New Posts For Thread: Can owners cash out bets on their own horses?https://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horsesUnless something has changed owners cannot lay thier own horses on an exchange. Can they lay off bets on their horse by cashing out with bookmakers pre race?Findlay had staked a total of £64,000 on him to win before the race started but, during the race, a friend who was operating his betting account took the opportunity to lay off £32,000 at shorter oddslayed off £32,000 in running ffs betfair wakeyhttps://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562592149#562592149Findlay had staked a total of £64,000 on him to win before the race started but, during the race, a friend who was operating his betting account took the opportunity to lay off £32,000 at shorter oddslayed off £32,000 in running ffs betfair wakeySat, 01 Oct 2022 06:08:07 -0500It has been obvious for donkeys sparrow since the BHA changed the ownership rules and exchange accounts,outside of exchanges any trainer or owner can back or lay to their heart is content.............FACT!!!https://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562588541#562588541It has been obvious for donkeys sparrow since the BHA changed the ownership rules and exchange accounts,outside of exchanges any trainer or owner can back or lay to their heart is content.............FACT!!!Thu, 29 Sep 2022 16:32:22 -0500Never mind looking and re-reading, just give your opinion.https://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562588503#562588503Never mind looking and re-reading, just give your opinion.Thu, 29 Sep 2022 16:25:14 -0500I had to look and re-read several times and TBH never realised this Forum had sunk so low with ill informed and moronic contributors who are not exactly new,the OP not excepted!!!Get a grip YSDCs? If you don't know you should NOT be gambling,little whttps://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562588471#562588471I had to look and re-read several times and TBH never realised this Forum had sunk so low with ill informed and moronic contributors who are not exactly new,the OP not excepted!!!Get a grip YSDCs? If you don't know you should NOT be gambling,little wThu, 29 Sep 2022 16:18:40 -0500OP, if big NH stables in Ireland can knowingly 'lay' non-runners using inside info owners cashing out bets on their own horses pales into insignificance, I'd imagine.Bookies have been knowingly and repeatedly assisted in money-laundering mega amountshttps://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562587465#562587465OP, if big NH stables in Ireland can knowingly 'lay' non-runners using inside info owners cashing out bets on their own horses pales into insignificance, I'd imagine.Bookies have been knowingly and repeatedly assisted in money-laundering mega amountsThu, 29 Sep 2022 09:54:25 -0500All the "no" answers here are referencing the rules banning owners laying their horses - I think it is pretty clear-cut that rule prohibits cashing out on exchanges.The interesting question to me is whether it also prohibits cashing-out sportsbook behttps://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562587391#562587391All the "no" answers here are referencing the rules banning owners laying their horses - I think it is pretty clear-cut that rule prohibits cashing out on exchanges.The interesting question to me is whether it also prohibits cashing-out sportsbook beThu, 29 Sep 2022 09:32:39 -0500no doubt stacks of owners / syndicates fall foul without ever knowing they were doing wrong, most on just small scale and will never get noticed, you only have to look at how few big cases hit the bha headlines and how few get warned offhttps://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562582661#562582661no doubt stacks of owners / syndicates fall foul without ever knowing they were doing wrong, most on just small scale and will never get noticed, you only have to look at how few big cases hit the bha headlines and how few get warned offTue, 27 Sep 2022 14:42:59 -0500They wouldnt be able to get a bet on in the first place to be able to cash out.https://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562582641#562582641They wouldnt be able to get a bet on in the first place to be able to cash out.Tue, 27 Sep 2022 14:37:06 -0500doubt as above they'd get picked up in the majority of caseshf was shopped because there's zero chance the bha are clued uphttps://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562582623#562582623doubt as above they'd get picked up in the majority of caseshf was shopped because there's zero chance the bha are clued upTue, 27 Sep 2022 14:34:44 -0500All these are exchange bets I’d guess or at least the lay part would be. That is a big no no.I’m still not sure if anyone has been done for cashing out the same bet with bet356 or Slybet.https://community.betfair.com/horse_racing/go/thread/view/94102/31775945/can-owners-cash-out-bets-on-their-own-horses?post_id=562582583#562582583All these are exchange bets I’d guess or at least the lay part would be. That is a big no no.I’m still not sure if anyone has been done for cashing out the same bet with bet356 or Slybet.Tue, 27 Sep 2022 14:26:10 -0500