No Pay Out On Betfair

News, chat and debate about the Betfair betting exchange.
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

Anyone confirm this for me please.
Backed Leicester tonight Draw No Bet Market
after 8 min Leciester go one up I then trade out on Betangel all green book .

No pay out ? Guys says cannot get a green book on Draw No Bet Market due to liquidity ?
Bet Angel allowed me to do this obviously

is this correct

thanks
DR
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Dallas
Posts: 23484
Joined: Sun Aug 09, 2015 10:57 pm

These are effectively 2 runner markets with all bets being voided if it ends a draw
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

even if you get a green after 10 min ?

Guy at Betfair just said they recognise API's

DR
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

meant to say don't recgonise API

DR
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

So you cannot trade out of Draw no Bet Football Market
and take a red or profit green

You can on Angel
but not on their software

Thats what he's telling me

DR
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Derek27
Posts: 25157
Joined: Wed Aug 30, 2017 11:44 am

I don't trade football but from what I understand, all bets are voided if it's a draw.

This would mean that you win only if either side wins. DRAW NO BET means just that, all your bets are voided if it's a draw.

If you look at your profit/loss on either Bet Angel or Betfair, it will tell you how much you would win if Leicester or the other side win, but there's no figure for a draw. Unlike the win/draw/win market the nature of this market doesn't cover all outcomes.
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

Thanks there's no record of profif or loss on angel or Betfair, its Void gone.
Basically Betfair have written and told me this

If you bet in this market which i did, it doesn't suspend at kick off for duration of the match, it remains open .
I used Bet Angel to secure a green book, it doesnt count . as soon as the book is green , or Red , the bet is Void finished .

They say an API can do all it wants it dont count, I saw all green on Angel , but behind the scene's bet is Void

I have that in writing

DR
Akajak
Posts: 18
Joined: Mon Aug 10, 2009 2:08 am

Betfair are correct; all bets placed (including in-play) are null and void if final result is a draw; you need a different approach in draw no bet markets to take a/c of the voiding
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LeTiss
Posts: 5464
Joined: Fri May 08, 2009 6:04 pm

I never trade Draw no Bet.

I remember years back having a cracking green on this market, and then ending up with nothing after it ended 2-2.

It is what it is, if the match ends in a draw, then all bets regardless of whether you have a red or green are void
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

Yes lesson learnt
It won’t matter after today
It’s going to be a beauty, Good Luck
DR
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Derek27
Posts: 25157
Joined: Wed Aug 30, 2017 11:44 am

I once laid the field in the Ayr Gold Cup and got an easy green book of just over £100.

Little did I know that in handicaps where horses are entered to run but don't get in due to starting stalls limits, bets on those horses are voided. I ended up with a green book of about £1.50, but it could have been worse. I could easily found myself with a big red book.

Always read the rules carefully when looking at a new type of market.
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am

Thanks
All good advice
The Betfair Chase ironically has made all my problems go away. 👍🏻

DR
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