Bet Editing Guide
The technology has advanced so much in recent times that live odds and feeds are so reliable that the top betting sites are now offering the opportunity to punters to edit their bets before they have settled. This means that if you change your mind, you can use the edit function and swap, add lines or even remove selections from accumulator bets.
This is a feature that if used well could, similarly to the cash-out, reduce risks and increase winnings over time. You are at the complete control of your bets and this is great however always consider that those features do have a cost as effectively you are paying double margins to betting sites. We will explore this more in this guide.
Betting Site Recommended For Bet Editing Features
Ladbrokes – Top Trusted Bookie
Even though Ladbrokes Edit My Bet is only for multiples, it remains an excellent feature that you can use to add or remove the selection from your acca bet.
So if you have for example an accumulator with Ladbrokes you can, before the games end, remove selections. This option is available for doubles up to 14-fold’s accas.
Ladbrokes Edit My Acca will effectively cancel your first bet, and it will replace it with a second wager that has less selection. For your first bet, it will use the cash out value. The Edit My Acca feature is available on any football accas that also have the cash out feature available. If you want to have more details feel free to visit Ladbrokes website by clicking on the button below. Ladbrokes Full Review.
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How Can You Change A Bet After It Has Been Placed
The opportunity to edit and change a bet after it has been placed and confirmed it is not available in the majority of betting sites. Only some best betting sites are allowing you to change a bet after it has been made as they want to give more control to punters. Like most things in life though it doesn’t come without extra costs.
Having said that, if you are adding a bet on your accumulator before the game has started then you will not have to pay extra costs: your stake will not be penalised so effectively it will not change anything as far as value is concerned.
If you are editing a bet that is live then there are things you need to consider as betting sites margin will be higher then a standard accumulator bet.
How To Mitigate Risks With Bet Editing Functionality
When you decide to use Edit My Bet functionality, you are effectively deleting the first bet, receive the cashout amount, and subsequently place a new bet.
Betting sites always build up margins in every bet they offer, and this is a way for them to ensure profits in the long run. Since by using this functionality you are placing two bets you end up paying a double margin: the first margin will be paid when you place the first bet and the second when you are using the edit button.
Betting sites are providing tools like bet editing and cash out to give punters more control but they have risks to mitigate their side and they do that by building additional margins.
So using those tools is great but you always need to remember the downsides: they should be used only when you are convinced that your bet will lose unless it will be amended.
Although we like those tools we also strongly suggest to use them sporadically: this is because every time you are editing your bet (or getting a cash out) you are effectively paying another commission which means that in the long run, you are likely to lose if you keep making changes.
If you want to know more about how betting sites margins work, take a look at our dedicated guide.
Edit My Bet Uses Cash Out Values
Since Edit My Bet is a variance of Cash Out, the cash out odds are used when live bet editing a bet. Depending on how the wager is going, the value that you will get can be more or less than your original amount.
Effectively bet editing is like cashing out and then immediately create a new bet with the amount you got. Surely you can also do this manually with betting sites that are offering cash out functionality, but odds move very fast in-play that we do advice strongly to use this feature on betting sites that are able to offer it.
If you want to know more information on how cash out and partial cash out are working make sure you read our dedicated guide.
Edit My Functionality Winnings Are Paid In Cash
Since Edit My Bet functionality is simply changing a bet into another one, the potential wins will be paid in cash. Similarly to regular bets there shouldn’t be any cap on what you can win apart from the standard payout maximum for that market.
Pay Attention To Use Bet Editing With Promotions
Since Edit A Bet is a different form of cash out, you need to be careful when used in conjunction with betting offers as the end result could be that it will invalidate the offer and you will not receive the bonus. Similarly to cash out it is likely that it will not count towards wagering requirements.
If you are taking advantage of any betting site offers, it is worth that you double check first what are the terms and conditions and then decide if it is worth using Edit My Bet functionality. We usually suggest you don’t use it if you are using already other offers.
Adding & Swapping Selections
Bet Edit is not just deleting those selections that you believe will lose, but it will also allow you to add or swap selections in your acca.
So if you believe that your current bet is going to win, you can add a selection to it to improve the final odds. Similarly, if you think a selection should be replaced, then you can also do that. Below are three different scenarios where it is possible to use the bet edit function:
1st Scenario: You have made an acca double bet on two teams that are playing on a Saturday afternoon. At halftime, both teams are winning comfortably. You can, therefore, start considering adding another selection so to make the payout bigger.
2nd Scenario: You have a 4-fold accumulator that is live and in play. You have 3 of the teams that are winning but also have one team that is still 0-0. You think it is not going to change. There is another game where Man City are also drawing 2-2, but you feel they have more chances of scoring before the end. In this case, you could swap the selection, and if you are right, you will turn your bet from a loser to a winner.
3rd Scenario: You have placed a bet on Chelsea to win, and they are leading 1-0 with just 10 minutes to go. Everything looks fine, but the goalkeeper suddenly gets injured, and the replacement makes you nervous. Arsenal are also winning 1-0 but you are more comfortable there, and odds are similar. You can then swap your bet from Chelsea to Arsenal and increase the confidence that your bet will be a winning one.