What does partially matched mean on Smarkets?

If there is not sufficient liquidity in the market, or you have decided to place your bet at odds different to the current price, your bet may remain either unmatched or partially matched. In instances when a bet is partially matched, only the matched portion will stand.

What does partially matched bet mean?

Defining a partially matched bet

A partially matched bet is a bit different but has the elements of an unmatched bet. In this, as you can fairly guess, a portion of your lay bet is accepted on the exchange platform, and the rest is not validated.

What happens if a bet is not matched on Smarkets?

When using the feature, if a bet isn't instantly fully matched then it will be automatically cancelled. This ensures users never encounter situations where they are stuck with a partially matched bet that they do not want.

What does matched mean on Smarkets?

Matched betting is a betting strategy that allows you to benefit from bookmakers' free bet bonuses, offers and incentives by using Smarkets's betting exchange to make a low-risk profit.

Do you lose your stake on Smarkets?

On Smarkets under the default settings, you enter a 'back stake' and are presented with a return and your liability. Your 'back stake' is the amount you stand to win if your bet is successful, so £20, while the 'liability' is the amount you stand to lose if your bet is unsuccessful, so £70.01.

Matched Betting: Partially Matched Bets Explained (Includes Examples)

Can you be Gubbed from Smarkets?

Gubbings are placed on sports betting accounts. This means that you'll normally still be able to take part in casino games and bingo offers with that same bookmaker. Betting exchanges, like Betfair and Smarkets, rarely gub – although it's worth keeping an eye on your Betfair Sportsbook account.

Why can't I withdraw all my money from Smarkets?

If you are unable to make a withdrawal it could be related to one of the following issues: Your balance is below the minimum withdrawal requirement. You have deposited using another payment method and your current balance can only be withdrawn to that method.

What is the difference between a matched and unmatched bet?

Matched bets can't be cancelled or edited. An unmatched bet occurs when your bet has been entered into the market correctly but hasn't been paired up with an opposing bet.

Can you cash out a lay bet on Smarkets?

Trade out function on Smarkets

If you want to calculate a trade out quickly, Smarkets now has a Trade out button, which allows users to lock in a profit or cut losses per contract both pre-game and in-play at the click of a button.

What is the blue and the green in Smarkets?

Select an event

When you know what selection you would like to trade, you can then choose to back (green) or lay (blue) the outcome.

How do I fix a partially matched bet on Smarkets?

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 you deal with partially matched bets?

Can I cancel an unmatched 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.

Do you win on a partial parlay?

A parlay is a way of linking bets together, so they are treated as one big bet. You must win every smaller bet to win the parlay bet—if you lose just one of the smaller bets, then the entire parlay is lost.

Can a matched bet become unmatched?

When submitting a bet offer, bets can be returned as unmatched, partially matched or matched in full. The below example shows a bet that has been matched - it cannot be changed or cancelled.

What happens if you trade out on Smarkets?

Exposure and payout

Once you have traded out, any profit made on the contract will be paid when the market is settled, while any reduction in exposure will be credited back to your account immediately.

What do you win if your lay bet wins?

Your return for a win is effectively your stake (minus commission). A lot of people prefer to lay at odds-on as your liability is then reduced. For example, if you lay a bet at 1.50 for £10 you are liable for £5 and will win £10 if the bet wins.

Why was my bet cancelled on Smarkets?

Unmatched bets are cancelled when the market is halted.

What happens if you win a lay bet?

When you lay a bet, you are betting on something to not happen. If the selection loses then you win the backer's stake. However, if it wins then you pay the winnings. This is known as the liability, i.e. how much you will potentially have to pay out.

Why is my lay bet not matched?

Why do I have an unmatched bet? The reason for an unmatched or partially matched bet is that there is not enough liquidity at certain odds, when you are trying to place your lay bet. You should always check in the Oddsmatcher whether there is enough liquidity for the lay bet you are looking to place.

What happens if both horses fall in a match bet?

Match Bets

Bets are settled on the official result. If both horses finish in the same position, dead heat rules will apply. If one horse in a match fails to complete, or takes the wrong course, the other will be considered to have won the match.

What happens to your bet if a match is abandoned?

If you make a single bet and the game is abandoned, as long as the market has not been settled, then your wager will be marked as void and you will receive your stake back.

How long does it take for Smarkets to pay out?

Processing time

Instant Bank withdrawals are processed within 12 hours. For the best deposit experience, we would recommend using a mobile device.

Is Smarkets trustworthy?

There is no doubt that Smarkets is not a scam. The company is licensed by the UKGC and Malta Gaming Authority, has processed over £5 billion in bets, and has been backed by a consortium of well-known European investors, including Deutsch Telekom, Passion Capital and last.fm chairman Stefan Glaenzer.