How To Use OLBG
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HELP: Lay Tip Settlement
To make the competition fairer we are now settling lay tips at Odds+ which is either the price you take or the starting price (depending on what you select) PLUS an adjustment for bookie margins
Lay Price is calulcated as follows (all odds are decimal):
Odds <=3 => Odds +10%
3> Odds >=5 => Odds +15%
5> Odds >=11 => Odds +20%
Odds >11 => Odds +50%
The adjustment is to reflect the fact that bookies 'back' odds are a shorter price than the true price (so bookies can make a margin).
Hence for the fairness of the tipster competition if back bets are being made at under fair value, lay bets should be made at a similar amount over fair value, otherwise Lay tipsters have an unfair advantage
To even this out we are therefore using bigger odds to settle lay tips based on the rules above which more closely reflect the equivalent value to what a backer is getting
Hi, I was wondering if someone could help me out, I’m tipping horses and writing comments and the tip is showing up next to the horse but no comment, why is this,
Comments from new members do not show up on the tip pages / App straight away, this is to help us combat any spam etc, so just keep adding your comments and they will show up eventually.
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