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RonIpstone
15 Nov 09 23:37
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Date Joined: 03 Apr 04
| Topic/replies: 16 | Blogger: RonIpstone's blog
In the pop up which gives betting information there is a column headed traded and available.

The available bit I understand (I think) it is the traded bit that puzzles me.

I had assumed that it meant the total money riding on a particular bet at those odds. Eg if there was one bet of £2 at 50, the total traded would be £100, being £2 bet and £98 laid.

But I have seen odds of 110 showing a total traded as low as £30. How can this be when the minimum bet is £2. The minimum traded in that case should be £220.

Anyone explain please?
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Report Fergus November 16, 2009 12:46 AM GMT
I have my doubts that as a betfair customer since 2004 you are genuinely unaware of how the traded amount is calculated but....

The amount displayed as traded at any given price on Betfair is equivalent to twice the amount that has been backed at that price i.e.

If you place £2 on selection A at 1.01 that will equate to £4 being traded at 1.01.
If you place £2 on selection X at 1000 that will equate to £4 being traded at 1000.

If it displays £30 traded at a price of 110 on selection Y, that means that a total of £15 has been backed on selection Y at that price of 110, as at that time.

On the b*td*q exchange, the amount displayed as traded at any given price is calculated as the amount staked at that price multiplied by the price (much as you described above) i.e.

If you place £100 on selection A at 1.01 that will equate to £101 being traded at 1.01.
If you place £6 on selection X at 1000 that will equate to £6000 being traded at 1000.
Report Feck N. Eejit November 16, 2009 8:32 AM GMT
You should have posted that twice fergus.
Report SHAPESHIFTER November 16, 2009 11:25 AM GMT
The other site does it that way to inflate overall volume.

I ask £2 at 100/1
You take £2 at 100/1

it will appear as £4 in volume.
Report SHAPESHIFTER November 16, 2009 11:27 AM GMT
so if you place a bet of £2 and you see that:
£2000 has been matched at those odds
and
£352 is waiting to be matched including your bet.

It means that
£2000
+ £350 times 2
= £2700 has to appear in the VOLUME MATCHED before your bet is the front of the cue*

*bear in mind, if people cancel their bets, yours moves up sooner.
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