forum.sports-pro.co.uk

accajacca · Group Performer Joined: 18 Dec 2007 Posts: 2354

i 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

BRETT · Posted: Thu Mar 12, 2009 2:19 am Post subject:

In theory it sounds plausible but i cant see any bookie doing it especially if it is one of the "big" ones.maybe an independant would come to an agreement but still unlikely cos they would probably be on betfair doing the same as what you would want to do

_________________
sticks & stones may break my bones but whips & chains excite me

alansouthcoast · Site Admin Joined: 28 Mar 2006 Posts: 13722

Dont ask me who, but I remember reading a big bookie who paid out on part of a bet, rather than take the risk. I think the last leg was a very short price though and almost nailed on.
_________________
If at first you dont succeed..then skydiving isnt for you

Machiavellian · Group Performer Joined: 17 Mar 2008 Posts: 4660

I have heard of the like. Is it looking a possibility AJ?
_________________
This is like a flashback,
This is like a dream

accajacca · Group Performer Joined: 18 Dec 2007 Posts: 2354