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Cash out
Cash out
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Gaze - how do you get paid? If your horse is a NR both your lay at 2.0 and your back at 3.0 get voided.
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If the 5th leg is on the jolly, more than likely that was
a strong fancy in the Acca anyway.Why cash out? Also if cashed out before the N/R why moan? Doesn't that cash out money go in the account straight away? |
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longbridge it's been a while since I did a swing trade but IIRC when you cash out, you get the money immediately, including the profit from the trade
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Lets throw another spanner into the works. Suppose it was an ante post acca NOT NRNB. You cash out with one to go and it gets withdrawn at the start. Happy days for the punter and unfortunate for the bookie.............
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Gaze - Not how it works on the Exch in my experience - you get your stake back immediately as the Cash Out pair of bets has zero exposure but you only get your 'winnings' when the bet settles.
All Cash Out does is automate laying your backs or backing your lays (etc) so it's no different from placing the bets yourself - bets on NRs are still voided. |
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KNOCK, KNOCK.
Bookie: Who's there? EDDIE-D Bookie: EDDIE-D who? EDDIE-D-EEGIT Bookie: What do you want? I want excellent terms on your cashout offers. Terms that are punter friendly and give ME a 1-up instead of U. Bookie: HAHAHAHAHAHAHAAAAAAAAAAAAAAAAAAAA Now I understand your handle. Ciao Mr EEGIT |
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Gaze733, I very much doubt it. I think all such transactions on the Exchange would be declared void.
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Let's be clear all. I am not asking for special treatment for either the punter or the bookie. I am just advocating what is fair. In the case of a non runner all cash outs on that selection should be declared void. Who can say in advance who is to profit from that and how is it not a fair rule? It complies with the principle that one cannot gain an advantage from a non runner Surely you all know that if an event is void all stakes are returned even ante post bets which were otherwise lost.
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Imo a cash out is the sum available at that time, offered by the bookmaker, for the punter to accept or reject. It doesn't matter what happens after that, if the cash out is taken. The horse being a non runner or the football match getting abandoned, it makes no difference, if the money is taken. Its unlucky for you but if you were happy enough to take the money, imo there is no point crying afterwards that you feel hard done by.
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I have never cashed out a bet but if my last leg was 5/1 and the bookie offered me a £600 cash out and the evens fav becomes a non runner should the bookie be able to take some money back?I would hope not.
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In essence they are buying your bet, if you sell them it, you can't really ask for it back because circumstances have changed.
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"or the football match getting abandoned, it makes no difference" BUT it does make a difference. If I place an ante post bet on say the Eider Chase and my selection does not pass the forfeit stage so that we know in advance that it is a non runner yet the meeting becomes abandoned because of frost, how many people KNOW that my stake has to be refunded. So it is untrue to say that what happens AT THE TIME is conclusive.
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In cash out it's 100% relevant, you are accepting a cash offer for your bet at that time.what has ante post rules got to do with anything ?
10 team accer on the footie, 9 up, you accepting the offer, with the last game still a draw. The opposing team gets 2 players sent off, is that cash out still fair. Is second agains example fair. Imo you have absolutely no argument here to get paid the extra. |
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I have never cashed out a bet but if my last leg was 5/1 and the bookie offered me a £600 cash out and the evens fav becomes a non runner should the bookie be able to take some money back?I would hope not.
That is a fair point which is why I chose to offer a simpler example. To answer your point I think in theory he would seek to take something back as a kinda retrospective rule 4 but in practice would decline to do so for the purposes of goodwill. However for all the times when a favourite is withdrawn there would be multiple times when it was other than the favourite. |
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You should listen to The Dealer Eddie,exactly as he says,the bookie is buying your bet.Pre-Cash Out you would have got what the bet was worth at the fourth horse,had your last run and got beaten you would have got nothing.Before the process was called cash out,mainly accounts held with indy's would probably have been offered to settle on the four winners,the High Street may have done depending on the liability but on your example probably not.
It is a concession not a right. |
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"what has ante post rules got to do with anything?"
Well, it is an illustration that what appears to be final may not be so. If a horse is withdrawn after an ante post bet has been placed on it, most of the blinkered people on here would be saying too bad - that is a loser and being UNAWARE that you are entitled to a refund. So it is not necessarily true that cash out is final if the horse does not race. |
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Does blinkered people, just mean people who don't agree with you,
Regarding ante post rules, I think your assumption that people don't know them, is very wide of the mark. Only my opinion of course. |
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Once a cash out has been taken the bet's over,finished,regardless
if the last leg wins,loses or is a N/R. |
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Ante Post is final if a horse is not declared at the final decs,the only exception being an abandoned meeting and even then if the meeting is re-arranged still a loser.As for cash out,as soon as accepted it is final.
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The only way you get A/Post stakes refunded on a rnr is if it's balloted out.
Or meeting abandoned. |
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At the risk of after timing,I cashed out 3 bets yesterday after the first 3 at Ponty won,ew accas 4,5 ,6 & 7 fold.Each cash out being final as soon as pressing the confirm button,the 4th horse was second but even if it had won I would still have had the accas running having done 2 of each acca for the simple reason of cash out potential and keeping below payout limits.
The cash outs paid 151/1 (7fold),187/1 (5 fold) and 37/1 4 fold,left the 6 folds and the ew yankee,the yankee was offered at approx 349/1. |
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Imo a cash out is the sum available at that time, offered by the bookmaker, for the punter to accept or reject. It doesn't matter what happens after that, if the cash out is taken. The horse being a non runner or the football match getting abandoned, it makes no difference, if the money is taken. Its unlucky for you but if you were happy enough to take the money, imo there is no point crying afterwards that you feel hard done by.
Thank Feck for that Tom, thats what I have been saying / Trying to say from day 1. What part is hard to understand from " Whatever happens after your cash out is totally meaningless and irrelavant. !!! You have taken what you assume to be the best deal for you AT THAT TIME. Thats me out now , fed up. |
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* Irrelevant.
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"If the last leg wins,loses or is a N/R." Tell me whose rule specifies a N/R.
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"If the last leg wins,loses or is a N/R." Tell me whose rule specifies a N/R.
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Is that a Glasgow dartboard?
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"and even then if the meeting is re-arranged still a loser" I think individual punters have to be given an option as to whether or not AP bets should stand.
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Why not suggest that bookies put on bets for punters who have lost ante post Eddie?
Makes as much sense as anything you have said so far..........registered charity numbers mandatory!!   |
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This is my last word. If cash out is void for a non runner on the Exchange it has to be the same as between punter and bookie.
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This is my last word. If cash out becomes void on the Exchange (which it does) it should be the same as between punter and bookie.
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