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Bet less than the minimum amount
Thursday, June 27, 2019
   
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Placing a LAY bet at less than the minimum amount

Doing this is very similar to placing a back bet at less than the minimum. We place an initial bet using the minimum amount and subsequently modify it.

Step one

As with backing, we need to place a bet that will not get matched but as we are laying this time we need to go to the other extreme. Here, we place a lay bet of £2 at a price of 1.01.

{rokbox size=|750 169| title=|Place the first bet at 1.01|}/images/stories/articles/minibet/layless1.jpg{/rokbox}
Click for a larger image. Note - if the price is ALREADY at 1.01 then we cannot place a bet for less than the minimum as the initial £2 will get matched.

Step two

Go to the unmatched bet and modify it to include the small amount you wish to bet. In the case of our bettingtraders.com bet we wish to bet £0.01 so we modify the amount to £2.01.

{rokbox size=|750 170| title=|Modify the amount|}/images/stories/articles/minibet/layless2.jpg{/rokbox}
Click for a larger image.
 

Step three

Submitting the new price has created two bets (neither of them filled by the market because of the silly price offered by you.)

{rokbox size=|750 208| title=|We now have two unmatched bets.|}/images/stories/articles/minibet/layless3.jpg{/rokbox}
Click for a larger image.
 

Step four

Cancel the original £2 and modify the odds of the £0.01 bet to the price we want. We have just placed a lay bet for 1p!

{rokbox size=|750 250| title=|Cancel the £2 and modify the odds of the 1p bet|}/images/stories/articles/minibet/layless4.jpg{/rokbox}
Click for a larger image.
 

Placing a bet less than the minimum on Betdaq

Unfortunately, Betdaq do not allow any method that bypasses the minimum bet. In my opinion, not allowing this is fairly short-sighted. Not only will it drive new users to the competition but once there the new users will probably stay with what they are used to and rarely have I known people to go to Betdaq from Betfair. If they operated a similar system to Betfair, it would not get abused and would increase liquidity on Betdaq. Something that will be vital if they are to become a serious second choice for Betfair traders.

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