Is cash out equal value to manually laying?

[Fugazi]

I placed a £1 bet stake, but this then meant by laying lower odds at £1 I break even if the horse loses. Also, not sure if I get charged comission still on the lay bet or if Betfair realises its a trade and doesn't shaft me?

Now, to get around the boredem of £0 if the horse loses, I see I can "cash out" and therefore guarantee a profit. But I'm not sure if Betfair takes some extra juice if I hit cash out and its more profitable long run to just manually lay?


Thanks

[Derek27]

I placed a £1 bet stake, but this then meant by laying lower odds at £1 I break even if the horse loses. Also, not sure if I get charged comission still on the lay bet or if Betfair realises its a trade and doesn't shaft me?

Now, to get around the boredem of £0 if the horse loses, I see I can "cash out" and therefore guarantee a profit. But I'm not sure if Betfair takes some extra juice if I hit cash out and its more profitable long run to just manually lay?


Thanks

Are you using Bet Angel? If so, you'd be better off greening up (same thing) on the ladder or one-click screen.

With cash out on the Betfair site, they attempt to match 50% of the money at best price, 30% at second best and 20% at third best price to increase the chances of it all getting matched, so you could be throwing away some of your profit.

[Fugazi]

Not using bet angel yet, I'm testing out some ideas I have about trends and making sure I fully understand before moving to Bet Angel

I guess though if 100 percent is available at best price it will cash out at best price? Only using £1 stakes current so I assume most of the time it can just take 100 percent best price

[Dallas]

The figure on Betfair takes into account your current net position, and that you might need to be matched over several prices to get it all fully matched

The figure displayed by BA is what you can green up/cash out for at the current price - but there may not be enough there to fully match you so the rest will be left as unmatched

[TupleVision]

Does the auto cashout work the same way as the cashout button or is it placing an order into the market at the best price rather than at intervals?

Why isn't Bet Angel available for Linux by the way, I can't even get it to run on WINE

[ShaunWhite]

Does the auto cashout work the same way as the cashout button or is it placing an order into the market at the best price rather than at intervals?

Why isn't Bet Angel available for Linux by the way, I can't even get it to run on WINE

Best price, intervals would rob you of some of your profit. You could do better still by offering.

I assume Linux isn't natively supported as there's so few people who want it that it wouldn't be economical to do it.

[TupleVision]

Does the auto cashout work the same way as the cashout button or is it placing an order into the market at the best price rather than at intervals?

Why isn't Bet Angel available for Linux by the way, I can't even get it to run on WINE

Best price, intervals would rob you of some of your profit. You could do better still by offering.

I assume Linux isn't natively supported as there's so few people who want it that it wouldn't be economical to do it.

Got it, thanks

[Lynskey888]

Also worth remembering that in some markets with a large number of selections Cash Out will realise a profit by placing multiple bets on many runners rather than just placing the opposite bet on the selection you’ve laid/backed.

[ShaunWhite]

Isn't it also the case that BA will bet the full hedging stake at best and if there isn't enough available the remainder sits there unmatched?

[Lynskey888]

Yeah, and as Dallas said up there ^ somewhere, the green-up figure at the top of the ladder screen shows the amount you can hedge for at the current lay price irrespective of whether the full amount required is available.

Good to be aware of these things, but that click-to-green-up figure is a godsend when you’ve made a complete pig’s ear of your position on the ladder with an errant double click or some such foolishness.