planetf1.com

Jenson button in 2013

cheers i will look at this, but what is this Laying bet ?

Nobody.

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"Everything you can imagine is real." Pablo Picasso

The odds on Vettel are not very profitible so i'd lean towards Alonso at 3/1, to make decent money Kimi at 14/1 looks the best bet

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PFI Pick 10 Competition

Current Standing: 14th Position

can anybody explain how this system works pls ?

http://www.betfair.com/exchange/motor-s ... .107586578

Accumulator on the winners of the team-mate wars pays well if you pick a couple of underdogs!

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#10

I've never done it but there can be money had in the fastest lap market too, you get big odds on Williams, Sauber and the like and there have been occasions where they've made the late tyre change for one reason or another.

I'll try and give you the general idea in a few steps, it is a bit daunting at first

1) Ignore all the numbers and columns except the blue 'back' column. This column is just like the odds at a bookmaker except in the decimal format. To get from the fractional odds you typically see at a bookmaker to these decimal odds, turn the fraction into a number and add 1. So if you see 3/1 at a bookmaker that is the same as 4 on Betfair (in the decimal format)

2) So this column can be used like a bookmaker, if you click on one of these back numbers a betslip comes up to the right and you can bet on that driver to win the championship. The amount of money available to bet on that driver is the quantity located in the box and is the money of another pundit like you who is betting on that driver NOT to win the championship.

3) When you have an account you can easily experiment by keying in a bet because Betfair will overlay your exact position onto the market so you can see exactly what you stand to win/lose depending on the result

That should be a good start, I am quite experienced with this so if you are still interested/have further questions, I'm happy to help

Cheers for that how come you can only bet upto the amount in the box ?
And what is lay pls ?

Laying is the opposite of backing

So when you back a driver to win a race at a bookmaker, the bookmaker is 'laying' your bet. If you yourself lay some event (e.g. Button to win the WDC) then you win if it doesn't happen (you win the stake of the person who bet on the same event) and lose if it does happen (you have to payout the winnings to the person who bet on event)

On Betfair that purple column on the right is the lay column, it's worth typing in some lays and seeing what you stand to win and lose

Because the exchange is only between pundits there can be a limited amount of money to bet on certain drivers/events.
Say you wanted to bet on Maldonado to win the wdc this year, well fair enough you only want to risk £10 to win £2,500 but that means another pundit needs to risk £2,500 to win £10 to 'match' your bet and as you can probably guess there may well just not be anyone willing to do that so it can be hard to bet on Maldonado at good odds (for example)

Ok well thanks again. Sounds a bit confusing the odds bit of it all but I guess it's prob easy to pick up ones you start doing it. I have done a few regular bets over the last few years will try n find time to study this as looks like some good money to be made.

If I was a betting person, which I am not, then I would put my money on Alonso, always

I would to if the odds were better. Must be because he so good.

William Hill offered decent odds throughout last year. I tend to place my bets after qualifying on the Saturday (usually late on saturday evening just in case there are any pending penalties that affect the qualifying result).

Multiple wins last year on Daniel Ricciardo to score points (a few handy 20 quids) - usually around 4/1 or 5/1 if he qualified just outside the top 10. Ditto Di Resta.

Got lucky on the Maldonado win too - think he was 10/1 to win after qualifying so I put on a fiver Top bombing!