New Posts For Thread: Can someone else try explaining CASHOUT to me?https://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-meHi been using CASHOUT for a wee while just now. A run of freakish results has been giving me freakish rewards and Betfair just reply with a link to the CashOut video.Hoping someone else can explain whats going on here.I have had 3 bets on teams not eThanks for all contributions, the Betfair reply isnt worth copy and pasting, it basically referred me to the user video. I have asked them to tell me where I can see CashOuts on my statements, or if there is somewhere else in my accounts section thathttps://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=519174461#519174461Thanks for all contributions, the Betfair reply isnt worth copy and pasting, it basically referred me to the user video. I have asked them to tell me where I can see CashOuts on my statements, or if there is somewhere else in my accounts section thatMon, 30 Apr 2012 04:01:33 -0500just the same as tradeing in profit yourself but their doing it for you wish they do it on horses to save timehttps://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=519055801#519055801just the same as tradeing in profit yourself but their doing it for you wish they do it on horses to save timeThu, 26 Apr 2012 15:05:31 -0500Explain this one then Chilly...To test it I evened up my book to the following figures quoted after commission:Barca +349.08Chelsea +381.43To equalise it totally its should be +359.87 the pair but I am being offered only 350.54https://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=519039815#519039815Explain this one then Chilly...To test it I evened up my book to the following figures quoted after commission:Barca +349.08Chelsea +381.43To equalise it totally its should be +359.87 the pair but I am being offered only 350.54Thu, 26 Apr 2012 07:35:45 -0500Joebroke - the value quoted is a pessimistic estimate. If you find a quiet market (ie one where prices are not changing) and test, you will find that it gives you much better results.It boils down to what you'd rather have:a) a button that tells youhttps://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=519037459#519037459Joebroke - the value quoted is a pessimistic estimate. If you find a quiet market (ie one where prices are not changing) and test, you will find that it gives you much better results.It boils down to what you'd rather have:a) a button that tells youThu, 26 Apr 2012 05:50:35 -0500Chilly the Dog you are wrong,you do receive less with cashout thanif you work out your bets yourself,it maybe a couple of quid here or there,but that adds up,you should try it before you give misleading advice.https://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=518995797#518995797Chilly the Dog you are wrong,you do receive less with cashout thanif you work out your bets yourself,it maybe a couple of quid here or there,but that adds up,you should try it before you give misleading advice.Wed, 25 Apr 2012 02:51:53 -0500which is possibly happened to Ronin.https://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=518935975#518935975which is possibly happened to Ronin.Mon, 23 Apr 2012 11:36:17 -0500I think I have a theory??????? on how it works.It does the reverse of every single bet you've struck so for instance..If you laid Chelsea at 1.5 for 500 and also backed them for 250 at 1.5 it wouldn't recognise that you had in effect only laid them fhttps://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=518935905#518935905I think I have a theory??????? on how it works.It does the reverse of every single bet you've struck so for instance..If you laid Chelsea at 1.5 for 500 and also backed them for 250 at 1.5 it wouldn't recognise that you had in effect only laid them fMon, 23 Apr 2012 11:34:28 -0500there are only 2 selections though Chelsea and Barcelona!https://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=518935581#518935581there are only 2 selections though Chelsea and Barcelona!Mon, 23 Apr 2012 11:24:35 -0500I read that instead of laying your selection it backs all others, which can result in much much worse odds, especially in markets where non-runners are still quoted as 1000 to back.https://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=518933155#518933155I read that instead of laying your selection it backs all others, which can result in much much worse odds, especially in markets where non-runners are still quoted as 1000 to back.Mon, 23 Apr 2012 10:17:02 -0500lol I was going to try the cash out facility but I don't trust it.To test it I evened up my book to the following figures quoted after commission:Barca +349.08Chelsea +381.43To equalise it totally its should be +359.87 the pair but I am being offeredhttps://community.betfair.com/general_betting/go/thread/view/94082/29071803/can-someone-else-try-explaining-cashout-to-me?post_id=518932575#518932575lol I was going to try the cash out facility but I don't trust it.To test it I evened up my book to the following figures quoted after commission:Barca +349.08Chelsea +381.43To equalise it totally its should be +359.87 the pair but I am being offeredMon, 23 Apr 2012 09:58:04 -0500