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Hi people,
I'm new to betfair and just wanted a little advice......
Just say I wanted to bet big and Lay Andy Murray to win Wimbledon this year (the current best odds are 10, with only £2 currently available on this), would a 10k lay, at say 10, likely to be matched?
Im just trying to understand how it works.....
what if say only half of this 10k got matched, what happens to the other half? do i then need to adjust these odds to make sure they are the best available?
is the person who matches my bet i(lay at 10) in effect backing andy murray to win wimbledon at 9/1?
cheers
I'm new to betfair and just wanted a little advice......
Just say I wanted to bet big and Lay Andy Murray to win Wimbledon this year (the current best odds are 10, with only £2 currently available on this), would a 10k lay, at say 10, likely to be matched?
Im just trying to understand how it works.....
what if say only half of this 10k got matched, what happens to the other half? do i then need to adjust these odds to make sure they are the best available?
is the person who matches my bet i(lay at 10) in effect backing andy murray to win wimbledon at 9/1?
cheers
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Barnsey, I strongly recommend you check out the help/learning menu in the top left hand corner of the home page. For your own financial safety and future sanity don't play on here until you are CERTAIN you understand the concepts of backing and laying.
Then play very quietly for a while until you are happy with the ebb and flow of trading.
Don't hurry over the Murray (no pun intended) price....plenty of time for that.
Good luck with it.....and one last piece of advice.....find another hobby
Then play very quietly for a while until you are happy with the ebb and flow of trading.
Don't hurry over the Murray (no pun intended) price....plenty of time for that.
Good luck with it.....and one last piece of advice.....find another hobby
most action on such markets happens around and during the tournament.. hence the liquidity is poor at this point in time... only 11k matched but by the time the final is reached it will be in millions...
you have to drip feed the market so put some amount of lays (£2, £10 or so) at prices that you want to lay at (lets say 8.2) and they will slowly get matched .. keep a watch on the market and adjust odds with market movement.. most punters/gamblers will not tie up liquidity for 2-3 months but will bet in hordes around the start... then you can increase your stake..
regarding your question
what if say only half of this 10k got matched, what happens to the other half? do i then need to adjust these odds to make sure they are the best available?
whatever is not matched will be shown as available till the market suspends / closes
is the person who matches my bet i(lay at 10) in effect backing andy murray to win wimbledon at 9/1?
[smiley:crazy]yes [smiley:crazy]
you have to drip feed the market so put some amount of lays (£2, £10 or so) at prices that you want to lay at (lets say 8.2) and they will slowly get matched .. keep a watch on the market and adjust odds with market movement.. most punters/gamblers will not tie up liquidity for 2-3 months but will bet in hordes around the start... then you can increase your stake..
regarding your question
what if say only half of this 10k got matched, what happens to the other half? do i then need to adjust these odds to make sure they are the best available?
whatever is not matched will be shown as available till the market suspends / closes
is the person who matches my bet i(lay at 10) in effect backing andy murray to win wimbledon at 9/1?
[smiley:crazy]yes [smiley:crazy]
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