[fanny paddery]

Akpo Sodje, on 10 April 2012 - 15:51, said:

I'll just leave the account closed then

Probably for the best

[MrRight]

Akpo Sodje, on 09 April 2012 - 17:36, said:

My bet365 account is "on hold" as I havent verified my age (which I've said is 1 year older than I am) so when I turn 18 I could tell them my real age but it will be different to the one I originally gave. Should I tell them my real age now and they will keep my account for me for when im 18 or will they close it and ban me forever?

Does "on hold" mean you can gamble, but can't withdraw? Pinnacle done this with me. If that is the case, you could always put your money on something then go to a real bookies and put on the opposite... maybe get your dad to do that part though. You'd make a slight loss but it would get the money off Bet365.

[Akpo Sodje]

MrRight, on 11 April 2012 - 00:51, said:

Does "on hold" mean you can gamble, but can't withdraw? Pinnacle done this with me. If that is the case, you could always put your money on something then go to a real bookies and put on the opposite... maybe get your dad to do that part though. You'd make a slight loss but it would get the money off Bet365.

No I can't gamble. I think there's £20 in the account but don't want to go to the bother of trying to get it back if it could get me in further trouble. I was an idiot for setting it up in the first place.

[KieranClyde]

Akpo Sodje, on 11 April 2012 - 10:14, said:

No I can't gamble. I think there's £20 in the account but don't want to go to the bother of trying to get it back if it could get me in further trouble. I was an idiot for setting it up in the first place.

Bang it on a horse in the national. Surely if they aren't going to give you your winnings then they should give you back whatever you put in to the account? Although when I used my bwin account I was over 18 when my first bet was placed. Don't know of that had anything to do with it.

[Akpo Sodje]

KieranClyde, on 12 April 2012 - 20:40, said:

Bang it on a horse in the national. Surely if they aren't going to give you your winnings then they should give you back whatever you put in to the account? Although when I used my bwin account I was over 18 when my first bet was placed. Don't know of that had anything to do with it.

So you placed a bet once you turned 18 then they asked for your age and they shut it down after they found out you opened the account before you turned 18? I've not placed a bet yet on Willie Hills (it was WH not bet365) because they won't let me until I prove my age.

And nah they're not giving me the money back either until I can prove my age.

[ThatBoyRonaldo]

Ok I havent put a bet on for several months, and have never bet onlie, but I went on betfair to have a look at the odds for the weekend football. I noticed a weird thing.

Everton vs Liverpool, in the 'to qualify' market, had the following odds.

Everton to qualify: Back-2.2 Lay-2.24

Does this basically mean I could both back and lay Everton to qualify and make money whatever the outcome? Sorry if this is a ridiculously stupid question.

[Nightmare]

Do you mean at those odds, or are you just asking a general question here? Because lots of people back and lay at different outcomes to make a profit regardless of outcome, but it's never going to be immediate like with odds in that situation.

For the odds you've given, let's say you stick a tenner on. £10 back at 2.2 would return £12, and a lay of Everton with £10 at 2.24 is a liability of £12.40. So not including commission, you're already losing 40p at those odds. Add in commission of 5% and you're losing a bit more.

This post has been edited by Nightmare: 13 April 2012 - 22:07

[Fudge]

ThatBoyRonaldo, on 13 April 2012 - 21:22, said:

Ok I havent put a bet on for several months, and have never bet onlie, but I went on betfair to have a look at the odds for the weekend football. I noticed a weird thing.

Everton vs Liverpool, in the 'to qualify' market, had the following odds.

Everton to qualify: Back-2.2 Lay-2.24

Does this basically mean I could both back and lay Everton to qualify and make money whatever the outcome? Sorry if this is a ridiculously stupid question.

You need the lay price to be lower than the back price to make a profit regardless.

[KieranClyde]

Akpo Sodje, on 12 April 2012 - 20:59, said:

So you placed a bet once you turned 18 then they asked for your age and they shut it down after they found out you opened the account before you turned 18? I've not placed a bet yet on Willie Hills (it was WH not bet365) because they won't let me until I prove my age.

And nah they're not giving me the money back either until I can prove my age.

Yep, that's how it went.

[ShakehandsTom - DFC]

Can someone please give me a brief outline of 'hedging' and the 'lay low/back high' methods in gambling?

[fanny paddery]

ShakehandsTom - DFC, on 01 May 2012 - 07:58, said:

Can someone please give me a brief outline of 'hedging' and the 'lay low/back high' methods in gambling?

Hedging is when you back a certain outcome then back the opposite outcome to minimise your loss/ guarentee a profit.

Lay low back high works exactly as it says on betfair. If you think a price is too low lay it, then back it at a higher price. Back high lay low also applies. This guarentees a no risk profit but you need to guess the way the market will move.

[ShakehandsTom - DFC]

fanny paddery, on 01 May 2012 - 09:14, said:

Hedging is when you back a certain outcome then back the opposite outcome to minimise your loss/ guarentee a profit.

Lay low back high works exactly as it says on betfair. If you think a price is too low lay it, then back it at a higher price. Back high lay low also applies. This guarentees a no risk profit but you need to guess the way the market will move.

Cheers.

[Akpo Sodje]

How do you convert percentages into odds?