What happens if a bet is partially matched?
A ‘partially matched’ bet means that you have been able to get some of your stake or liability matched, but another part of it is yet to be matched. For example, you have tried to Back Queensland in State of Origin for $100 at odds of $2.
Can a partially matched bet become fully matched?
In instances when a bet is partially matched, only the matched portion will stand. The unmatched portion can either be cancelled manually in the ‘Your Bets’ section, or will be cancelled automatically the next time the market halts.
How do I fix an unmatched bet?
Fixing an unmatched bet
All you have to do is clicking it to cancel the bet. The next step is quite conventional – you have to fill in a fresh lay price in the calculator for matched betting. Place your lay bets at the currently available odds displayed on the exchange site.
What does an unmatched bet mean 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.
Can I change my bet on Betfair?
No. Once Betfair has confirmed your bet placement, you will not be able to change the terms of that bet or cancel or withdraw from that bet under any circumstances. Acceptance of your bet by Betfair concludes the bet.
What does it mean if a bet is matched?
At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange. More advanced versions involve placing the bets on multiple bookmakers (dutching) to avoid the commission charged for using an exchange.
What does matched mean on smarkets?
Matched betting explained
To implement a matched betting strategy, you simply place a bet with the bookmaker who offered you the free bet and then lay, or bet against, the same outcome on the Smarkets betting exchange – learn how to make a lay bet.
Can you cancel a matched bet on smarkets?
If part of your bet has been matched, only the unmatched portion will be cancelled. To cancel an unmatched or partially matched bet, simply click the ‘X’ to the right of the bet you wish to cancel.
What does a lapsed bet mean?
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.
Whats the difference between a matched and unmatched bet?
A matched bet is when all your lay is taken by the exchange and you are all done with that bet. An unmatched bet means that the price you wanted to bet at has gone and your lay wasn’t taken.
What is smarkets Commission?
Commission is the fee Smarkets charges to facilitate peer-to-peer betting on our exchange. Our Standard rate of commission is 2% on your net winnings for any given market. If you make a net loss on a market, you do not pay commission. … Smarkets do not build a margin into their odds, unlike other bookmakers.
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.