Matched then changed after non runner

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lockys96
Posts: 9
Joined: Sun Aug 25, 2013 6:22 pm

I had some money matched on a horse at 7.6, then the market was suspended as another horse was declared a non runner.

After this my matched be was amended to 7.09??

How is this possible as surely I have a matched bet already?

This is trading or taking a back price 4 hours before the race, recommendations please
lockys96
Posts: 9
Joined: Sun Aug 25, 2013 6:22 pm

Oh and my lay bet cancelled as well?
lockys96
Posts: 9
Joined: Sun Aug 25, 2013 6:22 pm

Now my matched bet is 6.87?

What's going on
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BJGardner
Posts: 312
Joined: Thu Jan 31, 2013 11:09 am

Its called Reduction Factor

from Betfair help

"Reduction Factor

For our horseracing markets we guard against possible non-runners with a system of Reduction Factors (similar to Rule 4 with traditional bookmakers). Each horse is allocated a Reduction Factor, based on its likely chance of winning the race. Should a horse be declared a non-runner, the Reduction Factor will be applied to the prices of all matched bets, for both backers and layers.

This is to ensure that layers are not unfairly treated and exposed to large liabilities when the chances of other horses winning have improved. The Reduction Factors are designed to be fair to both backers and layers.
"
LinusP
Posts: 1918
Joined: Mon Jul 02, 2012 10:45 pm

When a horse is withdrawn, a reduction factor is applied to all matched bets. This is why your back was reduced, only "keep" bets are kept which is why your lay disappeared.
lockys96
Posts: 9
Joined: Sun Aug 25, 2013 6:22 pm

Better just to trade before off then not so far away
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