Cash out options

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Ron said:
Would I be right in thinking that if you have the first 3 winners in a 4 horse accumulator, any cash out offer would be less than the amount you have going onto the 4th leg. If so what % of the amount going onto the 4th leg would be offered. Presumably the shorter the price of the 4th leg selection, the bigger % the cash out option would be?
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Time for you to refocus Ron

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King Shergar said:
Yeah ofcourse it will be less than what you actually have running on.

I don't know how they work out what percentage they take out. It probably varys depending on the situation, and probably depending on the customer.

These bookies will know that a customer who's bets started with £1 who has 50k running onto a final selection is far more likely to cash out for a lesser amount, than say a known big player who regularly has big bets, who may also have 50k running onto a last selection.

A computer probably automatically calculates the cash out value for the small offers, but when it's a huge amount I reckon they would have traders making these decisions.
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Hm. Sounds like the most they will offer is 90% of what you have running on. In that case I think the idea of putting 90% of the stake on the treble (returning at least as much as the likely cash out option if the full stake went on the 4 timer) and leaving the 10% on the 4 timer sounds a good compromise to me (if ever I think of doing a 4 timer again).

Thanks all for the help
 
Cyclonic said:
Would the bookies also offload some of the potential debt Shergy?
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Thats what is know as hedging. It would obviously depend on the bookmaker but I'd imagine most of the big bookies don't hedge. Some smaller company's may well do though.

When I used to manage a shop for a small independent firm, I used to do some hedging. I'd usually take an opinion if it was a horse, so it made the job a lot more interesting.
 
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