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The Lizard King
13 Apr 10 13:55
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Date Joined: 08 Nov 02
| Topic/replies: 158 | Blogger: The Lizard King's blog
Like an idiot I have placed a bet whilst distracted.

I've backed a horse in the TO BE PLACED market at odds : 2.12
I placed £95.00 on it! (don't ask)

How do I trade out of this please?

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Replies: 17
By:
freddiewilliams
When: 13 Apr 10 13:58
dial 999
By:
shiraz
When: 13 Apr 10 13:59
No different from any other market, lay it.
By:
buzzer
When: 13 Apr 10 13:59
lay at the same price for the same amount of money or at the current price, either winning or losing a few pounds. Go to more options and click 'WHAT IF' to get the required green or red
By:
The Lizard King
When: 13 Apr 10 14:09
The horse is currently now : 2.18 TO BACK and 2.24 TO LAY

What would you do in this situation?

Thanks.
By:
1.01 Layer
When: 13 Apr 10 14:12
trade out to a level loss, I would.
By:
Roger OASIS
When: 13 Apr 10 14:14
Agree with 1.01 Layer. Take the small loss and save your heart.
By:
The Lizard King
When: 13 Apr 10 14:15
Sorry about this. I want to learn how to trade, so this may well be a blessing in disguise.
This trading lark scares me to death...

So if I enter: 2.12 as my lay odds, will it get matched straight away?
By:
1.01 Layer
When: 13 Apr 10 14:16
THe pink price is the laying price
By:
The Lizard King
When: 13 Apr 10 14:19
I know that yeah lol

So, if I take the current lay price of 2.22 I will lose £9.46

Does that sound right?
By:
Eddie the eagle
When: 13 Apr 10 14:19
TLK , you have been on here for almost 8 years and should know this by now , but if you still are insecure , just put in a lay of £ 2 at 2.12 and see what happen.
By:
Roger OASIS
When: 13 Apr 10 14:20
Yes but you can juggle the amount so you are - £ 4.00 odd either way.
By:
1.01 Layer
When: 13 Apr 10 14:22
If you use the "what if" with google chrome, beware incorrect figures btw
By:
Eddie the eagle
When: 13 Apr 10 14:22
The Lizard King 13 Apr 15:19


I know that yeah lol

So, if I take the current lay price of 2.22 I will lose £9.46

Does that sound right?



You nwould lose £ 9.46 if the horse placed , but you **uld break even if it didn't place.
By:
The Lizard King
When: 13 Apr 10 14:27
Thank you Eddie The Eagle.
That's what I've ended up doing.

Yes, I've been here about 8 years (didn't know it was that long!) but I've never traded before.
Simply because it confuses me.

I've just had a crash course from you lot as it was panic stations time.

I realise I need to learn this as it seems every body who knows what they're doing on betfair - knows how to do it.

Thanks all.
By:
The Lizard King
When: 13 Apr 10 15:33
I thought you might like to know that the horse I backed was 'Vanilla Loan' who has just won....

ARRRRRRRRRRRRGGGGGGGGGGGHHHHHHHHHHHHH!!! lol
By:
Rocket to the FACE
When: 13 Apr 10 15:35
HAHAHAHA :D :D
By:
The Lizard King
When: 13 Apr 10 15:43
It's ok, I'd backed it to win too.............

I didn't have £95.00 on the place though lol.
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