2 Questions from somebody new to Betfair...

Don't worry yourself with all this because betfair will be on the other side of the majority of your bets.

So Betfair will at times bet against you yeh? And Mr. Angry with the first question I was basically checking if I wa right in saying that in the case of somebody "greening out" they will be winning money off somebody who has "greened out" at a loss?

Tom, you've probably noticed that you haven't picked a very good week to be asking about things Betfair. Emotions are running rather high just at the moment..

When you green out, the people taking the other side of your trade could be accepting a loss on their current position. Just as easily though, they could be taking profit on their own position. If you had backed something at 3.00, and somebody else had been laying it at 2.00, you could both deal with each other at 2.50 and be looking to profit from the transaction.     And the other person might not be closing out their position at all - they might be opening up a new position at the same time that you're closing yours.

In short, the other person isn't necessarily losing when you profit. They're just taking the other side. That might work out well for them or not. Either way, it's not really something you should bother thinking about.

Poor tom! I think lord bobbin covered it quite well.
A few pointers:
- Have the 'what if' function selected, it shows you the consequences of your intended bet.
- Always check your bet before submitting to the system, sometimes the interface or your browser can change numbers without warning.
- Always check you are in the right market before submitting a bet. If the price looks wrong, check that you are not wrong!

The reason for the comments above are due to betfair imposing extortionate taxes/charges on peoples accounts who they claim are winning money without giving enough to betfair. I know, the cheek of it! There are specific types of users which are actually draining the pool (regardless of how much betfair earn from it) and this charge addresses this so far as it benefits betfair but not me or you. However, betfair have netted plenty of people who, in the future, may turn out to not be the intended profile for the charge. Thing is, they could have already paid out a hefty sum in charges which are non-refundable, should they be deemed un-necessary at a later date. Its quite a high threshhold to meet for someone new though, so don't worry about it just yet. Just remember that if you do become successful and your betting fits a certain criteria/pattern, betfair will take up to 60% of your profits. There are thousands of posts about it, enjoy.

Above all, be careful on betfair, its a minefield for new users, but there may still be scope to win some good dough!

Is a stooge someone who attempts to answer the guys question instead of ranting about the PC?

Why is he a stooge? Is MrAngry completely paranoid .. is he a Feck sock puppet?