Which is back money and which is lay money in traded volume column?
I have recently begun looking at pre off horse racing on the ladder interface and I've watched countless of Peter's videos but I am still struggling to understand in the traded volume column which is back money and which is lay money? Can someone help please?
- jamesedwards
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I don't know exactly which screen you are referring to, but generally you need back money to match lay money for a trade to happen, so it always will need to be both.
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I would have thought that half is back money and half is lay money.salty55 wrote: ↑Mon Nov 06, 2023 4:52 pmI have recently begun looking at pre off horse racing on the ladder interface and I've watched countless of Peter's videos but I am still struggling to understand in the traded volume column which is back money and which is lay money? Can someone help please?
- jamesedwards
- Posts: 2472
- Joined: Wed Nov 21, 2018 6:16 pm
The Betfair traded volume is matched back value + matched laid value.Archery1969 wrote: ↑Mon Nov 06, 2023 10:02 pmI would have thought that half is back money and half is lay money.salty55 wrote: ↑Mon Nov 06, 2023 4:52 pmI have recently begun looking at pre off horse racing on the ladder interface and I've watched countless of Peter's videos but I am still struggling to understand in the traded volume column which is back money and which is lay money? Can someone help please?
So if you match a back bet of £10 @ 5.0 then total traded volume would be £20.