New Posts For Thread: Cashout - How is it meant to workhttps://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-workCurrently got a bet on the tennis which is pre start. Backed, and matched, at a given price. Still pre start, but odds have lowered, and i am able to make a certain profit (albeit pennies).Thing is Cashout is telling me that i can cash out for zero iPerhaps you can experiment with this and report back if you continue to have concerns?https://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=542260581#542260581Perhaps you can experiment with this and report back if you continue to have concerns?Thu, 13 Nov 2014 09:28:42 -0600are we sure that cash out offers best execution if the prices change while the bet is being submitted?as any trader knows there are numerous occasions when you balance a book based on the available odds and get a lopsided book because better odds werhttps://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=542246099#542246099are we sure that cash out offers best execution if the prices change while the bet is being submitted?as any trader knows there are numerous occasions when you balance a book based on the available odds and get a lopsided book because better odds werWed, 12 Nov 2014 07:48:47 -0600nothing you can not do yourselfi'm afraid that probably doesnt apply to the majority of casual punters Betfair are wanting to attract, FATManhttps://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541995363#541995363nothing you can not do yourselfi'm afraid that probably doesnt apply to the majority of casual punters Betfair are wanting to attract, FATManFri, 24 Oct 2014 11:48:31 -0500nothing you can not do yourself,a waste of time,betfair would be better off spending more time making their site work properly which has cost me well over $10,000 already.https://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541972599#541972599nothing you can not do yourself,a waste of time,betfair would be better off spending more time making their site work properly which has cost me well over $10,000 already.Wed, 22 Oct 2014 19:04:45 -0500As pointed out early in the thread, the cash out feature calculkates/places bets a tick or two away from the best price to increase the chance of getting on, so the offer won't look as good as doing it yourself at the best price. But if the prices ahttps://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541962811#541962811As pointed out early in the thread, the cash out feature calculkates/places bets a tick or two away from the best price to increase the chance of getting on, so the offer won't look as good as doing it yourself at the best price. But if the prices aWed, 22 Oct 2014 07:43:15 -0500This thread refers to the use of the Cashout feature on the exchange. No fee is charged for using it.https://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541955725#541955725This thread refers to the use of the Cashout feature on the exchange. No fee is charged for using it.Tue, 21 Oct 2014 15:04:10 -0500Whenever iv looked at the cash out amount on my bets the offered amount has been ludicrous,if you want to cash out use the exchange market instead of paying a 30% premium for the pleasurehttps://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541954005#541954005Whenever iv looked at the cash out amount on my bets the offered amount has been ludicrous,if you want to cash out use the exchange market instead of paying a 30% premium for the pleasureTue, 21 Oct 2014 13:35:41 -0500Quite right JT, however......many / most on here would take things at face value, and TRUST the value Betfair has given. Which means that people are effectively being mislead / connned / cheated whichever.https://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541924545#541924545Quite right JT, however......many / most on here would take things at face value, and TRUST the value Betfair has given. Which means that people are effectively being mislead / connned / cheated whichever.Sun, 19 Oct 2014 11:51:28 -0500Any vaguely competent customer would be able to identify if best execution wasn't provided by the Cashout feature with any regularity.https://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541897451#541897451Any vaguely competent customer would be able to identify if best execution wasn't provided by the Cashout feature with any regularity.Fri, 17 Oct 2014 15:25:26 -0500The explanation sounds good in principle, but how does anyone know that they actually give what they say is the better price. Most people might accept what was offered, and not query it if the better price was not given.Notice that Betfair have theirhttps://community.betfair.com/general_betting/go/thread/view/94082/30367807/cashout---how-is-it-meant-to-work?post_id=541894151#541894151The explanation sounds good in principle, but how does anyone know that they actually give what they say is the better price. Most people might accept what was offered, and not query it if the better price was not given.Notice that Betfair have theirFri, 17 Oct 2014 12:02:25 -0500