General Betting
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I have a bet on the Tsonga-Ljubicic match in the tennis at the moment and last time I looked at the in-play overview screen for this market there was a button telling me how much I could "cash out" for at that moment. Just had another look at that screen now though and the button is no longer there. I'm sure this has happened to me before in football markets too. Does anyone know how you actually access this feature or does the button just appear and disappear as it feels like? Thanks.
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Replies: 12
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Do yourself a favour and never use it, it's just a rip off to get you to take a poorer price than if you did it manually. Another betfair con.
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You're right Modjadi, that's why I haven't used it before. However, on this occasion I have zero funds in my account to lay off a bet, which is why I wanted to use it now, but can't find the damn thing!
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You don't need funds in your account to lay off a bet. The cashout does nothing that can't be done normally, other than leaving you with less money.
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That's not right, you can't lay off a bet if you've got no funds (at least £0.02). That's the only use I can see for the cashout function.
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It is right mate, if you have backed a side you can green out of potential winnings even if your balance is zero. I guarantee that is correct, ask anyone else if you don't believe me.
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Flip me, I never knew that. Well let's say you back player A at 3.0 for £10 and the price eventually goes down to 1.20 at which time you decide you want to lay off. I thought you would need at least 40p in your account (i.e. a fifth of £2 minimum stake) to be able to lay any money at all off that bet. How does it work when you have zero credit?
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Because you are betting out of your potential winnings.
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It really is that simple, honestly.
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Ok cheers, I got you know. I can't believe I've been so retarded in never realising it before
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No problem, we all learn something new from time to time
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There is a reason to leave 1p in your account however, and you always should.
There's a bug in betfair when you get to 0.00 that sometimes rounds your balance to -0.01 If this happens you actually will be unable to trade, even if you use your green. Other than that, everything Modjadji said is correct. |
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Yep, Lori is right. Something to do with the rounding amount being different in other currencies (I think?)
Always leave 1p in and you can't go wrong. |