New Posts For Thread: Question about laying at SPhttps://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-spI lay horses in the place market at betfair SP at a fixed liability, i do this first thing in the morning because i cannot always get on-line during the day. During the day if there are non-runners then my liability is reduced by a certain percentageAdjustments to SP bets for non-runnersFor SP back bets, Betfair will at no point amend either the stake or the odds requested by a customer, despite any non-runners or withdrawals. However in all cases customers can reduce the minimum SP odds they arhttps://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339254#430339254Adjustments to SP bets for non-runnersFor SP back bets, Betfair will at no point amend either the stake or the odds requested by a customer, despite any non-runners or withdrawals. However in all cases customers can reduce the minimum SP odds they arThu, 22 Apr 2010 06:20:45 -0500what i would like to happen is to have my maximum price and liability unaffected by non-runners.https://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339250#430339250what i would like to happen is to have my maximum price and liability unaffected by non-runners.Thu, 22 Apr 2010 06:20:01 -0500if i lay a horse at sp for a liability of £100 and put in maximum odds of 10, and then there is a non-runner and a reduction of 20%, my liability is reduced to £80 and my maximum odds are reduced to 8. this is the way it happens to me anyway :Dhttps://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339246#430339246if i lay a horse at sp for a liability of £100 and put in maximum odds of 10, and then there is a non-runner and a reduction of 20%, my liability is reduced to £80 and my maximum odds are reduced to 8. this is the way it happens to me anyway :DThu, 22 Apr 2010 06:18:22 -0500Thanks Feck, thought for a minute the layer would be offering evens a 1/4 shotB-)https://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339242#430339242Thanks Feck, thought for a minute the layer would be offering evens a 1/4 shotB-)Thu, 22 Apr 2010 06:12:45 -0500In my experience Dan is right and compound is wrong, at withdrawals liability is reduced accordingly.https://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339238#430339238In my experience Dan is right and compound is wrong, at withdrawals liability is reduced accordingly.Thu, 22 Apr 2010 05:24:42 -0500Compound, yes, they also use unmatched bets in the normal market at the off.dunter, in my example the sp layers' liabilities will be reduced in line with the RF so will only be around 25% of their requested liabilities. That would leave 1K wanting thttps://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339234#430339234Compound, yes, they also use unmatched bets in the normal market at the off.dunter, in my example the sp layers' liabilities will be reduced in line with the RF so will only be around 25% of their requested liabilities. That would leave 1K wanting tThu, 22 Apr 2010 05:23:13 -0500Feck in your example surely the layer would be at a big dis-adavantage or am I missing something?https://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339230#430339230Feck in your example surely the layer would be at a big dis-adavantage or am I missing something?Thu, 22 Apr 2010 04:45:38 -0500Feck is this not the case?To determine the final price for SP they not only use the pool that is bet and laid onSP but also "keep amounts" and some matching logic.https://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339226#430339226Feck is this not the case?To determine the final price for SP they not only use the pool that is bet and laid onSP but also "keep amounts" and some matching logic.Thu, 22 Apr 2010 03:28:07 -0500They reduce the layer liability because of the followingSuppose a horse is trading at 2.0 shortly before the off and that there's 1K wanting to back it at SP and 1K wanting to lay it at SP. Those amounts make the projected SP 2.0. Suppose now that thhttps://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339222#430339222They reduce the layer liability because of the followingSuppose a horse is trading at 2.0 shortly before the off and that there's 1K wanting to back it at SP and 1K wanting to lay it at SP. Those amounts make the projected SP 2.0. Suppose now that thThu, 22 Apr 2010 03:16:03 -0500When laying at SP you are laying to a liability.When reductions are made they effect the odds.If I laid a horse to a liability of 100.00 and there was a late withdrawalmy lay is calculated after the race has concluded. I have not laid to a priceto behttps://community.betfair.com/general_betting/go/thread/view/94082/23870006/question-about-laying-at-sp?post_id=430339218#430339218When laying at SP you are laying to a liability.When reductions are made they effect the odds.If I laid a horse to a liability of 100.00 and there was a late withdrawalmy lay is calculated after the race has concluded. I have not laid to a priceto beThu, 22 Apr 2010 02:45:44 -0500