Betfair Hedging

If your trading two runner markets like Tennis, Cricket, O/U X.5 goals in soccer etc then you should be using ‘Optimised Greening’.

Hedging in sports betting is often much more nuanced than just a simple calculator. But particularly when live betting, you can lock in profits when the odds have shifted in your favor. To use our hedging calculator, simply add the price of your pre-game bet under “My Odds” and the bet amount. Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. Best Odds Bet In-Play Cash Out. Join Betfair Now ». Betfair Dutching Calculation I can someone please help me with this hedging calculation. I want to be able to state the profit required on each of the various. Hedging your bets. Time to talk about. Betfair International Plc is licensed and regulated by the Malta Gaming Authority. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan.

By enabling this option within Bet Angel it will give you increased flexibility when greening up allowing you to maximize your profits and minimize your losses in all markets where there are only two selections.

To enable this, go into your main settings area and on to the ‘Green up’ tab, here you will see an option ‘Use Optimised green up calculation for markets with 2 selections’

Once enabled ‘Optimised Greening’ will allow you to green up using either selection which is very useful if you can’t place your greening up bet on the selection you placed your opening trade on ie, due to lack of liquidity.

HOW IT WORKS

For example still with the regular green up calculation being done I have opened a normal lay trade on the 1st selection and the price has now moved in my favour a few ticks and I have the option to green up for a profit, however the best price I can green up at is 1.80 giving a £1.11 profit, and of course you will notice the P/L figures on the 2nd ladder all show £0.00.

Now with ‘Optimised Greening’ enabled the P/L figures now also appear on the 2nd selection (even though no trade has been opened on that selection), now giving you the opportunity to green up using either selection.

In this example, because I have opened with a lay bet on the first ladder it means to green up using the 2nd ladder when you click a P/L figure it will require another lay bet (not a back bet).
Looking at the 2nd ladder you can see the best price for me to green up at is 2.22 which returns a profit of £3.26, this is an extra £2.15 more profit from the same trade but would not have been possible without enabling the ‘Optimised Greening’ option.

Just from this one trade its giving us a little over 1% extra profit on the initial stake used, added up over several hundred trades and it becomes a serious amount of extra profit for doing nothing differently

Even in a very liquid market with no gaps between the prices on either selection you can still squeeze out extra profits or reduce your losses by using the opposite selection to green up on.

For example, look at the image above again and imagine there are no gaps on either ladder, if the price went 1 tick against you then on the 1st ladder you could green up for a loss of -£1.12, but by using the 2nd ladder the loss is only -£0.99 meaning you will lose 13p less by using the 2nd ladder to green up for a 1 tick loss.

Again over time all these reduced losses will add up and combinded should save you a tidy amount at the end of each month/quarter and with the extra profits made it can make a big difference to every stratergy you use on two runner markets.

Once you have enabled ‘optimised greening’ if you open a market with three or more runners it will automatically revert to the regular greening up calculation, then when you next open a two-runner market it will switch back to optimised greening.

Because of that I personally just have this enabled on all my settings profiles, but if for some reason you would prefer to trade some markets with it enabled and others without it then you can just save separate settings profiles for each.

Betfair Hedging Meaning

This article explains how to cover your bets at betting exchanges profitably, and we describe how to do so.

First of all, you have to know the concept of a “lay”-bet in which you bet AGAINST a certain outcome and you take up the position of book-maker. It is also known as “to sell the bet”. This strategy is important if you bet to protect your winnings. This is also called “hedging” or “arbitrage” where you try to profit from odds fluctuation.

At various betting exchanges (e.g. Betfair) it is possible to bet ON a team (“back”-bet) and, in case the team goes into the lead, to bet AGAINST the team (buy a “lay”-bet or sell the bet) and thus hedge against any outcome in the game. You would earn money at a Win, Draw and Loss – your bet is now safe and without any risk.

In the Back & Lay betting at Betfair article we offer a deeper inside on this topic.

Examples of hedging/coverage bets

We now want to show you different examples on how to place your bets and hedge/cover them profitably:

1. Bet against a team (lay-bet) and hedge against it
Imagine a game between Bayern Munich and Dortmund. How about a “lay”-bet against Dortmund? (You bet AGAINST a Dortmund-win) In the event that Bayern Munich does not go into the lead after the first few minutes you can hedge your “lay”-bet with a “back”-bet ON Dortmund. Now you bet ON a Dortmund-Win and profit from the odds fluctuation because of the higher odds that Dortmund will get the further the game proceeds. Now you can relax and wait for the end of the game, because your bet is hedged against every outcome of the game.

2. Bet on a team (back-bet) and hedge against it
Of course you can do the same with a Draw. You bet AGAINST a Draw (“lay”-bet). After the first goal you bet ON a Draw since the odds for a Draw increase after a goal is scored.

3. Bet against a draw (lay-bet) and hedge against it

Of course you can do the same with a Draw. You bet AGAINST a Draw (“lay”-bet). After the first goal you bet ON a Draw since the odds for a Draw increase after a goal is scored.

Let’s say you bet 10 Euros on a Draw with odds of 3.0. Now your maximum Loss is 20 Euro. After the first goal the odds of a Draw increase to 5.0. At this point it is time to place your “back”-bet (e.g. 6 Euros) ON a Draw. Hence, this is what the whole scenario would look like:

After the first “lay”-bet:

Win Dortmund – 10 Euro profit
Win Bayern Munich – 10 Euro profit
Draw – 20 Euro loss

And now after the second „back“-bet:

Betfair Hedging Strategy

Win Dortmund – 4 Euro profit (10 Euro win from the “lay”-bet minus 6 Euro stake “back”-bet)
Win Bayern Munich – 4 Euro profit (10 Euro win from the “lay”-bet minus 6 Euro stake “back”-bet)
Draw – 10 Euro profit (Odd 5.0 times 6 Euro = 30 Euro minus 20 Euro loss of the “lay”-bet)

Our Surebet strategy is another interesting way to optimize your game and create safe winnings.