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Is Cash Out a Con ........
Is Cash Out a Con ........
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Replies: 69
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Betfair's a right con. If you do a normal acca on the sportsbook they always round the accumulative odds down. What other bookmaker does that?
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3 selections on the betfair sportsbook; 1/6, 2/9, 4/6. Treble odds given 2.37 when it should be 2.38 and if you acca edge it, it goes to 1.32.
So if you bet £10 instead of winning £13.80 you get £3.20. |
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@workrider
I'd guess that it (the cash out widget) is trying to put in lay bets at or just above the best lay price on offer*, but as you say the horse was constantly shortening so every time it failed as by the time the 1 sec in-play delay had expired the price wasn't available anymore? * because that's all Exchange cashout does, it's apparent from My Bets/Account Statement |
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£3.20.
And this is all legit because the industry is so well regulated by the UK Gambling Commission. |
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What's acca edge give you? (apologies for naive question, I almost never bet with the books or do multiples)
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Longbridge,it was from the back straight to just before the last fence that I tried to cash out , thats a LONG time in a race , and the offer was getting BETTER not worse ..
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Just playing about on it now. TBF to this acca edge the percentage reduction isn't so bad if you pick bigger odds.
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Workrider - thanks, I'm clearly not thinking straight this morning. I wonder if the failed cashouts show up in My Bets as 'cancelled' or 'lapsed' so you can see what it was playing at?
I might have a go on this afternoon's racing and see. |
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No problem Longbridge..
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of course its a con ,any half wit should realise its wont be in the punters benefit,if your cashing out on the last last leg of an acca why put it in in the first place
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Told this story before, but it's worth repeating.
A lad in Selby had a 10 leg footy acca one saturday and come 4-35 was in the box seat in all positions. Checked his Cash-out and was offered around £600, which he took with glee (I think his original steak was a tenner, but don't quote me on that). Anyway, he was giving it the big 'un about being a shroooodie to anyone who would listen for all of about 15 mins, at which point the results were in and there had been no changes. He would've copped for £330K. Gas oven job. Moral of the story, go for a walk and don't look. |
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Ladsthis is not about accas ,its about cashing out on a horse race , one horse one race, horse is hacking up only danger it appears is the fences .Price tumbling like mad I asked to cash out before the third last horse hits 1.2. no cash out, why ?
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Desmond.
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Not sure why Workrider but why cant you cash out yourself that way you set the odds and no one else to blame.
Cash out is like p!ssing in the wind and hoping not to get wet. But no doubt you are aware of that now. Like most things on Betfair learning the hard/costly way is the most informative. |
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workrider 22 Jan 16 15:33
Ladsthis is not about accas ,its about cashing out on a horse race , one horse one race, horse is hacking up only danger it appears is the fences .Price tumbling like mad I asked to cash out before the third last horse hits 1.2. no cash out, why ? Just lay the thing ffs! No offence. |
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Trade out yourself using BF, offer a price a bit bigger than it currently shows, to give yourself a little leeway in case the market moves against you during the time you're trying to do it...you need gruss with one click betting.
Trying to cash out as you're using it would be like running a race through quick sand. |
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I've noticed this on footy.
Layed a footy game 4.5 unders £30 @ 5s Goal scored early but when betting settled later in game I could have bet £30 @ 5s to be quits: OR I could cash out but still lose £5. You take your choice? |
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jeses....desmond
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How was he giving it the big un, he couldn't have been much good at basic maths I guess.
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why do a ten team acca if all u would like is 600
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How did we ever manage before Cash Out?
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the prob is..most want to cash out when the tide turns.
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Yeh, you got to do it while you still think you're giving away money on a winning bet.
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because of the inbuilt delay cash out during a race not really a viable option...i find it useful to use in test matches when there's not the same time pressures.
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Acca Edge is also a CON. William Hill and Ladbrokes offer you your money back if 1 leg of 5 fold loses - but you get the full price if all 5 win. Not so with Betfair who basically pay out for a 4 and-a-little bit more-timer even if all 5 win!
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Agree with OP, cashback is a major con.I have tried it,it fails every time,rubbish.
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oneyallbeenwaiting4 21 Jan 16 18:42
obviously, bookies earn every time cash out is hit if someone has a £20 acca thats paying £2000 with 1 to go and you cash out for £1000 how do they earn? |
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What Duffy said, because of the delay you are not watching it 100% live and the odds are constantly changing .
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