Back and lay bookie?

Question

If a back a selection at 3/1 for £100 with the bookies, what price and for how much could i lay the bet to my friend for to guarantee a profit?

Answer 1

no guarantee with a gambol stick you 100 quid in a high interest account unless you personally know kieran fellon (allegedly corrupt jockey)

Answer 2

lay him £100.01 @ 199/100.  If the selection loses you are left with £100.01 which = 1p profit. because you have lost your original £100 at the bookies. If the selection wins you get £400 back from the bookies and you have to pay your friend £299.03. Take your original stake off and you are left with a profit of  97p.   voila

John H

Answer 3

If you lay it at a lower price but for £100 you will make a profit if the horse wins. However if you want to profit regardless of whether the horse wins or loses you should take more from your friend. Using decimal odds (add 1 so your back price would be 4) the amount you should lay for the same profit regardless of whether the horse wins or loses is:

b*s/l where b is the back odds, l the lay odds and s your initial stake (£100).

Answer 4

3/1 in the states will pay $8.00

so you should give you friend

5/2...that would give him $7.00

you would clear $1.00

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i make $200.00 wagers..so that would be a ez $100.00

if it runs up the track your friend pays...you don't