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rileyuma
11 Jul 18 18:21
Joined:
Date Joined: 15 Jan 16
| Topic/replies: 16 | Blogger: rileyuma's blog
had 200 pounds on giorgi to beat williams at 4/1
after the first set , odds were evens each of two
what would you have done ?
1 - let it ride
2 - back  200 pound on williams at evens (free bet)
3 - cash out 300 pound profit
4 - something else
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Report Johnny The Guesser July 12, 2018 9:47 PM BST
2
Report PeteTheBloke July 13, 2018 6:45 PM BST
or...

5 aftertimed on here to show how clever I am
Report ericster July 14, 2018 5:17 PM BST
Cash out and green up.
Take the profit.
Always.
Report roadrunner46 July 16, 2018 7:39 PM BST
layed giorgi for £1000, £760 profit on williams win, better to trade the bet then to just it cash out
Report TheFear July 16, 2018 10:11 PM BST
what's the right answer? Decide if evens was value?  I think giving yourself a free bet is not a bad policy in general.
Report pumphol. July 16, 2018 11:43 PM BST
Everyone wants to win however surely rule number one is not to lose.
Report ericster July 17, 2018 7:44 AM BST

Jul 16, 2018 -- 7:39PM, roadrunner46 wrote:


layed giorgi for £1000, £760 profit on williams win, better to trade the bet then to just it cash out


46,

There is no straight forward answer to this one, depending on the event being bet on, and each to their own. I think maybe it might be better, in the event of the " green-up opportunity " to get your stake back and let the profit run for a while in the hope of a better cash out. Not necessarily a clear even cash out.  A cash out that favours the win perhaps. But right now I'm all for hitting the cash out tab, levelling it up, as near as one can, then taking it and running.

Will see how it goes for now.

Report ericster July 17, 2018 7:45 AM BST

Jul 16, 2018 -- 11:43PM, pumphol. wrote:


Everyone wants to win however surely rule number one is not to lose.


Absolutely.

Report ericster July 17, 2018 7:48 AM BST
pumphol,

many years ago, someone in here said to me, might even have BEEN you, " it's not about winning, it's about not losing." I've never forgotten those words.
Report pumphol. July 17, 2018 10:13 AM BST
Been here a long time Eric & yes its something I have said a few times in here so it may well have been me.

May the betting gods be with you Happy
Report ericster July 17, 2018 10:25 AM BST

Jul 17, 2018 -- 10:13AM, pumphol. wrote:


Been here a long time Eric & yes its something I have said a few times in here so it may well have been me.May the betting gods be with you


You to pumphol.

Report trebor July 17, 2018 11:08 AM BST
Number one rule of trading, never ever "hit the cash out tab" on any betting site.

If greening up is the correct option then if you had been the layer of the bet and able to get out for a £300 loss is that also the correct option, would you have done it?

What if the bet had been for £5 rather than £200. would that change anything? it should not make any difference, but suspect that it might.

What if at the same point in the game you could have only taken a £200 profit instead of the £300 profit, would that have been good enough to take? or do the odds not matter, a profit is a profit??
Report ericster July 17, 2018 11:29 AM BST
Good points there trebor.
Right now I'm barely out of two-quidding but yes the stake, especially in a poor mkt, would make a difference. I Would, I think,  prioritise getting my stake back and set a time limit on getting matched for the rest? Leave poor mkts alone altogether? But I do okay with them, at the moment.

As for profit amount.
I have some idea, and expectation I suppose, of how the mkt is going to react if/when an event seems to be going my way. Having said that, I don't like to linger. I'll take what I can and run. If/when I find that what I'm doing isn't worth it, well? It'll be back to the drawing board I suppose.

But right now, I'm doing okay,and , more to the point, I like doing what I'm doing. And I allow myself to dream.
Report ericster July 18, 2018 8:27 PM BST
trebor, how long have I been here? I finally got what you said about not hitting the cash-out button. Apologies mate.

Living and learning.
Report trebor July 19, 2018 12:01 AM BST
Yes was not saying don't green up, but you pay for the service of the site greening up for you, better to do it yourself.
Report ericster July 19, 2018 9:12 AM BST
I saw that yesterday and shall be putting up my own trade out price in the future.
Report longbridge July 20, 2018 12:03 PM BST
@Trebor

"but you pay for the service of the site greening up for you"

How's that?  I had a look at the Cash Out thing on here when it first came out and it's just placing lay bets for me, didn't see any sign of paying for it.
Report trebor July 20, 2018 1:41 PM BST
You don't pay a actual fee, but if I was to cash out now on the Open golf I would get 19% less than if I cashed out through Bet Angel, and I would not cash out through them either because there will be plenty of players I would not want to green up on anyway.
Report ericster July 20, 2018 2:51 PM BST
Well,
I put a bid in on a game yesterday effectively cashing out for odds of the lowest lay/pink box and the result was better than what was on offer in the cash-out.
Report longbridge July 20, 2018 3:46 PM BST
Can't say I've seen that, will have to have a play again.
Report ericster July 20, 2018 4:04 PM BST
I'm not so sure that there's any sort of charge going on here. Maybe if/when there's a gap between the blue and the pink, and if blue is weak you are probably catching lower bids  that are going through the system as you hit the cash out. But again, what do I know?
Report trebor July 21, 2018 11:40 AM BST
ericster…. In settings have you got the "what if" box ticked? that shows you what you can cash out for yourself by playing around with odds and stakes.
Report ericster July 21, 2018 1:29 PM BST
trebor,
I don't know and if I did I wouldn't know. When I'm looking to " green-up or RED-up." I'm in a hurry. Five minutes. Max.
Report trebor July 21, 2018 1:37 PM BST
Click on settings top right on market screen, on same line as forum, drop down menu click the last box which is "what if"
Report trebor July 21, 2018 1:39 PM BST
Then when you click on any odds to place a bet it shows you what will happen on all outcomes before you place the bet.
Report ericster July 21, 2018 2:07 PM BST
trebor, thanks, but:

Like I said, I'm usually in a hurry, have some idea of where the mkt is headed, within a spot or two, and it's " take what I can get " basically, and gtfo.
Report timbuctooth July 23, 2018 5:18 AM BST
Whatever the rights and wrongs of greening up, hitting the `cash out` button is ALWAYS wrong, as bf will do whatever necessary to get you to an instant level profit, but this will be done by backing/laying at whatever random prices are available at the time. This may include laying at 1000, and backing others at stupidly short prices, giving all the value to your counterparties; by putting up your own back/lay prices and waiting to be matched at prices that are value to YOU, your greening up will be far more profitable.
Report ericster July 23, 2018 9:10 AM BST
Exactly.
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