Time for BF to clear bets is crazy

People that complain about slow settlements are generally those that overstake. People that overstake will inevitably lose.

Perhaps you need to understand when markets are settled and most certainly you should review your staking strategy.

Surely that was reflected in the odds?

Don't worry so much about BF settling bets. You'll go bust before that issue really gets to you.

Yes I think it was somewhere around 20/1 odds , I tend to play the lay 0-0, lay any other score, or under 4.5 goals depending on where my best bets fit.

As for going bust, I only started with a small amount of money in my BF account because I lose a lot on exchange rate and visa fees etc depositing money, so why deposit all my money when maybe i don't need to ? So I thought i will just deposit 400$ to start and I can deposit more later if i lose up to 5000$ which is my bank i wanted to start with.

So I am now up to about 1200$, I am not sure why i would go bust , is it just because the poster thinks all people go bust ? I do know I will lose many bets, i am not stupid, I just try to lose as little of my bets as I can.

I started by risking my whole 400$ bank on each bet, but in my mind it was 400$ out of a 5000$ bank, even if that money has not been deposited in BF. Now I am just risking 400$ still but that is 33% rather than 100% , so where is this assuredness I will lose my whole bank ?

Back to my question though. If a team scores a goal half way through their game, and I layed the 0-0 result, why does it take until 20 minutes after the game to clear the bet ? and is this common ?

please.

Thank you

But if i lose 3 in a row I will just lose 1200$, I will still have 4600$ left for depositing to my bank. So certainly not wiped out.

The good thing about football is that it has nothing to do with odds and everything to do with selection . For example today there were many 20/1 bets i could have taken, but they certainly were not all equally as likely to succeed in my mind. In fact some of them seemed like buying money and some of them i would never risk at just 20/1 odds.

In fact i can't see why there are actually people offering up lays at some of those prices.

I understand that, but the reason i have no money to bet is because only 8% of my bank was deposited into Betfair, to start with. But if 5% is a good amount to bet then I was starting with close to that, so that is good.

If I deposit into Betfair I have to deposit in AUS $ , that means it converts my NZ$ first, then when i withdraw later i will need it converted back, I actually lose 10% in that process, so not worth me depositing any more than is absolutely necessary. My real bank still started at 5000$ though, and i invested 400$ to begin.

settlement times used to be a lot worse, and on the big events such as grand national or gold cup it can be mega slow.

The reason i didn't deposit it all is because i basically lose 10% of it in exchange fees by doing so, and if i am successful I would not need to deposit it all.

Also I did not see any logical reason why they would take so long to settle a football market, especially one that can not be under enquiry or anything, so i figured it is fine to start with less money in the account.

Now I know Betfair do take their time, I will deposit more, although now I have already gained 300% of my initial deposit, i probably don't need to deposit much extra anyway.

I actually agree with corbchenko that late settlement can be a nuisance, although I felt it more when my bank was smaller.

Regarding the backing at 1000 to get your money back... 0.1% is a high price to pay I think.
I lay at 1000 quite regularly, and I'm quite happy with the 0.1% return on my money, provided I can do it a couple of times a day. The real return will be lower of course, as you will eventually lose some bets even laying at 1000.

I'm referring to laying unlikely events rather than laying something that can no longer happen. But even there, mistakes are made!