Suppose I laid a market on on exchange (say Betfair), at some odds, and for whatever reason this choice was a mistake. Can I now back the same market at the same exchange (in this case Betfair), if back and lay odds are very close, to cover for my earlier mistake and minimise my losses?
Is this a valid strategy?
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Its an obvious strategy… exchange basics (google that)
On betfair, this is exactly what the cash out option does.
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