General Betting
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had 200 pounds on giorgi to beat williams at 4/1
after the first set , odds were evens each of two
what would you have done ?
1 - let it ride
2 - back 200 pound on williams at evens (free bet)
3 - cash out 300 pound profit
4 - something else
after the first set , odds were evens each of two
what would you have done ?
1 - let it ride
2 - back 200 pound on williams at evens (free bet)
3 - cash out 300 pound profit
4 - something else
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Replies: 28
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or...
5 aftertimed on here to show how clever I am |
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Cash out and green up.
Take the profit. Always. |
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layed giorgi for £1000, £760 profit on williams win, better to trade the bet then to just it cash out
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what's the right answer? Decide if evens was value? I think giving yourself a free bet is not a bad policy in general.
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Everyone wants to win however surely rule number one is not to lose.
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pumphol,
many years ago, someone in here said to me, might even have BEEN you, " it's not about winning, it's about not losing." I've never forgotten those words. |
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Been here a long time Eric & yes its something I have said a few times in here so it may well have been me.
May the betting gods be with you  |
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Number one rule of trading, never ever "hit the cash out tab" on any betting site.
If greening up is the correct option then if you had been the layer of the bet and able to get out for a £300 loss is that also the correct option, would you have done it? What if the bet had been for £5 rather than £200. would that change anything? it should not make any difference, but suspect that it might. What if at the same point in the game you could have only taken a £200 profit instead of the £300 profit, would that have been good enough to take? or do the odds not matter, a profit is a profit?? |
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Good points there trebor.
Right now I'm barely out of two-quidding but yes the stake, especially in a poor mkt, would make a difference. I Would, I think, prioritise getting my stake back and set a time limit on getting matched for the rest? Leave poor mkts alone altogether? But I do okay with them, at the moment. As for profit amount. I have some idea, and expectation I suppose, of how the mkt is going to react if/when an event seems to be going my way. Having said that, I don't like to linger. I'll take what I can and run. If/when I find that what I'm doing isn't worth it, well? It'll be back to the drawing board I suppose. But right now, I'm doing okay,and , more to the point, I like doing what I'm doing. And I allow myself to dream. |
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trebor, how long have I been here? I finally got what you said about not hitting the cash-out button. Apologies mate.
Living and learning. |
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Yes was not saying don't green up, but you pay for the service of the site greening up for you, better to do it yourself.
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I saw that yesterday and shall be putting up my own trade out price in the future.
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@Trebor
"but you pay for the service of the site greening up for you" How's that? I had a look at the Cash Out thing on here when it first came out and it's just placing lay bets for me, didn't see any sign of paying for it. |
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You don't pay a actual fee, but if I was to cash out now on the Open golf I would get 19% less than if I cashed out through Bet Angel, and I would not cash out through them either because there will be plenty of players I would not want to green up on anyway.
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Well,
I put a bid in on a game yesterday effectively cashing out for odds of the lowest lay/pink box and the result was better than what was on offer in the cash-out. |
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Can't say I've seen that, will have to have a play again.
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I'm not so sure that there's any sort of charge going on here. Maybe if/when there's a gap between the blue and the pink, and if blue is weak you are probably catching lower bids that are going through the system as you hit the cash out. But again, what do I know?
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ericster…. In settings have you got the "what if" box ticked? that shows you what you can cash out for yourself by playing around with odds and stakes.
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trebor,
I don't know and if I did I wouldn't know. When I'm looking to " green-up or RED-up." I'm in a hurry. Five minutes. Max. |
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Click on settings top right on market screen, on same line as forum, drop down menu click the last box which is "what if"
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Then when you click on any odds to place a bet it shows you what will happen on all outcomes before you place the bet.
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trebor, thanks, but:
Like I said, I'm usually in a hurry, have some idea of where the mkt is headed, within a spot or two, and it's " take what I can get " basically, and gtfo. |
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Whatever the rights and wrongs of greening up, hitting the `cash out` button is ALWAYS wrong, as bf will do whatever necessary to get you to an instant level profit, but this will be done by backing/laying at whatever random prices are available at the time. This may include laying at 1000, and backing others at stupidly short prices, giving all the value to your counterparties; by putting up your own back/lay prices and waiting to be matched at prices that are value to YOU, your greening up will be far more profitable.
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Exactly.
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