New Posts For Thread: Problem with the 'Cash out' feature.https://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-featureOk, its nearly half time in the Chelsea Arsenal game and I may want to cash out my chelsea lay. However despite it saying 'cash out is available' cash out does not appear anywhere.I cannot back the result as I have under £2 in my account.Someone heGiven the numerous other ways in which betfair takes money at the expense of the customer by offering poor value, why should we not expect the same here? I'm not willing to give them the benefit of the doubt with regards to best execution. Well I'm thttps://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512317149#512317149Given the numerous other ways in which betfair takes money at the expense of the customer by offering poor value, why should we not expect the same here? I'm not willing to give them the benefit of the doubt with regards to best execution. Well I'm tTue, 08 Nov 2011 11:14:13 -0600I think the cash our feature is pants but the hysterical allegations of betfair ripping people off that keep getting repeated on these boards don't make sense and appear just that : hysterical allegations. It's buggy, doesn't work well and a bit rubbhttps://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512304729#512304729I think the cash our feature is pants but the hysterical allegations of betfair ripping people off that keep getting repeated on these boards don't make sense and appear just that : hysterical allegations. It's buggy, doesn't work well and a bit rubbTue, 08 Nov 2011 06:07:09 -0600What benefit is there to the customer by having a worse price being displayed than the current one, given that it is not guaranteed anyway?!?! The Cash Out feature will only match bets at prices that would achieve the minimum indicative return or bethttps://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512298883#512298883What benefit is there to the customer by having a worse price being displayed than the current one, given that it is not guaranteed anyway?!?! The Cash Out feature will only match bets at prices that would achieve the minimum indicative return or betTue, 08 Nov 2011 00:46:50 -0600Okay, since you wanted more information I'll provide it.It was on the Fulham v Spurs Match Odds market, I had backed Spurs at 2.4 in anticipation of them coming in, and it was when the market was showing 2.34/2.36. Like I said, the cashout feature wahttps://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512290009#512290009Okay, since you wanted more information I'll provide it.It was on the Fulham v Spurs Match Odds market, I had backed Spurs at 2.4 in anticipation of them coming in, and it was when the market was showing 2.34/2.36. Like I said, the cashout feature waMon, 07 Nov 2011 18:12:04 -0600Thanks for the information Chilly the Dog.https://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512271553#512271553Thanks for the information Chilly the Dog.Mon, 07 Nov 2011 11:21:47 -0600If you look at what your browser does when you click cash out, you'll notice it simply sends in a bet. the bet looks identical to bets submitted from the market view, it's just that it's generated by that button instead of in the normal way. I and mahttps://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512270629#512270629If you look at what your browser does when you click cash out, you'll notice it simply sends in a bet. the bet looks identical to bets submitted from the market view, it's just that it's generated by that button instead of in the normal way. I and maMon, 07 Nov 2011 10:54:54 -0600There are a lot of accusations about the Cash Out feature in this thread but no credible evidence has been produced in support of any of those accusations (in any of the posts in this thread).I can only presume that the forum users who stated that thhttps://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512270331#512270331There are a lot of accusations about the Cash Out feature in this thread but no credible evidence has been produced in support of any of those accusations (in any of the posts in this thread).I can only presume that the forum users who stated that thMon, 07 Nov 2011 10:46:39 -0600"a poorer price is displayed to give you a "worst case" idea of how it might turn out"So the price is guaranteed, even if lots of others do it at the same time? No...didn't think so.https://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512218499#512218499"a poorer price is displayed to give you a "worst case" idea of how it might turn out"So the price is guaranteed, even if lots of others do it at the same time? No...didn't think so.Sun, 06 Nov 2011 08:41:50 -0600^^^^ just to show that is complete rubbish, I've currently got a bet on a market in a premiership game (pre match odds for a game later). If I cash out, it is offering me £1.68 profit. If I do it manually, it is £3.39.Oh, and there is well over £5https://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=512218383#512218383^^^^ just to show that is complete rubbish, I've currently got a bet on a market in a premiership game (pre match odds for a game later). If I cash out, it is offering me £1.68 profit. If I do it manually, it is £3.39.Oh, and there is well over £5Sun, 06 Nov 2011 08:39:08 -0600Betfair do not pocket the difference - a poorer price is displayed to give you a "worst case" idea of how it might turn out. Once your order hits the market, all the standard rules apply wrt best execution.https://community.betfair.com/general_betting/go/thread/view/94082/28637681/problem-with-the-cash-out-feature?post_id=511938085#511938085Betfair do not pocket the difference - a poorer price is displayed to give you a "worst case" idea of how it might turn out. Once your order hits the market, all the standard rules apply wrt best execution.Mon, 31 Oct 2011 09:01:55 -0500