Bet Angel for newbies / Getting started : Large Bets and Price Changs

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CharlieMungerJr.
Posts: 2
Joined: Tue May 15, 2018 3:51 am

Wed May 16, 2018 3:20 pm

Hi All,

I was wondering how large price changes come about. For example, say someone places a large back bet at 2.0 which sends the odds down to 1.8. How does this happen instantly? I thought if all lay money was taken at the odds the back bet was placed, the remainder would remain unmatched.

If anyone could provide information on how this happens it would be greatly appreciated, thanks.

LinusP
Posts: 1394
Joined: Mon Jul 02, 2012 10:45 pm

Wed May 16, 2018 3:42 pm

Because the backer has asked for <= 1.8, if they asked for 2 anything unmatched would be left at 2.

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ShaunWhite
Posts: 3347
Joined: Sat Sep 03, 2016 3:42 am

Wed May 16, 2018 3:49 pm

If people are just betting on the BF site and they have their Bet View slider pushed up high, they'll only be seeing the price that they can get fully filled at.

Derek27
Posts: 2563
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wed May 16, 2018 4:10 pm

LinusP wrote:
Wed May 16, 2018 3:42 pm
Because the backer has asked for <= 1.8, if they asked for 2 anything unmatched would be left at 2.
>=1.8 :)

LinusP
Posts: 1394
Joined: Mon Jul 02, 2012 10:45 pm

Wed May 16, 2018 4:15 pm

Derek27 wrote:
Wed May 16, 2018 4:10 pm
LinusP wrote:
Wed May 16, 2018 3:42 pm
Because the backer has asked for <= 1.8, if they asked for 2 anything unmatched would be left at 2.
>=1.8 :)
Maybe its the wrong way to quantify it but the backer could have asked for 1.01 which is less than 1.8.

Derek27
Posts: 2563
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wed May 16, 2018 4:33 pm

He could have asked for 1.01 but in the example above he would have asked for 1.8 or more, layers ask for a fixed price or less.

LinusP
Posts: 1394
Joined: Mon Jul 02, 2012 10:45 pm

Wed May 16, 2018 6:43 pm

Derek27 wrote:
Wed May 16, 2018 4:33 pm
He could have asked for 1.01 but in the example above he would have asked for 1.8 or more, layers ask for a fixed price or less.
I’m lost now, I assumed the OP was describing a large back bet taking out the book to 1.8 (when 2 was available) and questioning how this can happen, obviously not possible if the backer asked for a price >1.8.

Derek27
Posts: 2563
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wed May 16, 2018 6:49 pm

LinusP wrote:
Wed May 16, 2018 6:43 pm
Derek27 wrote:
Wed May 16, 2018 4:33 pm
He could have asked for 1.01 but in the example above he would have asked for 1.8 or more, layers ask for a fixed price or less.
I’m lost now, I assumed the OP was describing a large back bet taking out the book to 1.8 (when 2 was available) and questioning how this can happen, obviously not possible if the backer asked for a price >1.8.
If you place a back bet at 1.8 you are asking for 1.8 or greater - you cannot possibly be given a price less than what you asked. So the bet swept up the money from 2 (>=1.8) down to 1.8 (also >=1.8), but no lower (not >=1.8), and any remaining money would have sat at 1.8.

LinusP
Posts: 1394
Joined: Mon Jul 02, 2012 10:45 pm

Wed May 16, 2018 6:50 pm

Derek27 wrote:
Wed May 16, 2018 6:49 pm
LinusP wrote:
Wed May 16, 2018 6:43 pm
Derek27 wrote:
Wed May 16, 2018 4:33 pm
He could have asked for 1.01 but in the example above he would have asked for 1.8 or more, layers ask for a fixed price or less.
I’m lost now, I assumed the OP was describing a large back bet taking out the book to 1.8 (when 2 was available) and questioning how this can happen, obviously not possible if the backer asked for a price >1.8.
If you place a back bet at 1.8 you are asking for 1.8 or greater - you cannot possibly be given a price less than what you asked. So the bet swept up the money from 2 (>=1.8) down to 1.8 (also >=1.8), but no lower (not >=1.8), and any remaining money would have sat at 1.8.
Yes but the price the backer put into his order request was <= 1.8.

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Dallas
Posts: 8410
Joined: Sun Aug 09, 2015 10:57 pm

Wed May 16, 2018 7:05 pm

Derek27 wrote:
Wed May 16, 2018 4:10 pm
LinusP wrote:
Wed May 16, 2018 3:42 pm
Because the backer has asked for <= 1.8, if they asked for 2 anything unmatched would be left at 2.
>=1.8 :)
It cant be anything > 1.80 or it wouldn't have taken out the lay money waiting at 1.80
it had to be placed at 1.80 or less (<=1.80)

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