Please explain Betfair difference.

[FrankArch]

Do Betfair make mistakes or am I being stupid. I suspect the Later.

I would be grateful if someone more experienced could advise on the difference in the attachment between Betfair and Bet Angel Screen shots.

In essence I thought I had greened up with a £30.05 profit in the 15.30 at Doncaster today, but ended up with a £13.45 loss on Betfair. With the matched bet prices on Betfair being different from those on Bet Angel. I am New to trading but have been going for about a year now and have not come across this before. I just know I'm being stupid and would appreciate someone gently telling me how.

Regards
Graham

[Euler]

A horse, Townhill, was withdrawn from the race: -

https://twitter.com/BHAStewards/status/ ... 6425440256

This means that the prices you see on Bet Angel are a false market as Betfair had not withdrawn the horse at that point. When the market was settled, they would have applied reductions factors to all bets at that point resulting in different prices from what you saw at the time of the market and inplay.

[FrankArch]

Thanks very much for explanation. Doesn’t seem particularly fair but at least it explains it. Just to be clear, some of the bets were in play after the horse had been withdrawn. Would this have applied to them as well?

[jimibt]

Thanks very much for explanation. Doesn’t seem particularly fair but at least it explains it. Just to be clear, some of the bets were in play after the horse had been withdrawn. Would this have applied to them as well?

the reduction would have been related to your 2 back bets placed pre race. you can see the odds difference between the betfair reconciliation and the price that you placed them at. this is where the discrepancy occurs...

not a huge help in turning it green, but at least hopefully highlights the issue.

[FrankArch]

Got it! Thanks very much.