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MrS79
28 Jun 12 14:56
Joined:
Date Joined: 28 Jun 12
| Topic/replies: 3 | Blogger: MrS79's blog
Hi all..

I have a question regarding multiple betting...
Im not too sure how it works on Betfair... for instance if I did a multiple (accumulator) bet over 7 races...
if there was a chance I picked the winner on all races when it did get to for instance the 7th race with 6 wins (at this point there could be say 25k+)... how does it work?... does it still have to find bets for the whole stake?

if it does what happens if there is not enough to fill the bet?

thanks j
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Report Deltâ • June 28, 2012 3:43 PM BST
liablity is not in the markets  - so no probs
Report tobermory • June 28, 2012 3:43 PM BST
Betfair lay the multiples themselves so you don't have to worry about people on here not having enough money to match the 7th leg
Report Deltâ • June 28, 2012 3:49 PM BST
Making Of Bets

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An offer which you make for a bet is open for acceptance by Betfair as a principal counterparty in whole or in part in accordance with these terms and conditions.

Once Betfair has accepted your offer, you will not be allowed to change the terms of that bet or cancel or withdraw from that bet. Acceptance of an offer by Betfair concludes the bet.

Notwithstanding any statement to the contrary in this Agreement, we may elect, in certain very limited circumstance, to nominate one or more of our affiliate or joint venture companies to accept your offers for bets. If we do so, we will take reasonable steps to bring this to your attention.
Report MrS79 • June 28, 2012 3:56 PM BST
Thanks, thats good, got 5 wins in a row yesterday and wondered what if I had got all 6.... would there be some getout...
I presume Betfair dont have any caps on winnings either.
Report chrisblues • June 28, 2012 6:08 PM BST
what bug me  do we pay pc on multiples ,placepot  on betfair
Report chrisblues • June 28, 2012 6:11 PM BST
multiples   do have lower odds  than    betfair markets    and  the placepot have a big takeout  of   28%    and the last thing needing to pay 23 to 40 or 60% on those types of bets
Report Deltâ • June 28, 2012 6:48 PM BST
Mrs79


£1m limit
Report longbridge • June 29, 2012 11:52 AM BST
£1m limit on serious football.  Lower limits all the way down to £25k for less serious football, minor sports - see Rules & Regs B 10.

And PC is only on Exchange commission, not Multiples, Fixed Odds, Tote, Games etc etc etc.
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