Beginners question, you lot seem knowledgable, perhaps one of you can shed light on this query I have.
See if one was to back a particular big brother contest at, lets say 20. You lump £10 on (For a possible profit of £190)
In the eventuality that they make it through to the later stages and are available to lay for, say 15. If you lay it, for £154.
The total bet on is £10 + £164
So if your horse wins, you make £36
If it loses, you make £1
I've got all that, if the market shifts in your favour.
My question is, when you've successfully managed to back and lay in this manner, so that every possible outcome makes you money, is your money still tied up?
Say you've just got that £174 in your account. Are you able to make other bets still?
Thanks
The only money tied up is your max liability. The market would show up as +£1 on all other runners and + £36 on your selection.(less commision)
Its known as 'greening up' as you will have all green figures so you have no liability therefore your balance is the same as before the bets but you are gtd to win a quid, you could level this up by laying again so that you win the same whatever the result.
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