??
I understand that betting shops will buy back winning bets, presumably at a discount. Its risk management for both parties. They pay-out less and you accept a lesser winning amount.
let's say you had Skins +4 1/2 in that games at a standard -110 bet.
You thought it was a virual lock to cover, and it was, but as we saw, stuff happens.
If you sold it with a minute to go, for example 180, (versus 210) you would have won $70 rather than $100, and the house would have saved $30.
But in accepting the lower pay-out you couldn't lose.
My question was I wonder what was the price at the time to induce bettors to sell what looked like a virtual lock winning bet. What is the price of cetainty.