start to lay. A novelty.

[Stewards enquiry]

I just didn't do my home work At my age I want locking up. Going for a drink now.

[icebreaker]

Respectfully, I would say you are mistaken in believing you were "done". Because it is really so unlikely (that there would be an under-round on an event at a specific time in any one individual market be it Betfair or Bookie) to be almost non-existent. No Bookmaker odds compiler would ever price up an under-round (less than 100%) book. The opposite is always the case (i.e., over-round) ........ even on Betfair.

[Merlin]

Those odds dont look right to me...

[mathare]

Hills went
Lisbon 10/11
Draw @ 9/4
Toon @ 12/5

[icebreaker]

Which makes an over-round book of 108%. Expected "house edge" for the bookmaker.

[susanwells]

I just didn't do my home work At my age I want locking up. Going for a drink now.

er.. what was that you just said Stewards ? Going for what....

[Stewards enquiry]

sorry.

[icebreaker]

Stewards, dude,

You don't have to apologise for having a beer! You had a drink ......... no need for sackcloth and ashes.

Anyway, a final comment on your thread question: Going on Mathare's prices on that footie game .............. Lisbon - 10/11
.............. Draw - 9/4
.............. Toon - 12/5

These fractionals convert into ................ 0.91,
................ 2.25
................ 2.40


Now, assuming you had a stake of £20, your bet (a Lay) on Lisbon will return £42.50.
If you dutched the same twenty on the Newc win or the Draw (£10 on each) the most you could expect to retrieve would be £34.

So, your fear on losing out on the Lay is, I'm afraid, unfounded. The over-round will get you every time.

[Stewards enquiry]

Icebreaker.
Thanks for that. A big help.