Experienced ones - help please.
Assume a back a number of horses for 'xx' amount each in running. With the green button ticked above the trade profit calculator on the one click screen if I then go green I trade out. All good so far, but my question is I have been playing with large ish figures (about £200) in practice mode. When I go green I trade out but sometimes a box comes up and says that this would exceed my liability. Now I know that I can change my liability in settings but if I was trading for real I assume I would have to have the amount of liability in my bank. Am I right or would the software realise that I am trading out of a position in profit. Problem is I have been that long in practice mode now I cant really remember.
Liability issues
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Online Trader
- Posts: 211
- Joined: Wed Apr 21, 2010 7:13 am
You would have to have sufficient funds in your account to cover your liability.
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
You may not need to have the amount in your bank if the amount you bet is covered by the profit. For example, you may have bet £200 on a 51.0 horse in running which offers a potential £10,000 profit. When you then decide to lay off.....hopefully at much lower figures then your profit will cover the liability BUT the level you set in Bet Angel may suggest it is above your liability.
I hope that makes sense, I know the figures are an example only but that can happen. I have forgotten to increase my liability if I am on another computer and it shows the liability message. I don't always have the amount in my account but enough in my profit.
PLEASE PLEASE be careful in real mode because if you use too high a back stake in relation to your bank you will find issues if you get the price moving against you. In the latter example you will not have sufficient funds or profit to cover the liability.
HTH
JG
I hope that makes sense, I know the figures are an example only but that can happen. I have forgotten to increase my liability if I am on another computer and it shows the liability message. I don't always have the amount in my account but enough in my profit.
PLEASE PLEASE be careful in real mode because if you use too high a back stake in relation to your bank you will find issues if you get the price moving against you. In the latter example you will not have sufficient funds or profit to cover the liability.
HTH
JG