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15 Nov 16
11:21
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Date Joined:
30 Jul 05
Fairly new on here and just trying to understand how it all works. I'm looking at the odds for the 2nd Test between India and England. England are trading about 4.2 at the moment, but if I look at the whole 'Traded and Available' I see that there are large amounts of money all the way down to England at 1.01 - for example £51,000 to back England at 1.01 and £26,000 to back England at 1.02. Who are likely to be the people doing this and why do they bother since presumably there is no chance of them getting matched? Just curious. Thanks to anybody who answers.
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After you've placed a bet,you have the option (by clicking on keep)of letting that bet stay live when the market turns in-play at the start of the match.
Some people put those prices in just in case someone makes a mistake and presses the wrong button! Mean but cuning!
Some people have so much money they can make a small turn on it should the prices fall to that level. Like in the old days Lloyds of London!
Some people might back it in a hope of a quick flip when the game looks like being done as some winners might want to take their money early to get on another bet.
In other words I am not sure either!
Some people have so much money they can make a small turn on it should the prices fall to that level. Like in the old days Lloyds of London!
Some people might back it in a hope of a quick flip when the game looks like being done as some winners might want to take their money early to get on another bet.
In other words I am not sure either!
Never done it myself, but there is money to be made laying markets at very short odds. There is someone on here called 1.01_layer who presumably does it a lot.
I think it is because if you lay at 1.01, a one tick move to 1.02 is a 100% profit, etc.
The first thing you will see in any reasonably liquid market is money coming in laying at 1.01, irrespective of the sport.
I think it is because if you lay at 1.01, a one tick move to 1.02 is a 100% profit, etc.
The first thing you will see in any reasonably liquid market is money coming in laying at 1.01, irrespective of the sport.
Yup 1.01 Squatters, its a good place to be at the front of the queue for when a selection hits 1.01 for the 1st time in a cricket market it often bounces back out & if it doesn't then you can likely scratch.
If it hits 1.02 or 1.03 the chances of hitting 1.01 also are extremely good, and so being in the front of that que is a distinct advantage and will show larger percentage profit.
yes i agree with the above,most cricket matches will hit 1.01 and 1.02 to drift out to 1.03 or 1.04 at least and that is 100% profit on your return.
the main reason for placing it pre match is that your money gets matched first as its first come first matched. for example lay £100000 at 1.01 and back at 1.02 is a 1000 profit if your ok with loosing a grand that is,but it works in the long run.
the main reason for placing it pre match is that your money gets matched first as its first come first matched. for example lay £100000 at 1.01 and back at 1.02 is a 1000 profit if your ok with loosing a grand that is,but it works in the long run.
Thanks for all the replies. I kind of get it now.
Fair point Charlie - I did join 11 years ago - but I haven't been on here in ages - suppose I should have said 'recently returned'.
Fair point Charlie - I did join 11 years ago - but I haven't been on here in ages - suppose I should have said 'recently returned'.
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