Combining Liability

One of the biggest problems people encounter when they first start Matched Betting is not having enough money in their exchange to complete multiple offers at once. The majority of people will have to wait for bookies to process their withdrawals before they have enough money to move on to the next offer. There is however a little trick you can use to get around this, and it's called Combining Liability.

Basically, by betting on different winners for the same event you can significantly reduce your liability required.

Let’s see how this works:

Example 1 - Football

Let’s say you have two £10 trigger bets (min odds 2.0) you need to place and you decide to bet on the Burnley v Bournemouth match.

Burnley at lay odds of 3.2
Bournemouth at lay ods of 2.6

You place one £10 lay bet on Burnley at lay odds of 3.2 for a £22 liability and another £10 lay bet on Bournemouth at 2.6 for a £16 liability.

Adding up these liabilities gives you £38 total liability. This means you would need £38 in your Betfair account balance to cover both bets, right? WRONG!

Only one team can win this match and the exchange knows this! It's quite clever - it will work out the worst case scenario and only require you to have that much in your balance.

So, the exchange only needs your highest liability, being £22 on Burnley, rather than the full £38 liability.

Furthermore, it knows that if the worst case scenario happened, and you lost £22 liability, then you would actually win the £10 lay bet on Bournemouth and so you will only need £12 liability in reality.

Please note, it is not recommended to place opposite bets with the same bookie on the same match. In the example above, you placed your back bet on Burnley with Bet365 and your back bet on Bournemouth with Paddy Power. A real punter doesn't tend to cover multiple teams/outcomes in one market, so try to avoid this as it may arouse suspicion.

Example 2 - Racing

Let’s say you have three £10 free bets to use up and you're looking for some high odds horses.

Rams Rider at 8.0 lay odds
New Horsey at 8.0 lay odds
Fast As Jaguars at 12.5 lay odds

The £10 free bets on the 8.0 horses would each have a liability of around £60 whilst the 12.5 horse would need around £105 liability. This gives a total liability of £225.

As in the first example, your exchange knows only one horse can win the race, and so it won't require you to have £225 in your balance. The exchange only needs your highest liability, being £105 on the Fast As Jaguars rather than the full £225 liability.

Even better, should Fast As Jaguars win then you would win your £8 lay bet on Rams Rider and New Horsey – again, the exchanges know this! (for simplicity, let's assume you have placed a £8 lay stake for each of your free bets).

So, placing these three lay bets, the exchange only need £89 liability, being £105 liability (Fast As Jaguars) - £8 lay stake (New Horsey) - £8 lay stake (Rams Rider). This has freed up £136 of your bankroll to use elsewhere!

Tip - Place Your Lowest Liability First

It’s best to place your lowest liability first!

This is because by the time you go to place your highest liability lay bet, it will then instantly net off against the lay stakes of your other lay bets.

To help show how this works in practice on the exchange, using the example above:

  • When you place your £8 lay bet on the Rams Rider

The exchange will deduct £60 liability from your account.

  • When you place your £8 lay bet on the New Horsey

Your exchange will will increase by £8 to your balance as your combined liability is now only £52.

This is because your highest liability is still the same at £60. However, this £60 liability on the New Horsey is now netted off against your £8 lay stake on the Rams Rider for a £52 combined liability.

  • When you place your £8 lay bet on the Fast As Jaguars

The exchange will deduct an additional £37 liability from your account, for now a total £89 liability.

This is because your highest liability has increased by £45 (going from £60 to £105 on Fast As Jaguars). However, you have now placed an additional lay stake on another different horse, so your combined liability only increased by £37 (£45 - £8).

Had you placed your lay bet on Fast As Jaguars first, then you would have needed a £105 liability initially. Whereas by placing other two lay bets that have the lower liability, the highest amount you have needed in your exchange at any one moment is £89.

Hope this guide helps and any questions please do ask in the Facebook Group cheers!

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