Combined liability can work hugely in your favour when matched betting. It will allow you to cover many more bets on the same market that have different outcomes with you only having to cover the bet with the highest liability.

To explain this further here is an example. Let’s say that you are looking at the top goalscorer market for the European Championships. There are more than 5 individual offers with different bookmakers offering a free bet every time that the player you back to be the top goal scorer, scores a goal.

On Coral, you can see that the odds are as follows:

Combine Liability

These odds will be similar across the different bookmakers. If you were to pick the same player for every offer (Muller for example) you would need to combine your total stake X the total odds. Very quickly your liability will skyrocket. However, using combined liability you can keep this exposure much lower.

Combined liability works because only one player that can be the top goalscorer for the championships so you can only payout on one of them and not 5 different players, so you don’t need to have liability for every goalscorer that you select, only the one with the highest liability as that is the maximum you will need to payout.

There may be a case where a number of players are joint top scorers, but in this case the payout and liability is reduced by dividing the odds by the number of winners. Thus reducing your payout and liability by the corresponding amount.

Combine Liability Exchange

The best way to take advantage of combined liability in the example above is to select 5 different top goalscorers at the different bookmakers and lay them all off on the same exchange. This is really important as you won’t get the same benefit if you do some at Smarkets and some at betfair.

The best way to take advantage of combined liability in the example above is to select 5 different top goalscorers at the different bookmakers and lay them all off on the same exchange. This is really important as you won’t get the same benefit if you do some at Smarkets and some at betfair.

Your total combined liability would only be as high as the goalscorer with the highest liability, ie Harry Kane at £235, but we have managed to place the following bets:

  • Thomas Muller - Liability £210
  • Cristiano Ronaldo - Liability £180
  • Antoine Griezmann - Liability £205
  • Olivier Giroud - Liability £210
  • Harry Kane - Liability £230

 

If we placed these bets individually the liability would come to £1,035, but because of combined liability it’s only costing us £235 in liability.

It’s also worth remembering that combined liability only works effectively on outright winner markets. In markets where there can be more than one winner, your liability will not be reduced by as much.

When combining liability it is still important to get close matches to minimise your losses on the matched bets.

It’s also worth noting that when you combine liability, your exchange balances on Yesbets will be not be the same as your actual balance. This is because Yesbets doesn’t combine liabilities when calculating your balances, but they will be correct when you settle all of your bets.

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