Liability per market

[steven1976]

I just had a big loss,relative to my bank and would like to know if BF offer a liability per market option?

[spreadbetting]

Unlucky.

Betfair's player protection are basically just lip service, I know they have a loss limit you can set per day/week but dunno if that's geared more towards the poker side of things rather than the exchange. There's nothing there for a limit per market so alot depends on how you play as to the way forward.

Every account has a liability limit that you can't exceed, think it's usually set around £5,000 by default but Betfair will happily raise or even lower that for you from a phone call. Obviously that is an overall limit so if you play lots of markets or have open bets on long term markets it might not be sufficient but worth considering as you can raise/lower it from a p/c. Otherwise you need to get organised and start using thing like the poker wallet to transfer funds away from the main account to limit yourself when on individual markets or just withdraw and deposit when you need a set limit.

[steven1976]

Thanks spreadbetting for the answer. It was nothing silly but felt it would be a good feature for bf to have. I guess its not in their best interest to have it when people are running on emotions and going in deeper.

I see the 5k liability but no easy way to edit that?

[spreadbetting]

You need to contact them email/phone to get it changed. I've more than one account and never had a problem getting it amended by calling them. You can always get it raised at a later date if it's not needed or too restrictive.