Betfair Back/Lay values
It's the basic questions that you feel like answering straight away.
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ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
It's just buying and selling ken. The penny will drop.
I've got apples for sale at £1.60. If you'll pay £1.70 max then you'll get my apples at £1.60. If you'll only pay £1.50 then your order will sit there waiting for someone with apples they'll sell at £1.50 and my £1.60 apples will remain unsold. Offers and acceptance.
I've got apples for sale at £1.60. If you'll pay £1.70 max then you'll get my apples at £1.60. If you'll only pay £1.50 then your order will sit there waiting for someone with apples they'll sell at £1.50 and my £1.60 apples will remain unsold. Offers and acceptance.
Here's an idea 
: If you're still struggling to understand how the market works, find a very quiet market with a massive gap between back and lay prices, such as a USA race hours before off time or one of tomorrow's UK races early evening the night before. Submit £2 back and lay bets at safe prices that are unlikely to be matched.
You'll see them appear in the market and others may place their £2 in front of yours. You can then move your bets around by changing the price and see how it appears in the market.
: If you're still struggling to understand how the market works, find a very quiet market with a massive gap between back and lay prices, such as a USA race hours before off time or one of tomorrow's UK races early evening the night before. Submit £2 back and lay bets at safe prices that are unlikely to be matched.You'll see them appear in the market and others may place their £2 in front of yours. You can then move your bets around by changing the price and see how it appears in the market.