Fixabet Guide

Fixabet Guide

The Fixabet Calculator is used for cashing out erroneous lay bets or fixing partially matched lay bets.

The Fixabet Calculator works in two different modes. This guide will explain to you how to use them and what they do.

CASH-OUT MODE

The Cash-Out Mode will be useful in situations such as; laying the wrong bet/market or having laid too much.
Target Lay Stake.
In this cell, you would need to enter the lay stake that you are aiming to lay over all. So, if you wanted to fully cash out the lay stake that you perhaps laid by mistake, then your target lay stake would be £0. If you have laid too much then you would simply enter the stake that you were first trying to lay. So, for example, if you have already laid £25 but in fact, you were trying to lay £20, then you would enter £20 into the Target Lay Stake cell.

Current Lay Stake.
In this cell, you would need to enter the lay stake that you have already placed. Whether it be an erroneous lay stake or one you intended to lay, the lay stake of the bet you are trying to cash out will need to be entered into the Current Lay Stake cell.

Back Odds.
In this cell, you would need to enter the current Back Odds from the exchange of the market you have already laid. Whether it's an erroneous lay bet or you've laid too much, the figure for this cell will always be the same, the exchange back odds.

Lay Odds.
In this cell, you would need to enter the lay odds of the lay bet that you have already placed. Whether it's an erroneous lay bet or you've laid too much, the figure for this cell will always be the same, your lay odds that your bet was placed at.

Lay Commission.
You would need to enter your exchange commission in this cell. It is set as a default 0% because both Pocketbet and Matchbook customers are on 0% commission.

Results.
Once the above cells are populated, the Results section will open up and tell you what you will need to back, at what price and for how much. You will also see what your overall position will be for cashing out your lay bet.

Examples.

Laid too much example.
Full cash out example.

PART LAY MODE

The Part Lay Mode will be useful in situations such as; your lay bet has only partially matched, you are placing a back bet with one exchange and laying with another or you wish to lock in best odds guaranteed (BOG).
Bet Type.
With this drop-down menu, you can choose between "Normal" and "Free Bet SNR" modes. The normal mode would be for a standard qualifying bet. Free Bet SNR mode would be for a free bet where the stake is not returned.

Back Stake.
In this cell, you would need to enter the stake of your back bet.

Back Odds.
In this cell, you would need to enter the odds that you placed your back bet at. If you are hoping to lock in the best odds guaranteed then you will need to enter the starting price/back odds of your selection.

Back Commission.
If you have used an exchange to place your back bet then you would need to enter the relevant commission charge. This has a default value of 0% but can be edited at any time.

Lay Odds.
In this cell, you would need to enter the current lay odds of the lay market for your selection. Any partially matched bet lay odds will need to be entered in "Part Lay One" and "Part Lay Two". If you are hoping to lock in best odds guaranteed then you will need to use "Part Lay One" for your already matched lay bet.

Lay Commission.
In this cell you would need to enter the commission charge of the exchange you are using to place your lay bet(s). This has a default value of 2% but can be edited at any time.

Part Lay One - Lay Odds.
If you have a partially matched bet then you will need to enter the lay odds of the lay bet that has already matched in this cell. If you are hoping to lock in best odds guaranteed then you will need to enter the lay odds of your already matched lay bet.

Part Lay One - Lay Stake.
If you have a partially matched bet then you will need to enter the lay stake of the lay bet that has already matched in this cell. If you are hoping to lock in best odds guaranteed then you will need to enter the lay stake of your already matched lay bet.

Part Lay Two - Lay Odds.
If you have a partially matched bet that has matched at two different prices then you will need to enter the lay odds of the second lay bet that has already matched in this cell.

Part Lay Two - Lay Stake.
If you have a partially matched bet that has matched at two different prices then you will need to enter the lay stake of the second lay bet that has already matched in this cell.

Results.
Once the above cells are populated, the Results section will open up and tell you what you will need to lay, at what price and for how much. Your liability will be stated but this will not include any partially matched bets. You will also see what your overall position will be after placing your lay bet.

There are four different lay options here:

1. Standard - This will give you equal profit/loss between the back bet and lay bet winning outcomes.
2. Underlay - This will give you the risk-free or most profitable option IF the back bet wins but your position if the lay bet wins will be worse than that of the standard option.
3. Overlay - This will give you the risk-free or most profitable option IF the lay bet wins but your position if the back bet wins will be worse than that of the standard option.
4. Custom - You can choose your own lay stake with the slider at the bottom but you must be aware of the profit/loss differences when doing so.

Examples.

Partially matched bet example.
Backing with an exchange example.