Swinpunt2

' The cashout amount is what you need to lay (or back) at the current best available prices to win (or lose) the same amount regardless of the outcome. If you accept it you're placing a second bet in the opposite direction so that you win or lose the same amount. You take the offer and your interest in proceedings is over as the result is academic ' Oh I see. Betfair takes the Cashout Amount out of my betting capital and uses it to make the bet. I thought that somehow the Cashout Amount is taken from the stakes that I already had on other bets. As you rightly say, I was overthinking it and getting into a big mess. Thank you harry_rag

Is there anywhere that explains the actual line by line arithmetical details of how Betfair arrives at its Liability and the Cash Out figure and the Profit figure ? I laid the Draw on Man City v West Ham and the Cash Out announcement appeared frequently. Is the total stake money reduced in value by the Cash Out figure being successful ?….so that the Stakes are eventually reduced to zero by the Cash Outs being successful ? Would be grateful for comments about the effect of a successful cash-out on the stake money. Thank you.

Thank you Torque and harry_rag. It would be useful to find out if the Cash Out amount is deducted from the Back bet or the Lay bet. How much of each is left to run.

Is there anywhere that explains the actual line by line arithmetical details of how Betfair arrives at its Liability and the Cash Out figure and the Profit figure ? I laid the Draw on Man City v West Ham this afternoon and the Cash Out announcement appeared frequently. Is the total stake money reduced in value by the Cash Out figure being successful ?….so that the Stakes are eventually reduced to zero by the Cash Outs being successful ? It showed this: Liability: £4.30 Cash Out £5.15 Profit: £0.85 I didn’t know whether I should accept the Cash Outs as the game progressed because I don’t know how a successful Cash Out affects the Stake Money. Would be grateful for comment. Thank you.

Thank you, I've got it now. Your comment is much appreciated. Regards Frank

Is it that Betfair will only hold the odds if the odds asked for are bigger then the odds on the screen ?

Thank you Bang on. That is not happens. I have just tried back Valencia to win at 1/1 even money. ( I know it's an outsider but those are the odds I want ). I put in 2 and then the stake, clicked confirm and then 'place bet' and it immediately matched at 8.6. I wanted it to stay at 2 all the way through the match just in case the odds fell that far.

BETFAIR Why can’t I ask for the odds that I want and wait until such time as they are matched ? Betfair always matches my bet at the odds shown on screen and this is the opposite of what I want. I know it says ‘keep in-play’ but that is not what I want. I have clicked on ‘Bet Persistance’ but that does not seem to have any effect. Smarkets provide the facility of the Punter being able to ask for adds and then wait until they are matched, but not Betfair. Is there any way to do it on Betfair ? I want to key in odds that are different from the screen and then wait until they are matched ( or otherwise ). Grateful for advice. Thank you. Happy New Year

Further to my query ( Do all Horse Race winners finish at back odds of 1.01 ? I'm thinking that if I keep trading by backing at evens or 2/1 then I might as well lay at 1.01 if the winning horse always finishes at those odds ? ) when a comment about laying is this ' The odds were traded through ' does that mean that the odds were not accepted ? That the Money chose the odds above and the odds below but not the actual odds for which one asked ? Grateful for some comment. Thank you.

Hello Do all Horse Race winners finish at back odds of 1.01 ? I'm thinking that if I keep trading by backing at evens or 2/1 then I might as well lay at 1.01 if the winning horse always finishes at those odds ? Thank you.

The Exchange is Smarkets and the commentary is William Hills radio.

I hope that this is not a daft question. Why is the betting halted on the Exchange before the race has finished ? When the betting is halted I don't know whether to rescue a Lay Bet or leave it to run. I've had a couple of narrow squeaks which I could have prevented if I could have put on a Back Bet. I couldn't do that because the betting had been halted on the Exchange and I had to listen to the continuing commentary without being able to act. Why do they halt the betting before the race has finished ? Would be grateful for comments. Thank you.