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Fold Bets

PostPosted: Tue Apr 23, 2013 9:54 am
by wooly
Can someone please explain how fold bets work?

Say I want to bet on picking 7 out of 9 winners this week in the AFL (any 7 of the 9 winning teams).

If I select my 9 winners and then place a 7-fold bet on those 9 winners does that cover what I am trying to achieve?

Is it the same as putting 36 individual bets on that cover the 36 different combinations of picking 7/9?

Re: Fold Bets

PostPosted: Tue Apr 23, 2013 4:47 pm
by Mr_Willy
Correct.

Re: Fold Bets

PostPosted: Thu Apr 25, 2013 12:00 pm
by stampy
where can you have these fold bets oh wooly one?

Re: Fold Bets

PostPosted: Thu Apr 25, 2013 12:27 pm
by wooly
Bet365 offer them, not sure who else.

Re: Fold Bets

PostPosted: Thu Apr 25, 2013 12:38 pm
by wooly
OK here goes, 7 fold on the following. Straight out H2H.

Brisbane
Fremantle
Carlton
Gold Coast
West Coast
Hawthorn
Geelong
Collingwood
Sydney

1 unit = $36.00

Potential return $320, that's if all 9 get up.

Re: Fold Bets

PostPosted: Thu Apr 25, 2013 12:57 pm
by mighty_tiger_79
stampy wrote:where can you have these fold bets oh wooly one?


i reckon centrebet do these also

Re: Fold Bets

PostPosted: Sun Apr 28, 2013 1:59 pm
by daysofourlives
wooly wrote:OK here goes, 7 fold on the following. Straight out H2H.

Brisbane
Fremantle
Carlton
Gold Coast
West Coast
Hawthorn
Geelong
Collingwood
Sydney

1 unit = $36.00

Potential return $320, that's if all 9 get up.


Whats the return if 7 get up?

Re: Fold Bets

PostPosted: Mon Apr 29, 2013 11:00 am
by Trader
daysofourlives wrote:
wooly wrote:OK here goes, 7 fold on the following. Straight out H2H.

Brisbane
Fremantle
Carlton
Gold Coast
West Coast
Hawthorn
Geelong
Collingwood
Sydney

1 unit = $36.00

Potential return $320, that's if all 9 get up.


Whats the return if 7 get up?


I'd assume the return changes based on which 7 get up.

Re: Fold Bets

PostPosted: Mon Apr 29, 2013 1:29 pm
by wooly
wooly wrote:OK here goes, 7 fold on the following. Straight out H2H.

Brisbane
Fremantle
Carlton
Gold Coast
West Coast
Hawthorn
Geelong
Collingwood
Sydney

1 unit = $36.00

Potential return $320, that's if all 9 get up.


7/9 - $5.28 Return :oops: :oops:

So not a real smart investment.... obviously if only 7 of the 9 get up then only 1 of the 36 bets is going to pay out. If 8/9 get up then 8 of the 36 bets will pay and if 9/9 get up then all 36 bets will pay.

So unless you look for something with longer odds, then you're better off just trying to back the 9 winners.

Re: Fold Bets

PostPosted: Mon Apr 29, 2013 2:50 pm
by mighty_tiger_79
why not pick the teams that look like winning as an anchor to the multi