Reduction factor! Please NEED HELP !!!!

The sport of kings.
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Dim
Posts: 129
Joined: Tue Feb 20, 2018 2:12 pm

Hi,

I'm new to horse racing [ trading ]. Mainly trade football O/U.
So it is quite confusing, when I see 'reduction factor' in horse racing applied on some runners..

Let's say this is the situation:

I open a trade and back a horse at odds of 6, for 100 £
And then put my closing 100 £ lay position in the market at odds of 4.

But the market never gets to odds of 4, because of the reduction factor.

So what happens to my original position, does it turn into a bet at odds of 6 ?
And, or, what I must do, when I have an open position, when this scenario happens???

Could someone explain this to me. PLEASE!!!

Thank you!
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Yes someone can, Betfair can :)
https://www.betfair.com/aboutUs/Rules.and.Regulations/#

Start at section 14.6 Betfair Non-Runner Rule. You'll soon see why I didn't want to type a quick explaination.
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gutuami
Posts: 1858
Joined: Wed Apr 15, 2009 4:06 pm

basically your matched bet at 6 for example will get reduced to RF of the runner that has been withdrawn.
Dim
Posts: 129
Joined: Tue Feb 20, 2018 2:12 pm

Thank you for replies !!!
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