Large Bets and Price Changs
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
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- CharlieMungerJr.
- Posts: 2
- Joined: Tue May 15, 2018 3:51 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.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
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.