Ante post will i lose all greened up and stake if pulls out

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mindiawl
Posts: 126
Joined: Fri Jan 17, 2014 8:46 pm

Hi ,

I wonder if anybody could help me please.

2 weeks I backed Taghrooda which is an Ante post running in the Oaks in Epsom on the 6th of June.

Backed with £100 @ 10.00 and as predicted it won a race last week so its down to between 3.00 and 4.00 .

I know if I leave it as just a back bet and it pulls out I will lose my £100 because its an Ante post.

My question is if I cash out now by laying £302.51 @ 3.3 greening with a profit of £203.01.

What happens now if it pulls out ????

do I lose my £100 back

and my £302.51 lay?

Or are both my Stakes and my green prof safe?

Hope i explained it correctly.

Thanks
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BJGardner
Posts: 312
Joined: Thu Jan 31, 2013 11:09 am

I think all bets (backs and lays) will stand whether the horse runs or not in ante post markets, so if you green up by laying you get that profit whether or not it runs.
mindiawl
Posts: 126
Joined: Fri Jan 17, 2014 8:46 pm

Do they really? I though all ante post races were none refundable if a horse pulls out now???
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BJGardner
Posts: 312
Joined: Thu Jan 31, 2013 11:09 am

Best check with their help desk but I think the relevant rules are these.
13.2Ante-post

Subject to the points below, in ante-post markets, all bets on an individual horse stand whether the horse runs or not.
For GB and Irish racing: if a horse is balloted out, all bets on that horse will be void.
If a horse listed in an ante-post market dies, Betfair will use the available information to determine the time of the horse's death. Betfair will then, acting reasonably, determine whether the horse was a 'material runner' in the market. Betfair will undertake a similar determination in cases where it is advised through official channels that a runner has been formally scratched from an ante-post race. In determining whether a horse is a material runner, Betfair will consider the general price of the horse immediately before the horse's death (or immediately before being advised it has been scratched), in the Betfair market and in the wider betting market. Broadly, Betfair will consider a horse to be a material runner if it is deemed to have an approximate chance of winning of 8-10 per cent or better.
If Betfair determines that the horse was a 'material runner', then all bets struck in the market (on all selections) between the time of death (or the time that the formal scratching notification was created) and the suspension of the market will be void and all unmatched bets will be cancelled before the market is reopened.
If Betfair determines that the horse was not a 'material runner', then just bets struck on the horse in question between the time of death (or the time that the formal scratching notification was created) and the suspension of the market will be void and unmatched bets will not be cancelled before the market is reopened.
Bets matched on horses after they have forfeited their entry at a particular entry stage or where they have not qualified by the applicable qualifying date will be voided unless the race in question has a subsequent supplementary entry stage.
Please be aware that runners who have not been entered at the various entry stages may be removed from relevant race markets and all matched customer bet prices set to 1.0 even if there are later supplementary stages. Should it appear likely that a specific runner may actually be supplemented into the race this runner will be reinstated with all matched customer bets set back to the original prices.
No 'Betfair Non-Runner Rule' reductions are made to ante-post bets.
All relevant bets will be void where an event is: abandoned and not rescheduled; or postponed and rescheduled to another venue; or postponed and rescheduled to another day at the same venue with entries for the race being reopened or reverting back to a previous entry or declaration stage provided any additional horses are entered or re-entered and such entries or declarations are considered, in Betfair’s absolute discretion, material to the betting on the race. For the avoidance of doubt, where a race is postponed and rescheduled to another day at the same venue, relevant bets will stand where entries/declarations at the time of postponement remain unaltered or include any non-material addition(s) prior to the rescheduled race.
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LeTiss
Posts: 5487
Joined: Fri May 08, 2009 6:04 pm

Nice trade.

Take the green, that's a winner
mindiawl
Posts: 126
Joined: Fri Jan 17, 2014 8:46 pm

Wow that's a long read, will have a read now cheers
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