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mitchell downie
19 Nov 09 11:36
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Date Joined: 14 Jul 09
| Topic/replies: 4,933 | Blogger: mitchell downie's blog
how Betfair SP on horse racing works? Thanks.
Pause Switch to Standard View Does anyone fully understand
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Report Sica Dan November 19, 2009 11:41 AM GMT
It would be easier to answer the Schleswig-Holstein question.
Report mitchell downie November 19, 2009 11:43 AM GMT
Sica Dan, now there's an old betfair name, think you're correct mate, I even seem to have th horse racing guys stumped.
Report Hoss November 19, 2009 11:47 AM GMT
What's the problem MD?
Report mitchell downie November 19, 2009 11:49 AM GMT
This is my specific query, given that Betfair help desk has assured me that it is extremely unlikely that a bet at BF SP won't be matched, I have submitted to them the following question. Doesn't hurt to ask around.



Let's say I put a lay at SP for a liability of £1000 20 seconds before the off with no price restriction, just a lay that I want to be taken.

Now if I glance at the chart, I notice for example that there is £1000 in at 1.01 to back at SP, and £10,000 liability in at 1000.

If the price just before the off is for example 1.50/1.51 on the horse I want to lay, and there is more money in wanting to back the horse at 1.51 than there is in at 1.50 wanting to lay the horse when the race starts, how do I get my lay fully matched at Betfair SP, if for example the Betfair SP is 1.48.

There was more money to back the horse on the chart at 1.01 than there was liabilities at 1000, and the last price on the main market before the off was 1.50/1.51 so the backers on the normal market are not prepared to accept BF SP of 1.48.

So how does my lay SP bet get matched given the above circumstances. Just can't get my head round this one.

Many thanks
Report spyker November 19, 2009 11:49 AM GMT
Have you asked betfair?
Report Ken Masters November 19, 2009 11:52 AM GMT
What the fk would they know? No, ask on chit-chat, the authoritative authorororority.
Report mitchell downie November 19, 2009 11:52 AM GMT
Why not you muppet?
Report Capt__F November 19, 2009 11:53 AM GMT
struggling with fake t1ts
Report mitchell downie November 19, 2009 11:53 AM GMT
They're not all as thick as p i g s h i t .
Report Capt__F November 19, 2009 11:54 AM GMT
dunno canny
Report mitchell downie November 19, 2009 11:55 AM GMT
ok thanks for reading anyway Capt.
Report mitchell downie November 19, 2009 11:56 AM GMT
This is the reply from BF. Given my question above it doesn;t fit. Hoping I'm missing something as I have a cunning plan, and need my lay bets at sp taking.

Thank you for your e-mail.

Whilst we cannot guarantee that SP bets will always be matched it is highly unlikely that an SP bet will be unmatched.

Unmatched SP bets would only happen if the price is 1.01 or 1000 at the off (the two extremes of our SP). If 1.01 were the final SP, then some backers might be unmatched. If 1000 were the final SP, then some layers will be unmatched. However, we expect this to be very rare.

I have included for you below a link to our website detailing the workings of Betfair SP:

http://promo.betfair.com/betfairsp/FAQs_theBasics.html
Report Hoss November 19, 2009 12:25 PM GMT
If the backers have money up at 1.5, and your offering 1.48 but have clicked the s.p button does that not mean that your lay would go to 1.5.?
Report mitchell downie November 19, 2009 12:35 PM GMT
Thanks Hoss, that sounds a simple answer but probably makes sense. :-) I'll post the BF answer when I get it.
Report Big Charlie November 19, 2009 12:54 PM GMT
Pardonnez Moi if I'm missing something, but why can't you just click Betfair SP on the screen and lay before the off.
Report mitchell downie November 19, 2009 1:03 PM GMT
BC, the question followed the comment below, however I think Hoss may have come up with the answer.

mitchell downie 19 Nov 12:49



Let's say I put a lay at SP for a liability of £1000 20 seconds before the off with no price restriction
Report Big Charlie November 19, 2009 1:10 PM GMT
I'm still confused. :(

If you WANT to lay BF SP, why not just click on the Betfair SP button when you put the lay in ?
Report mitchell downie November 19, 2009 1:24 PM GMT
Please read my 12-49 and 12-56 Charlie. I'm well aware how to lay at SP, however it's will my lay be matched that I'm querying.
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