Am I able to bet £2 on the whole market, but spread to different odds?

[Nikol]

Hello. I want to bet £2 but on the whole market and spread some bets around.
For example I want to bet on the Correct Score market. I want to bet £1 on the 0-0, £1 on the 1-0, and £1 on 2-0 Odds. This is £3 Stake on the whole Market and it will be shown as a £3 with 3 different outcomes. I believe this would be allowed, because I am betting more than the minimum stake of £2 on a same market.
Will the system allow me to do that ??

[RManPT]

sure it does just set your stake value to one. The Toy will make the calculations and place the auxiliary bets for you... Notice that if you do it live it will take 24-25 sec to place the 1€ bet because are needed 3 bets to place a single bet bellow the minimum stake.

[Nikol]

Yes, but will I have a problems with Betfair if I do that, this is what I am asking. They say you can't bet bellow minimum stake on 1 market. But I am betting above the minimum stake on 1 market, with spreading on £1 on 3 different odds. I believe I am correct, can you confirm it ?

[custard]

You are not correct. The minimum stake is £ 2 for each of the correct scores you wish to back. Otherwise, Betfair would allow you to back 36 correct scores in the same game for 0.555 pence per bet. They don't.

The multiple bets part of Betfair is different. Total stake on multiples must be £2 so small bets are allowed.

[Nikol]

Well I am not so sure about that. Because if you have 0.555 pence per bet on all 36 markets it will show you that you can win £2 on the market basis in the correct score. which is clearly not a 0.5 stake on a match odds?

[Nikol]

I've made a screen how my situation will look like. I've openened the training mode and had a lay on 0-0,0-3,1-3 Correct scores. On every market I had a lay for £1 and this is the situation - If the match doesnt end 0-0, 0-3, 1-3 I will win £3. And you can see my liability for the different outcomes. I believe this will mean that I can make bets bellow 2 on a single odds basis as long as the whole market shows that I can win/lose £2 depends on that I am laying on backing?
I am asking that because I want to test different systems on the CS market, but when you back/lay a lot of odds you will need a lot of money to cover the minimum stake.

[custard]

Phone Betfair and ask them.

[Nikol]

I doubt that this support will know the answer, I actually wonder how I will explain to them what I want to do in order to understand me I guess I will have to find out is this works myself. Just mailed Betfair though...

[RManPT]

custard is obviously right...

...that doesn't mean you will have problems with betfair, I use to do that in greyhounds racing 100 times a day, no problem whatsoever.

[Nikol]

Oh thats what I wanted to hear :P

[custard]

Oh thats what I wanted to hear :P

You shouldn't back under the minimum stake other than when you are "greening". Also, if you make such a bet, it needs three successful bets to be placed not one.

You are free to do as you wish but do not rely on the defence that you were told on this forum to place them as Betfair will not be impressed.

The size of bets is important when assessing the merits of strategies. I can almost guarantee a profit on every horse race with one of my methods. The problem is that 13p profit per race is not going to give me a millionaire lifestyle any time soon. My strategy falls apart as my stakes are increased.

You best plan is to use a pencil and paper and trade with mythical money to see if your strategy works. Of course, use £2 stakes to begin with.

Software, like The Toy, has might life too easy for would-be traders. There was a time when all bets had to be made manually at the Betfair site. All calculations had to be done by the trader. This had the advantage of forcing the trader to think about what he was doing and it was good training and instilled discipline.

[RManPT]

once again ... custard is obviously right!

[Nikol]

Look what the support answered me

Thank you for your e-mail.

The reason you cannot place your bets is because the minimum bet is £2 per bet and not per market.

Please do not hesitate to contact us if you have any further enquiries.

Kind regards,

Jonathan Crook

Betfair Helpdesk

Then I am sending second e-mail in which I attach a screenshot where I have 3 lay bets on 3 different odds for £1 each bet. I am trying to explain to him that I am perfectly capable of make bets bellow the minimum stake. Look his answer.

Thank you for your e-mail.

The lowest backers stake you can lay for is £2 per bet regardless of the liability.

For example you cannot lay a bet for £1 at odds of 1000 even though you would be risking £999 in liability because the minimum backers is £2.

Please do not hesitate to contact us if you have any further enquiries.

Kind regards,

Jonathan Crook

Betfair Helpdesk

So I continue to think that their system wont get me, as there is no way for them to do that. They can see if I make 0.5 bets on 1 market, but how the fcuk they will see that I am making 4 different bets with £4 for £1 each bet in 1 market? I knew Betfair wouldn't understand me btw. You are traders here - you will know what I am trying to do - but their support? They are working uncles and ants killed from the boredom

[custard]

So I continue to think that their system wont get me, as there is no way for them to do that. They can see if I make 0.5 bets on 1 market, but how the fcuk they will see that I am making 4 different bets with £4 for £1 each bet in 1 market?

You do not seem to understand how Betfair works. They log every bet and will know exactly when you place stakes which are below the minimum amount.

[Nikol]

You do not seem to understand how Betfair works. They log every bet and will know exactly when you place stakes which are below the minimum amount.

Ok I am aware of the situation and will take my chances After all what can they do to me - send me a mail to stop doing it After they send me that mail I will stop If they doesn't I am ok.