No Pay Out On Betfair

News, chat and debate about the Betfair betting exchange.
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

Anyone confirm this for me please.
Backed Leicester tonight Draw No Bet Market
after 8 min Leciester go one up I then trade out on Betangel all green book .

No pay out ? Guys says cannot get a green book on Draw No Bet Market due to liquidity ?
Bet Angel allowed me to do this obviously

is this correct

thanks
DR
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Dallas
Posts: 22674
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

These are effectively 2 runner markets with all bets being voided if it ends a draw
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

even if you get a green after 10 min ?

Guy at Betfair just said they recognise API's

DR
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

meant to say don't recgonise API

DR
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

So you cannot trade out of Draw no Bet Football Market
and take a red or profit green

You can on Angel
but not on their software

Thats what he's telling me

DR
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Derek27
Posts: 23477
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I don't trade football but from what I understand, all bets are voided if it's a draw.

This would mean that you win only if either side wins. DRAW NO BET means just that, all your bets are voided if it's a draw.

If you look at your profit/loss on either Bet Angel or Betfair, it will tell you how much you would win if Leicester or the other side win, but there's no figure for a draw. Unlike the win/draw/win market the nature of this market doesn't cover all outcomes.
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

Thanks there's no record of profif or loss on angel or Betfair, its Void gone.
Basically Betfair have written and told me this

If you bet in this market which i did, it doesn't suspend at kick off for duration of the match, it remains open .
I used Bet Angel to secure a green book, it doesnt count . as soon as the book is green , or Red , the bet is Void finished .

They say an API can do all it wants it dont count, I saw all green on Angel , but behind the scene's bet is Void

I have that in writing

DR
Akajak
Posts: 18
Joined: Mon Aug 10, 2009 2:08 am

Betfair are correct; all bets placed (including in-play) are null and void if final result is a draw; you need a different approach in draw no bet markets to take a/c of the voiding
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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

I never trade Draw no Bet.

I remember years back having a cracking green on this market, and then ending up with nothing after it ended 2-2.

It is what it is, if the match ends in a draw, then all bets regardless of whether you have a red or green are void
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

Yes lesson learnt
It won’t matter after today
It’s going to be a beauty, Good Luck
DR
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Derek27
Posts: 23477
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I once laid the field in the Ayr Gold Cup and got an easy green book of just over £100.

Little did I know that in handicaps where horses are entered to run but don't get in due to starting stalls limits, bets on those horses are voided. I ended up with a green book of about £1.50, but it could have been worse. I could easily found myself with a big red book.

Always read the rules carefully when looking at a new type of market.
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DRED1
Posts: 131
Joined: Thu Mar 19, 2015 11:00 am
Location: London

Thanks
All good advice
The Betfair Chase ironically has made all my problems go away. 👍🏻

DR
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