What is withdrawal reprice option?

Back Bets

When a horse is withdrawn from a race, BETDAQ may apply a reduction factor to all matched bets and offers the option for you to re-price any offers you have by the same factor.  

For example: If a runner is withdrawn at odds of 2.00, this would typically lead to a reduction factor in the region of 50%. If you were looking to back a runner in the race at 5.0, you now have three choices on what you would like the exchange to do with your offer:

Leave your offer to back at 5.0
or
Re-price it by the same factor so that you would now be willing to back it at 2.5
or
Cancel your offer.

To set your Withdrawal Reprice Option for back bets, go to My Preferences or Betslip Options.

Lay Bets

When a horse is withdrawn from a race, BETDAQ may apply a reduction factor to all matched bets and offers the option for you to re-price any offers you have by the same factor.  

For example: If a runner is withdrawn at odds of 2.00, this would typically lead to a reduction factor in the region of 50%. If you were looking to back a runner in the race at 5.0, you now have three choices on what you would like the exchange to do with your offer:

Re-price it by the same factor so that you would now be willing to lay it at 2.5
or
Cancel your offer
or
Choose to leave your offer as it was.

To set your Withdrawal Reprice Option for lay bets, go to My Preferences or Betslip Options.