December 18th – Australia vs West Indies (Update)
Just an update based on our match preview I sent out before the start of the 3rd test. I suggested that the $1.40 about the Aussies was too short and you would be likely to get an opportunity to back the Aussies later in the match at $1.80 to $2.00. If you followed that advice then the time has come to start covering your bets. I know many of you aren’t familiar with Betfair yet (I’m quite happy to help people through this process if they need help, just email me), however, I will give you an example here.
Imagine you layed (backing them not to win) the Aussies at $1.40 and wanted to risk $100 meaning your profit should they not win would be $250. Now the Aussies have gone out to $2.00 you have 3 options.
- Back the Aussies for the $100 stake you were risking on the lay meaning if the Aussies now win you break even but if they lose or draw you make $155+.
- You back the Aussies so that you even all your profits out so no matter the result you make the same profit. To do this you need to back the Aussies for $195+. Your profit for the match will be $65+ no matter the result.
- You can back the Aussies so that the only way you win is if they win. For this you need to back the Aussies for $250. This means if the Aussies win you make $145 but if they lose or draw you break even.
Good luck with it all.
On a side note I think the value in Dwayne Bravo being the top West Indian scorer is great value at $15. He should love this pitch if he survives the early balls and gets settled
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