Bet Angel for newbies / Getting started : Bet Question

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wolfgang1983
Posts: 31
Joined: Wed Sep 12, 2018 9:44 pm

Fri Sep 14, 2018 3:40 am

I am new to the bet angle software.

Next to the top of the ladder it has graph and green number $0.00 but it was in green of $24 with a bet backed and lay

But for some reason I only got won the $2.00 place back I though since the lay and back were matched I get the green number at the top which was $24.00

But as you can see in image I only one $2 back

I don't under stand it.
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Derek27
Posts: 3546
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Fri Sep 14, 2018 4:02 am

You didn't green up!

If you back a horse for $2 at 60 and then lay it for $2 at 48, you stand to win $24 if the horse wins. It's known as a free bet.

If you greened up, the software would have laid it for $0.50 at 48 ($24 / 48), thereby sacrificing your free bet but giving you a guaranteed profit of $0.50 (25%).

wolfgang1983
Posts: 31
Joined: Wed Sep 12, 2018 9:44 pm

Fri Sep 14, 2018 4:06 am

Thank you for explain it now I under stand your very help full.

wolfgang1983
Posts: 31
Joined: Wed Sep 12, 2018 9:44 pm

Fri Sep 14, 2018 6:07 am

Derek27 wrote:
Fri Sep 14, 2018 4:02 am
You didn't green up!

If you back a horse for $2 at 60 and then lay it for $2 at 48, you stand to win $24 if the horse wins. It's known as a free bet.

If you greened up, the software would have laid it for $0.50 at 48 ($24 / 48), thereby sacrificing your free bet but giving you a guaranteed profit of $0.50 (25%).
Thanks again. I did a different method I used a calculator how much I should lay and was able to come away with $1 extra a good start even though on small ammounts.

I have not learned how to add how much I should lay i need a calculator.

Derek27
Posts: 3546
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Fri Sep 14, 2018 6:51 am

Your trading software should do the calculations automatically. Most traders simply click on the green-up column of the ladder - nobody's really got the time to use a calculator as trading is a fast moving game.

Have a look at some of the videos on this site if you are unsure.

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