Closing a Trade vs not closing

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
Post Reply
PeteSw62
Posts: 37
Joined: Thu Mar 30, 2023 9:13 pm

Hi
Sorry another very newbie question, but exactly what does closing the trade mean and why would we do it rather than letting the event finish?

Thank you.
User avatar
Dallas
Posts: 23692
Joined: Sun Aug 09, 2015 10:57 pm

Letting a bet run would mean its just a regular straight bet/punt

This might help also
viewtopic.php?f=47&t=11408
PeteSw62
Posts: 37
Joined: Thu Mar 30, 2023 9:13 pm

Dallas wrote:
Fri Mar 31, 2023 11:57 am
Letting a bet run would mean its just a regular straight bet/punt

This might help also
viewtopic.php?f=47&t=11408
Hi
Sorry I'm still a bit confused.
I have a horse that I have backed for 10p @10.5 and layed for 10p @10. Using the ladder screen.

When I go to the one click screen it shows £0.05 under the trade profit column in green. When I hover my mouse over that it says "close trade for this predicted profit". I thought that meant I would get £0.05 profit what ever then happened? But does that mean I have to lay again to guarantee the profit? Will I then have two lay bets to one back bet?

Thank you for your help, I appreciate it is a very fundamental question.
weemac
Posts: 1475
Joined: Mon Sep 16, 2013 8:16 pm

You either need 2 bets, or the one lay bet to be 5p bigger than the back bet to win whatever happens. The close button does it all for you.
PeteSw62
Posts: 37
Joined: Thu Mar 30, 2023 9:13 pm

weemac wrote:
Fri Mar 31, 2023 12:26 pm
You either need 2 bets, or the one lay bet to be 5p bigger than the back bet to win whatever happens. The close button does it all for you.
Ah ok thank you.
User avatar
Dallas
Posts: 23692
Joined: Sun Aug 09, 2015 10:57 pm

PeteSw62 wrote:
Fri Mar 31, 2023 12:21 pm
Dallas wrote:
Fri Mar 31, 2023 11:57 am
Letting a bet run would mean its just a regular straight bet/punt

This might help also
viewtopic.php?f=47&t=11408
Hi
Sorry I'm still a bit confused.
I have a horse that I have backed for 10p @10.5 and layed for 10p @10. Using the ladder screen.

When I go to the one click screen it shows £0.05 under the trade profit column in green. When I hover my mouse over that it says "close trade for this predicted profit". I thought that meant I would get £0.05 profit what ever then happened? But does that mean I have to lay again to guarantee the profit? Will I then have two lay bets to one back bet?

Thank you for your help, I appreciate it is a very fundamental question.
>I have a horse that I have backed for 10p @10.5 and layed for 10p @10. Using the ladder screen.
At which point you've now closed the trade

If the green box is ticked above the trade profit column that means greening is enabled and the amounts its showing in the trade profit columns is the predicted Profit (or loss) you will have if you were to green up now (by clicking one of the figures)
https://www.betangel.com/user-guide/one ... ng_up.html
PeteSw62
Posts: 37
Joined: Thu Mar 30, 2023 9:13 pm

Dallas wrote:
Fri Mar 31, 2023 12:43 pm
PeteSw62 wrote:
Fri Mar 31, 2023 12:21 pm
Dallas wrote:
Fri Mar 31, 2023 11:57 am
Letting a bet run would mean its just a regular straight bet/punt

This might help also
viewtopic.php?f=47&t=11408
Hi
Sorry I'm still a bit confused.
I have a horse that I have backed for 10p @10.5 and layed for 10p @10. Using the ladder screen.

When I go to the one click screen it shows £0.05 under the trade profit column in green. When I hover my mouse over that it says "close trade for this predicted profit". I thought that meant I would get £0.05 profit what ever then happened? But does that mean I have to lay again to guarantee the profit? Will I then have two lay bets to one back bet?

Thank you for your help, I appreciate it is a very fundamental question.
>I have a horse that I have backed for 10p @10.5 and layed for 10p @10. Using the ladder screen.
At which point you've now closed the trade

If the green box is ticked above the trade profit column that means greening is enabled and the amounts its showing in the trade profit columns is the predicted Profit (or loss) you will have if you were to green up now (by clicking one of the figures)
https://www.betangel.com/user-guide/one ... ng_up.html
Thank you
Post Reply

Return to “Bet Angel for newbies / Getting started”