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I am just about to lose 4k on Spain by the look of it. What the hell are they doing.

Pissed off to say the least.

mr euro its not over yet

:-)

Viva L'Espana Mr E :-)

Backed spain in increments from 2.06 upto 5.7 after they went 1-0 down - a most pleasing evening

Mr EURO. ooh yee of little faith.

A gooner I believe.

Spain should forget all those mickey mouse midfielders when the best one in the world is a gooner!!

Wish Id been near a computer last night, I would have beeen big on spain at 1-0 down!!

Yep gooner through and through!

I messed up big time last night. Thinking I was going to lose I started having a few beers. When Spain went 2-1 up I layed off the bet and did something seriously wrong.

Fuck knows what I did but I fucked up big time. I am a stupid twat.

I ended up winning about 1,200 on Spain (instead of 5) and greening up to the tune of 80k on the draw and Spain to lose!!!! I think I layed off all my profit and not my liability. As soon as I had done that we lost all the electricy in a storm (just come back on) so didn't see until this morning.

There you are, I put my hands to being stupid.

Well, you said it, Mr Euro. But what I am reading is something along the lines of, you now seem to be saying you are a winner in life because you are really clever at being stupid.

Sorry, but not in my book.

Mind you, we all have faults. I'm too bloody patronising. However, although I am trying to change, I'm failing miserably here.

No I am not stupid Doc, although I do a lot of stupid things at time!

Here is what I did in more or less round numers:

4k on Spain at 2.12 (This is roughly the average of a numer of bets).

Then I layed Spain for 88k at 1.06.

I ended up winning 1,200 ish.

What did I do wrong?

4k on Spain at 2.12 = 4480 profit

88k lay on Spain = 5280 liability

Gives a P&L of -800

Exactly

Sorry I didnt give you the correct opening bets. My opening bet was 2.12 but only for a 1000, the average is more like 3 ish.

I have written myself a spreadsheet now so I don't get confused again :-) Bloody expensive mistake.

I layed off by profit and not my strake. Still given how it was looking half way through the 2nd half, winning 1,190 and getting my strake back is better than nothing (even if I did mess up).

Just to double check.....

Lets assume I think Germany will lose, if I back Ecuador 1000 at 9.

If then the price moves in to 8 I want to close. If I lay 1000 @ 8's then I am left with a free bet of 200 if Germany win, and nothing for lose or draw.

If I want to take the profit now, I lay agggggggggggggrrrrrrrrrrrr this is doing my head in. I have just written a spreadsheet and it worked but now I can't understand it!!!!

Help!

...if I want to take the profit now, I lay 1250 @ 8.

meaning 1250 - 1000 stake = 250 profit correct?

but what if I wanted to green up on all possibilities?

no the above is wrong.

Mr E

Back 1000 at 9.0
Lay 1000 at 8.0

Profit on Ecuador of 1000

To green up, lay ecuador for 125 to be 125 green on all 3 outcomes

Thanks Fundy, is this correct?

Lets say I backed 1000 @ 13's

Now the price is 4.

So a profit of 9 (13-4) * 1000.

To take the profit (9000) / 4 (the price) = lay at 2,250 and green up on all outcomes for 2,250?

To take the free bet, lay 4 x 250 (covers the stake).

Is that right?

Now assuming it went the other way, from 13's to 14's, the loss = 1000 i.e. the stake. So there is no point in closing the bet whilst the price is above 14's?

first bit is correct, second bit is wrong, to have the free bet youve got to lay your whole stake ie 1000 (leaving you with 9k if they win)

but aren;t you laying the 1000? 4 x 250 = 1000?

Is this bit correct?

Now assuming it went the other way, from 13's to 14's, the loss = 1000 i.e. the stake. So there is no point in closing the bet whilst the price is above 14's?

thanks.

Mr E

Back Ecuador for 1000 at 13.0 gives the following

Ecuador 12000
Germany -1000
Draw -1000

Ecuador go to 4.0. To have a free bet yopu need to lay ecuador (you backed them in the first place

Lay Ecuador for 1000 at 4.0

Ecudor 9000
Germany nil
Draw nil

As to the other bit, that depends how attached you are to your thousand 1000. If your prepared to lose it then let it run. If not then maybe at a drift to 14.0 you may decide to lay it back off leaving you

Ecuador -1000
Germany nil
Draw nil.

At this point you could back Ecuador for 71.43 to got 71.42 red on all three outcomes or let it run and hope ecuador dont win

Thanks Fundy, with you now except for one point:

Ecuador -1000
Germany nil
Draw nil.

At this point you could back Ecuador for 71.43 to got 71.42 red on all three outcomes or let it run and hope ecuador dont win

If following a drift from 13's to 14's, don;t you mean you need to lay Ecuador at 71.43?

If you backed them you would have two positions:

a) 1000 @ 13's
b) 71.43 @ 14's