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Betfair exchange odds decreased, want to cash out.

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  • 14-04-2020 11:15am
    #1
    pauldavis123
    Registered Users Posts: 354 ✭✭


    Hi,

    I put €100 on Hillary Clinton to be the Democratic Nominee 3 months ago at 40/1. The price is now at 22/1.

    Can I get that 18/1 difference now? How do I go about it?

    Badly needed with the way things are.

    Thanks in advance


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    #2
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    pauldavis123 wrote: »
    Hi,
    I put €100 on Hillary Clinton to be the Democratic Nominee 3 months ago at 40/1. The price is now at 22/1.
    Can I get that 18/1 difference now? How do I go about it?
    Badly needed with the way things are.
    Thanks in advance

    Surely (if cash-out isn't an option) the alternative is to lay HC.

    So if she looses you get 100notes back on this. If she wins your liability(exposure) is 2,200. However, considering also that if she wins, you get 4,000 (+1800) - from the early punt.

    She hasn't a chance or any hope of success, unless all other candidates and Trump himself all catch a very bad dose of the WuFlu. Essentially you're risking 100notes for an (way)outside chance of 1800gains (pre-commission), 1,710n (if 5%).


  • Options
    #3
    pauldavis123
    Registered Users Posts: 354 ✭✭pauldavis123


    OK, but if I lay HC now will I have to wait until the decision in July?


  • Options
    #4
    Clippett
    Registered Users Posts: 46 ✭Clippett


    pauldavis123 wrote: »
    OK, but if I lay HC now will I have to wait until the decision in July?

    Lay your 100 back on her and your liability will go to zero on the market meaning 100 back in your account


  • Options
    #5
    pauldavis123
    Registered Users Posts: 354 ✭✭pauldavis123


    Clippett wrote: »
    Lay your 100 back on her and your liability will go to zero on the market meaning 100 back in your account

    OK, sorry to be an idiot but whats happens the €1800 in odds difference, where does that go?


  • Options
    #6
    Clippett
    Registered Users Posts: 46 ✭Clippett


    pauldavis123 wrote: »
    OK, sorry to be an idiot but whats happens the €1800 in odds difference, where does that go?

    It goes nowhere. It sits as a potential win on Hilary Clinton. You will have 1800 green on Hilary and zero liability on everyone else. You will obviously only win the 1800 if she is named the candidate on 17th August


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  • Options
    #7
    3DataModem
    Registered Users Posts: 3,944 ✭✭✭3DataModem


    Came across this thread when looking for some odds on Hilary in 2024.

    Just want to clarify one thing for the OP... the value of the bet is not 1,800 when the odds go from 40/1 to 22/1.... the "value" is 178.26. You basically went from having a 1/40 chance of getting 4,100 to having a 1/23 chance of getting 4,100.


  • Options
    #8
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    3DataModem wrote: »
    Came across this thread when looking for some odds on Hilary in 2024.
    A market for chances of being embalmed by then would be ideal.


    Wildcards for '24 could be Zuckerberg, or if laws were ammended, after the coming liberal forced civil war there, for Musk (Springbok) to have a go at it.


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