accajacca
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negotiating with the enemyi was thinking to myself earlier, whenever i get to a point in a multiple bet with a bookie where i want to lock some in (not that often unfortunately) i go running to betfair, put in some money, and pay them commission (if i was right to lay off) for the privilege.
if one day i come to be laying off a serious amount, i may also not have the funds available to lay off a significant proportion of the bet.
so, the answer must be, i suppose, to call the bookie and see how they feel about not carrying the whole stake forward on to the last leg. but this in itself poses problems.
for example, if 6 horses win their races this week, i'll have just over £7k running onto Kauto at 7/4 on Friday.
so, at that point i could let it ride, shove £14k into betfair and lay him @ 2/1 (hypothetical) to lock in £7k either way, put in a bit less and keep a kauto leaning but take some profit off the table, or call my bookie.
now, i'm sure for a £7k bet, if i was nice to them they could agree a pay out before the last leg. but given that i've taken a poor price, would they negotiate? and further more, if my stakes were 10 times bigger, would they be able to - having formed a book around my £70k bet? i suspect it might be one for the "supervisor".
so, has anyone ever laid a bet back to a bookie, or negotiated out of a big multiple?
don't worry, i don't suppose i'll be needing to worry about it any time soon, but you'd imagine at some time i'll get one of these things up big, and it would be nice to know i've got options...
AJ
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