Greening up on Betfair is the holy grail for punters, I remember how excited I was the first time I figured it out. Once you've had a green screen, the bug invariably gets hold of you, but actually figuring out how to green up on Betfair is the toughest challenge for new traders.
So whilst this may be old hat to many readers of my blog, there are still a lot of Betfair newbies coming through each day, so I hope that some of you find it useful.
I decided to use my challenge Betfair account to do this trade and after having a quick scan of the statistics for Las Palmas and Numancia I couldn't quite believe that with 70 minutes on the clock that this game was stuck on 0-0. Las Palmas have shared 20 goals in their last 6 games and Numancia have shared 17, so that's 37 goals in these 2 sides recent games, with both sides regularly finding the net along the way. Further investigation showed a propensity for late goals in these matches, so that was enough for me to get involved.
So on my challenge Betfair account (where I am attempting to turn £200 into £20,000) I laid the draw at odds of 1.96 with a £50 stake and was able to trade out at 7.20 a short while later
So after getting the lay bet in and watching the goal hit the net, it was time to exit. Now I normally use Bet Angel to do this, but I still do some manually and that's what I wanted to show you. So to manually green up I headed on over to the superb Chromaweb Calculator and input my lay odds into their calculator. You then input your stake and the odds which are available to you to back at (which moved to 7.20)
As you can see the Chromaweb calculator tells you to place a bet of £13.61 to ensure a an equal profit across the market.
If you refer back to the first picture in this post, you can see that's exactly what I did, placing a back bet of £13.61 at odds of 7.20. Looking below, you can now see the final result in the main match market on Betfair.
So in summary, it is possible to get an equal green screen manually with the minimum of fuss.
My advice is that if you are going to be hedging manually, then you need to use a site like Chromaweb because you don't want to be messing around with the odds etc on the main Betfair site.
In the past I was guilty of trying to get the hedging exact to the penny across the board, only to see a goal go in the wrong way against me and turning a profit into a loss. It doesn't matter if you have £35 profit on the draw and £33.52 on others, it's all profit, so never get caught up with thinking that you have to have a totally equally green screen.
Good luck to all those trading out there, Steve