When a horse refuses to go in the stalls and is withdrawn, but is left in the betting market how do you calculate your position?
I have also noticed that when the market goes in running, there continues to be money traded on the same horse, even though it has been left at the start?
I am left scratching my head with no idea where I am?
any advice would be appreciated.
Chris
Trading when a horse has been withdrawn -
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
There is no hard and fast rule...or answer 
It will depend on the price of the horse and the associated reduction factor. Unfortunately there is another force at work....the BBC
Everyone is thinking what on earth is he talking about, this race isn't on the BBC??
BBC = Betfair Bean Counter
You won't know the true reduction until Betfair adjust the figures. This is something that annoys the hell out of me
but there is very little you can do. If the horse was playing up for a long time prior to being withdrawn then it is likely to have drifted and the reduction factor will definitely change
The money traded after the horse is withdrawn will simply be refunded but you'd be amazed how many people are trading "blind" with no TV pictures
It will depend on the price of the horse and the associated reduction factor. Unfortunately there is another force at work....the BBC
Everyone is thinking what on earth is he talking about, this race isn't on the BBC??
BBC = Betfair Bean Counter
You won't know the true reduction until Betfair adjust the figures. This is something that annoys the hell out of me
but there is very little you can do. If the horse was playing up for a long time prior to being withdrawn then it is likely to have drifted and the reduction factor will definitely change The money traded after the horse is withdrawn will simply be refunded but you'd be amazed how many people are trading "blind" with no TV pictures
Ahem - OK, I'll confess to messing up on this. A couple of weeks ago, I (along with a few thousand others) spotted a horse playing up outside the stalls.
I immediately laid him, thinking the price would go out - as it did. The horse didn't even make the start, and I let the lay go in running, thinking, there's no way this baby can win!
As everyone here apart from me knows, the horse was classed as a non-runner, and all bets voided. For a brief few minutes though, I sat there thinking I'd earned myself a risk-free few quid. It was a nice feeling whilst it lasted.
So it's not just the BBC, never underestimate the thickness of punters!
Cheers,
Russ...
I immediately laid him, thinking the price would go out - as it did. The horse didn't even make the start, and I let the lay go in running, thinking, there's no way this baby can win!
As everyone here apart from me knows, the horse was classed as a non-runner, and all bets voided. For a brief few minutes though, I sat there thinking I'd earned myself a risk-free few quid. It was a nice feeling whilst it lasted.
So it's not just the BBC, never underestimate the thickness of punters!
Cheers,
Russ...
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Point2Point
- Posts: 81
- Joined: Fri Apr 24, 2009 6:59 am
If the horse is still in the market then surely it wouldn't make that much difference would it. Your back and lay bet will be adjusted by the RF?