Welcome guest, is this your first visit? Create Account now to join.
  • Login:

Welcome to the Australia Sports Betting Forum.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.

Betfair
Results 1 to 3 of 3
  1. #1
    New Member
    Join Date
    Oct 2014
    Posts
    7

    Cashing out early

    I apologise again for all the questions! Have just started using this spreadsheet on a daily basis for recording absolutely everything and it's making such a huge, positive difference.

    One minor issue I encountered today is how to record a bet that is closed / cashed out early. Some bookmakers (e.g. Bet365) offer the occasional opportunity to cash-out on a bet. This means that the payment received will not equal the odds initially offered, or recorded on the spreadsheet. Any ideas for how this may be recorded?

  2. #2
    Moderator
    Join Date
    Aug 2011
    Posts
    989
    Hi Sybawoods,

    You can either update the odds for your bet to reflect the actual payout, or you could enter a lay bet to reflect the fact that you're hedging by cashing out early.

    Let me know if you have further questions.

  3. #3
    New Member
    Join Date
    Oct 2014
    Posts
    7
    This makes sense, thank you!

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •