diff --git a/libraries/chain/betting_market_evaluator.cpp b/libraries/chain/betting_market_evaluator.cpp
index 33c21056..94f51c35 100644
--- a/libraries/chain/betting_market_evaluator.cpp
+++ b/libraries/chain/betting_market_evaluator.cpp
@@ -300,10 +300,6 @@ void_result bet_place_evaluator::do_evaluate(const bet_place_operation& op)
 
    FC_ASSERT(op.amount_to_bet.amount > share_type(), "Cannot place a bet with zero amount");
 
-   // do they have enough in their account to place the bet
-   FC_ASSERT( d.get_balance( *fee_paying_account, *_asset ).amount  >= op.amount_to_bet.amount, "insufficient balance",
-              ("balance", d.get_balance(*fee_paying_account, *_asset))("amount_to_bet", op.amount_to_bet.amount)  );
-
    return void_result();
 } FC_CAPTURE_AND_RETHROW( (op) ) }
 
@@ -326,12 +322,18 @@ object_id_type bet_place_evaluator::do_apply(const bet_place_operation& op)
 
    bet_id_type new_bet_id = new_bet.id; // save the bet id here, new_bet may be deleted during place_bet()
 
-   d.adjust_balance(fee_paying_account->id, -op.amount_to_bet);
-
+   // place the bet, this may return guaranteed winnings
    ddump((_betting_market_group->bets_are_delayed())(_current_params->live_betting_delay_time));
    if (!_betting_market_group->bets_are_delayed() || _current_params->live_betting_delay_time <= 0)
       d.place_bet(new_bet);
 
+   // now that their guaranteed winnings have been returned, check whether they have enough in their account to place the bet
+   FC_ASSERT( d.get_balance( *fee_paying_account, *_asset ).amount  >= op.amount_to_bet.amount, "insufficient balance",
+              ("balance", d.get_balance(*fee_paying_account, *_asset))("amount_to_bet", op.amount_to_bet.amount)  );
+
+   // pay for it
+   d.adjust_balance(fee_paying_account->id, -op.amount_to_bet);
+
    return new_bet_id;
 } FC_CAPTURE_AND_RETHROW( (op) ) }
 
diff --git a/tests/betting/betting_tests.cpp b/tests/betting/betting_tests.cpp
index 85d82fda..3815af5f 100644
--- a/tests/betting/betting_tests.cpp
+++ b/tests/betting/betting_tests.cpp
@@ -442,6 +442,34 @@ BOOST_AUTO_TEST_CASE(inexact_odds)
    FC_LOG_AND_RETHROW()
 }
 
+BOOST_AUTO_TEST_CASE(bet_reversal_test)
+{
+   // test whether we can bet our entire balance in one direction, then reverse our bet (while having zero balance)
+   try
+   {
+      generate_blocks(1);
+      ACTORS( (alice)(bob) );
+      CREATE_ICE_HOCKEY_BETTING_MARKET(false, 0);
+
+      transfer(account_id_type(), alice_id, asset(10000000));
+      share_type alice_expected_balance = 10000000;
+      BOOST_REQUIRE_EQUAL(get_balance(alice_id, asset_id_type()), alice_expected_balance.value);
+
+      // back with our entire balance
+      place_bet(alice_id, capitals_win_market.id, bet_type::back, asset(10000000, asset_id_type()), 2 * GRAPHENE_BETTING_ODDS_PRECISION);
+      BOOST_REQUIRE_EQUAL(get_balance(alice_id, asset_id_type()), 0);
+
+      // reverse the bet
+      place_bet(alice_id, capitals_win_market.id, bet_type::lay, asset(20000000, asset_id_type()), 2 * GRAPHENE_BETTING_ODDS_PRECISION);
+      BOOST_REQUIRE_EQUAL(get_balance(alice_id, asset_id_type()), 0);
+
+      // try to re-reverse it, but go too far
+      BOOST_CHECK_THROW( place_bet(alice_id, capitals_win_market.id, bet_type::back, asset(30000000, asset_id_type()), 2 * GRAPHENE_BETTING_ODDS_PRECISION), fc::exception);
+      BOOST_REQUIRE_EQUAL(get_balance(alice_id, asset_id_type()), 0);
+   }
+   FC_LOG_AND_RETHROW()
+}
+
 BOOST_AUTO_TEST_CASE(persistent_objects_test)
 {
    try