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

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

Wed May 16, 2018 7:15 pm

Sorry, I see the confusion now between the price asked for and money taken. :)

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

Wed May 16, 2018 7:18 pm

Derek27 wrote:
Wed May 16, 2018 7:15 pm
Dallas wrote:
Wed May 16, 2018 7:05 pm
Derek27 wrote:
Wed May 16, 2018 4:10 pm

>=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)
What can't be anything > 1.80 ?

The backer asked for 1.8, but that actually means 1.8 or greater. Obviously if money's at 2 it will sweep it up before getting down to 1.8.
If it was placed at 1.81 it would only sweep down to 1.81

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

Wed May 16, 2018 7:25 pm

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

Thu May 17, 2018 9:04 am

Thank you for all the responses but I'm still a little bit confused. I'm thinking along the lines of the "mad bomber" etc. where one large bet seems to drastically affect the price and it spikes in one particular direction but this seems to happen almost instantly, rather than as a reaction to the initial large bet. I'm asking because as previous responses have said, once all the money is taken at a particular price, the remainder of the bet will sit at that price unmatched so I don't understand how one bet can cause such a big impact unless it is causing a chain-reaction.

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

Thu May 17, 2018 12:23 pm

Like people have said the big bet isn't put in at the current touch price it's put in far enough away for the entire stake to be matched.

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