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Line Betting
Line betting is a form of even
money betting, as in you either double your money or lose your stake when
betting. Line betting is when you buy or sell a ‘line’ number of how many runs,
points, shots, goals, or other statistic that a team or individual will perform
in a sporting event. Here is some advice on line betting at Betfair.
Buying and selling
lines
When line betting, you buy or
sell a line at one particular price, depending on whether you think the result
will be more or less than that number. If you buy a line at a number then you
think that the number achieved in the event for that statistic will be higher.
For example, if you buy Henry Premiership goals in a season at 25, then you
believe he will get more than this in a season. Equally, if you sell a line, you
believe there will be less than this number. So, buying Henry Premiership goals
at 25 you believe he will get less than this. If the number is exactly 25 then
you neither win nor lose.
If you bet on a number that
isn’t a whole number, for example, Henry at 24.7 goals, then you have a 0.5
margin of error. This means that if he scores 25 goals, you don’t get the full
amount of winnings. Equally, if you bought 24.2 and Henry scored 24, you would
not lose your entire stake.
Line betting is often known
as ‘Handicapping’, in that the price of the line is such that the final result
is both as likely to be less or more than the number you pick. This means the
bet is always even money.
As with all other bets on
Betfair, you can buy or sell the lines, in effect taking or laying bets.
Range Betting
Range betting is similar to line betting in some ways, in that it is to do with
placing a bet on statistics within an event. However, you have a fixed odds
range in range betting, and the profit or loss is equal to the difference
between the level of the bet you choose and the final result, multiplied by your
stake.
For example, if you ‘buy’ 3
goals at £10 per goal, you believe that the amount of goals scored in the game
will be greater than 3. Any goals scored above the 3 goals and you will get £10
per goal. Any goals below the amount and you will lose £10 per goal.
You should buy numbers when
you think that the amount will be greater than the level you buy, and sell when
you think it will be less.
To limit the damage each way,
there is a maximum and minimum range you can lose. For example, if you buy 10
shots then the maximum win or loss might be seven, meaning that if the team only
shoots 2 you only lose 7 times your amount per shot, or if the team shoots more
than 17 you only gain 7 times your amount per shot.
[Click here to bet with betfair]
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