How to make Bets on betfair under the minimum

Hi Guys was interested in the question from presumably a newbie last week and trawled the net - surprise surprise - there is a way -- not sure how much betfair like it but its is a tool for guys to get used to the betting methodology and placing bets without running through their bank like water through a sieve ---

Making Bets and Taking Lays @ Under Betfair’s £2 Minimum

By System Tipster • February 23, 2008 -

 http://www.systemlays.co.uk/making-bets-and-taking-lays-under-betfairs-2-minimum/179/

"" We keep talking about the little secret that allows a user with a small amount of time and patience to place bets for less than Betfair’s £2 minimum.

Whether you like to place normal ‘back’ bets, or you like to put odds and ‘lay’ horses to lose, small stakes players often want to bet below the £2 minimum employed by Betfair. For example, that 250-1 shot looks tempting, and help you ‘green up’ on a position, but you only want to stake 50p on it. Here is our simple guide to backing and laying below Betfair’s arbitrary £2 minimum:

Backing with a stake of less than £2 on Betfair

In this example, I imagine that I want to back a horse for a stake of 50 pence, at the current market price of 5.5.

Step 1 - Click the ‘back’ box of the horse of your choice.

Step 2 - In the ‘price’ side enter ’1000′ (assuming the price is less than 1000!) and in the Stake box, enter £2 – press submit.

Your bet will not be matched, instead it will be listed in your “My Bets” tab as unmatched

Step 3 – Change the ‘stake’ add your intended stake amount to the existing £2 – so enter £2.50 and press ‘submit’.

You will now have 2 unmatched bets for 1000 – one for £2 and one for 50pence.

Step 4 – in the 50p bet, change the odds to those currently available to back – 5.5. Click cancel on the £2 bet @ 1000. Press submit.

Hey presto! That’s all there is to it! You’ve just placed a bet for 50p. Now to make them win…

Laying with a stake of less than £2 on Betfair

In this example, I imagine that I want to lay a horse for a stake of 50 pence, at the current market price of 2.5.

Step 1 - Click the ‘lay’ box of the horse of your choice.

Step 2 - In the ‘price’ side enter ’1.01′ (assuming the price is more than that) and in the Stake box, enter £2 – press submit.

Your bet will not be matched, instead it will be listed in your “My Bets” tab as unmatched
Step 3 – Change the ‘stake’ add your intended stake amount to the existing £2 – so enter £2.50 and press ‘submit’.

You will now have 2 unmatched lay bets for 1.01- one for £2 and one for 50 pence.

Step 4 – in the 50p bet, change the odds to those currently available to lay – 2.5. Click cancel on the £2 bet @ 1.01. Press submit.

Hey presto! That’s all there is to it! You’ve just placed a bet for 50p. Now to make them lose every time…

Of course we haven’t got a totally failsafe method for constant success backing and laying just yet – when we do, we’ll be sure to let you know! However, consistent profit has been achieved for the past three years following the exact same laying selections we list within these very pages, for free, every single day.

Start small. Minimise risk. Grow your bank organically.""

you will not grow rich doing this but at least you will become familiar with the system !

 It does work and hope the article is of interest to the newbie readers

 BobT