Here the definitions of the individual terms: A matched bet is when all your lay is taken by the exchange and you are all done with that bet. … A partially matched bet is when only some of your lay was taken before the lay price changed, leaving part of it matched and part of it unmatched.
What do you do with an unmatched bet?
If your bet us unmatched, you have four options:
- Change your odds to meet the market.
- Keep the bet and see if the odds get matched before the event starts or in-play – Find out more on In-Play Betting.
- On selected markets, choose to take the Betfair SP when the market turns in-play – Find out more on the Betfair SP.
What happens if the bet is not matched?
If nobody matches your bet before the market closes or is turned In-Play, then your bet will ‘lapse’ and you will get your money back. IMPORTANT: Your bet could be matched a split-second after the unmatched bet slip has been shown as above.
How do matched bets work?
Matched betting works by cancelling out the risk on the ‘back’ bet at the online bookies by betting against yourself at the same odds (know as ‘laying’ a bet) which you can do at a betting exchange. In other words, you are ‘matching’ your bet.
Can you cancel a matched bet?
Bets need to be matched in order to stand. Once a bet has been matched, it cannot be cancelled.
How do I see my matched bets on Betfair?
Swipe the player cards to the left, to view current matched and unmatched bets; In the menu of the app under ‘Account’ –> ‘Active Bets’.
How do I fix partially matched bets?
This is how you fix a partially matched bet:
- Cancel the unmatched part of the bet (as mentioned above).
- Open up our Fixabet Calculator. …
- Enter the back stake and back odds first. …
- Enter the lay bets that you have already had matched(the part lays).
What does lapsed mean Betfair?
What is a Lapsed bet? Unmatched bets that have been cancelled by Betfair, for example, at the start of an event, when the event is turned in-play.
What happens if a bet is unmatched on smarkets?
The Smarkets ‘keep bets in-play’ feature allows users to leave their unmatched bets live once the market goes in-play – giving them more opportunity to be matched at the price they’ve requested. Normally unmatched bets are automatically cancelled when the market is halted just before going in-play.
What does trade out on smarkets mean?
Trading out is the process of placing a bet on the opposite outcome to a bet you have already placed. It can be used to: Lock in a profit. Reduce your exposure. Cancel out a previously matched bet on the same market.
What does available mean on profit accumulator?
On our Oddsmatching Tool, the liquidity available at the betting exchange of the bet you are considering to do is shown in the column named ‘Available’. … This offer is frequently available to Profit Accumulator Platinum and Diamond Members and really helps boost your profits with Matched Betting.)