Basic Tutorials
Getting Started | Login | Odds - How they work | Back and Lay bets explained | Using ExPort | Bet Amounts and Max Liability | Market Swing Indicator | Charts | Race Timer | Dutching | Hedging | Most Probable Winners and Green Light | EB function | GO function
EB 'Equalise Bets' function
The EB (Equalise Bet) button is a function that allows you to spread your position (potential profit) across the field to ensure you make a profit whichever selection wins.
If you have been using level Back and Lay stakes to gradually build up a position (this is a profit you make if the selection wins but make or lose nothing if it doesn't), you will have a green profit figure under your selection and blanks (or zero's) under all other selections on the market screen.
At this stage, if you click the EB button, it will divide the amount of money of your position by the current best Lay odds and place a Lay bet to that value back into the market. This will have the effect of spreading your profit across the field so you make a profit on whichever selection that wins.
So, if you had a position of £60 and hit the EB button when the Lay odds are at 6.0 - you will see a green £10 under all selections in the market.
If however, you have a position of £60 and hit the EB button when the Lay odds were at 3.0 - you will see a green £20 under all selections in the market.
For this reason, it is more profitable to use the EB button to equalise a bet in a falling market where odds are getting shorter (i.e. where you have used Back then Lay to build your position).
Always be aware that the minimum bet allowed by Betfair is £2. Do not use the EB button if the resultant stake is going to be below the minimum bet allowed as it will not be accepted.
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