OZmium Sports Betting and Horse Racing Forums

12th May 2009, 03:23 PM

Mike367

Member

Join Date: Feb 2009

Posts: 115

laying?

Hi all, can anyone explain this for me?

I placed a lay bet (BF) $5 with odds of 4.98 avg and matched.

The selection failed to place so I won my bet, yet the profit was only $5.
If the selection had won the race I would be out of pocket by $20. Is that right?
I thought with odds of 4.98 I'd have $20 profit.

Cheers,
Mike

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