Cancel a lay in Smarkets

  • Hi guys,

    Layed a bet on Smarkets but then had my back bet not accepted (max I could bet was WAY below what I had already layed. To cancel the lay, I placed a bet on the “back” in Smarkets, but now both amounts show in red. Please help.

    Original lay £24.00 @17.0 – liability £384.16
    Back was showing 7.2 on Smarkets. So far I have had £42.58 matched at 7.2. (Now cancelled as I got nervous)
    The numbers in red are -£19.57 /-£113.96

    What do I need to do to get rid of any existing liability as I don’t understand where I currently sit. Many thanks

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    beh 7

    Which market and why is the difference between the back and lay so large? With that you’re going to take a loss regardless.

    Can you confirm how much you were aiming to get matched on the back side at 7.2 before you stopped at £42.58?

    +0
    beh 7

    Roughly I believe you’re aiming for a back of £56.50 but you still lose £33 whatever the outcome.

    +0
    t130 1

    Don’t know how to relieve your issue, but always back before laying!

    +0
    Markk 2

    The calculator on the site below allows you to calculate the back stake if you have laid first.

    https://www.backlaybettingcalculator.com/

    Also, if you have an iPhone there is an app called ‘sport trading calculator’ by Bruno Pereira, which has a lay/back and back/lay mode.

    You should have staked £56 for £33 loss like Beh said.

    +0
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