There is currently 1 person viewing this thread.
I done a back/lay bet @ Punch in week (backed on Betvic/layed on Bf) which should have guaranteed me a profit. However the horse Won and I ended up with a small loss due to Betvic making a R4 reduction for a non runner. This has alerted me to a potential risk when a non runner is declared. I would be grateful for any advice from any other Bf traders who've come across this b4 and any creative ways to avoid it (if possible?)
sort by:
Show
per page
Replies: 9
|
By:
How can U avoid it...............horses can be withdrawn up to the off (at the start) for ex..........If theres a CHANGE OF GOING U can expect it as they can withdraw without a fine..........
|
|
By:
Thems the rubs of a trader...
|
|
By:
IT only hurts you if the horse is fancied . ie ten pence in pound deduction and above if the horse gets with drawn in the mornining early enough to form a new mkt your ok . check cos different bookies have different rules. you bet with one of the worst
|
|
By:
Thx crackerpants That's interesting as I never new bookies had different rules - I would have expected an industry standard.
|
|
By:
don't understand the post..if there is a rule 4 there is always a reduction factor on an exchange ?
and the tatts rule 4 heavily favours the punter [ e.g. 6/1 being only 10p ..and nothing for 16/1 chances even when there are two of them ] |
|
By:
You have to know every bookie's rule 4's. Most don't enforce 5p rule 4's but some do.
Victor definitely does enforce the 5p. I'm pretty sure all of the other main firms don't online. However they have different rules in shops where they do apply 5p rule 4's. With the exception of Paddy Power who don't enforce either the 5p OR 10p if you bet in shops! It's even more vitally important to have this information at your fingertips if you're a trader to adjust things if you get a late withdrawal. |
|
By:
Adge, I think the OP placed his lay after the non runner & was caught out by victor enforcing the 5p rule whereas the rest of the village don't online.
|
|
By:
yes , stoozbet , but betfair DO enforce a similar deduction also.
that's why the OP got caught out by the before and after scenario and why the exchange lay price was lower |
|
By:
Yup. If his lay was in before hand & got matched then he would have actually profited more than before.
|