DOES EVERY HEDGED PROFIT AND LOSS GO STRAIGHT TO MY BETFAIR ACCOUNT?

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lucast2007us
Posts: 3
Joined: Sat Apr 22, 2023 8:43 am

Hi all, probably a stupid question but currently as I am running the ladder on horseraces in practice mode I wanted to check before going live.

I have got into profit a few times with the same horse.
after the first few minutes think it was £5, so I hedged up. Did another trade and it went to £5.50 so hedged again. did one last before race started and it was showing hedge value of £3.95 That was my final time to press the hedged up button.

My question is every time I press "hedge the profit" does that go to my account straight away or is it just the £3.95 that I get? (that shows when the race goes in play)

Sorry for rambling just wanted to check again like I say before I go live :D

https://prnt.sc/ZOLHJVFRrELr

https://prnt.sc/BIT-kPrjuAAe
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ShaunWhite
Posts: 10631
Joined: Sat Sep 03, 2016 3:42 am

The amount is credited when the market closes, it's an unrealised PL until then. If you look at your Betfair bet history you'll see that all your "trades" are just regular back and lay bets that all run and win or lose so they're not settled until the result is known.

If in doubt stick a real 2 quid in and see what happens.
lucast2007us
Posts: 3
Joined: Sat Apr 22, 2023 8:43 am

Thanks Shaun that clears it up, cheers :D
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