Profited from non runner

Did a £20 back/lay at odds of 5/4.8(BF as I had funds there).Would have been a 1p profit if the horse won (which it did).Was trying to lose dosh from bookie to BF,sods law the horse won!
Anyway,one horse failed to start but,8 runners still raced.When I checked my accounts the bookie (Betfred) only paid me £92 instead of £100 and BF put my lay odds at 4.28 instead of 4.80 so only took £69.04 off me instead of £79.99.
So £3 up in the end instead of 1p,Result!!

+0

biscuit1966
2

September 29, 2016 at 8:11 pm

New to matched betting?

My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

Learn Matched Betting

pbetts 5 September 29, 2016 at 9:03 pm

Good lad biscuit. Enjoy the extra dosh ??

+0

Blue 3 September 29, 2016 at 9:07 pm

Yeah, buy some biscuits. Maybe some Jammy Dodgers?

+0

biscuit1966 2 September 29, 2016 at 9:17 pm

Ha ha cheers will do! Was a bit confused about the adjusted odds as 8 runners still went? Oh well can’t complain lol

+0

Pickle 64 October 1, 2016 at 11:29 am

Look up rule 4 Biscuit all will become clear.

+0

biscuit1966 2 October 1, 2016 at 3:40 pm

I don’t care Pickle when I profit from it lol

+0

Pickle 64 October 1, 2016 at 10:13 pm

I wasnt bothered if you care or not ;). Just trying to help you out. Itll explain what happens when a horse is withdrawn and may help you down the line for example if your doing bet365 4/1 offer. If you back a horse @ 4/1 and theres a rule 4 deduction you wont get the risk free bet and you could lose a few quid in the process.

+0
Get regular offer updates, tip and tricks, big offer alerts and more straight to your inbox.

Δ

Email*
Dave_Jones 12 October 2, 2016 at 9:57 am

Thanks for posting that Pickle, I don’t think I knew (or perhaps had forgotten) about how rule 4 can effect the B365 4/1 offer.

+0

Pickle 64 October 2, 2016 at 10:07 am

No probs Dave. Ive been known to back horses before @ 5.0/5.4 if i think theyre gonna win. That has a qualifying loss of £24.49. Only takes one horse not to start to give you a hefty loss if you dont notice it. Mind you another tip is dont try and put a £200 bet and lay on whilst waiting for your wife outside a supermarket like i did last night and managing to somehow now get your lay on :(.

+0

biscuit1966 2 October 2, 2016 at 10:23 am

Thanks Pickle,Wasn’t being funny.I know a bit about rule 4 having gained from it in this case and having lost out from it in the past!
I was just surprised as 8 runners still went off but,the horse that failed to start obviously triggered rule 4.I never do the bet365 4/1 offer.In this case I was just doing a straight back/lay with no profit or loss to try to change funds from bookie to exchange lol

+0

Pickle 64 October 2, 2016 at 11:35 am

No probs. Rule 4 applies regardless of how many runners there are. Its solely based on the price of the horse at the time its withdrawn. Any horse thats 14/1 or less at that time will have it applied. It is actually profitable if your horse wins and there is a horse withdrawn thats more than 14/1 as the exchanges still make a small deduction to your lay price.

+0

Dave_Jones 12 October 2, 2016 at 1:54 pm

Hi biscuit, I’m wondering if you were thinking of the place payment rules for each way betting, that changes if the number or runners falls below 8.

+0

matchedem
Blocked
10 October 3, 2016 at 5:49 pm

One other thing to mention boyos is that if the rule 4 deduction is only 5p a lot of bookies don’t deduct…ill call out william hill / skybet / 365 as good ones in this case and betfred not surprisingly bad

Had one saturday where a horse was reduced from 10/1 to 9/1 on hills at 9:48, and subsequently withdrawn at 9:48. Meaning a 10% rule 4 rather than a 5% waived one on all bets. Its things like that that make me enjoy matched betting more and thats a FACT WRAP!

+0