Dtrains Posted October 24, 2008 Posted October 24, 2008 hi, new to the furom was wondering i have placed 2 antepost bets on betfair for the racing post trophy (sri putra & marching time) at much higher odds than they are now. when i go into the antepost market now though it says market suspended even though the race isnt till tommorow so when does an ante post stop bein ante post if you follow:$ Also what is you advice on trading off ante post bets in affect giving yourself a free bet however decreasing winnings if horse wins? Quote
fintron Posted October 24, 2008 Posted October 24, 2008 Re: Antepost :welcome The market usually stops being ante-post on the night before the day of the race I think (someone please correct me if wrong). If Betfair have suspended the ante-post market now and started a new market then ante-post rules no longer apply for bets placed hereon in (i.e. the non-runner no bet comes into play now). As for laying your bets off, its down to you really! Its something the pro's on here do regularly. I Suppose it depends how big the difference is between the odds you have backed and what the selections are now trading at in order for you to lay off. In terms of a percentage, how big is it? Also, it depends on how much you have staked already. If you have staked quite a bit then it may be worth laying off to recoup your stake. True, as you say, the winnings in the event of it winning are less, but at least you haven't lost a hefty amount is it loses. If on the other hand you have only staked a couple of quid, are you bothered about losing that? I sometimes lay off my bets from time to time when they have been heavily backed but I only ever bet to small stakes anyway and it doesn't really matter to me if I let them run and they lose. I also sometimes do double bets and if the first selection wins and I stand to win a nice amount on the second runner, I lay off the second runner to recoup my stake. I've backed a couple for the national at long odds but only staked £2 so I'm not gonna bother laying those off though. I know there are people on here that have staked much larger amounts like £50 and £100 ante-post on stuff and in that case they will probably look to lay off nearer to the race because if they stand to win say £4000 from backing a 40/1 shot at £100, they don't mind losing say 500 quid out of future winnings if it gets backed into 5/1 and they lay it off to try cover their original stake. Hope that helps. Quote
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