Betting exchange Safety Net

Betting exchange Safety Net - It's hard work making a profit in betting, so we don't want to see you blow it all by betting more than you meant to. Next lesson in betting education is a way to protect your bank from a careless error.

It's easy to bet 100 rather than 10 make sure to watch what you are doing, use the Confirm Bets option and look at your potential profit/loss via the What If function, but that doesn't help much in the heat of the battle, does it?

Imagine you've worked really hard to get your balance up from £50 to £500 and you're conscious of the fact you could blow it all in one go by rushing and hitting that extra zero by mistake. How can you go about protecting yourself and leaving only £50 to play with on your chosen market?

- You could withdraw it, but then means you have to deposit again if you want to trade on any further markets, should those bets lose.

- You could put money into your Australian wallet, but there's a bit of red tape you have to go through if you haven't already verified your account to trade on Aus markets.
- You could put money into your Games wallet.

But there is another way you can do it without needing to move your money away from the exchange. What happens when you place a bet on Betting exchanges that isn't matched? Those funds can't be used while that bet is still unmatched. You are still in control of the bet (you can change the price requested or cancel the bet), but those funds are effectively 'parked'.

So think of a bet which won't ever be matched, or certainly not for a long, long time. How about the next World Cup? It's quite a few years away. Look at the favourite, Brazil. Ask for a price to back they will never be matched at - 1000. The only way they could possibly be matched at that price is if everything goes wrong in their qualifying campaign. Highly unlikely, but there's always that remote chance. You want the bet to come back unmatched so you can always go back and cancel it when you need those funds again.

 Tags: betting, exchange, net, safety

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