Quote:
Originally Posted by mackem790
Paying rake?
Sigh dont know why I'm going to spoon feed this to you but.....
You put on 5 teams to win in an accumulator. Prices 1.83, 1.91, 2.1, 2, 1.95.
You get 28.63 total on it and put $10 on to win. Returns 286.3 if it wins (276.3 profit)
You put on a 6 team accumulator with the 5 previous selections and a game the next day priced at 1.95.
You get 55.82 total and put $10 on it. Now the first 5 win and you are left waiting on the final game. You can hedge the final game by backing the opponents at 1.95 (if soccer in a AH +0.5 market). So now you are waiting on 558.20 if they win so you have to back the opponents with 286.26 to guarantee an even payout regardless of what happens.
So you win 558.20 either way, but now you have put on 286.26 and 10 on your two bets so your profit is going to be 558.20-286.26-10 = 261.94
Two mistakes with doing it the second way, you are obviously costing yourself 276.3-261.94 = 14.36 but you also have to have 286.26 available and tied up in doing the hedge which is pointless.
You may say well you dont fully hedge and just back the opponent enough to give you your money back or something. But even then you'd still be better off with the original 5 team accumulator paying out and putting a single bet to your liking on the next team.