General Betting
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Anyone know what this term means, i see it on betting forums and it bugs me not knowing what it refers to?
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It simply means someone who has had a bet.
You take a position by being long or short, in other words by laying or backing. |
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Perfectly defined by maggot.
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I think it's used to differentiate between :
* those who take positions with the intention profiting from a favourable change in market price (position takers) from * whose who are 'given' positions (as market makers) and intend to profit from finding / being 'given' an offsetting position at a better price |
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A position taker is someone who takes a position.
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The replies so far could appear confusing, they do to me, so in simple terms splasher60:
A 'trader' will back to lay or lay to back, hence the term trader, trading out of his 'position'. A 'position taker' will place a bet and leave it to run its course, no trading, hence he's taken a 'position'. |
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i thought it just meant someone who has a standpoint position, back or lay, with an anticipated movement of in-play odds that u except to swing your way with relative ease i.e small risk trader.
for example in tennis, if you have two evenly matched players, and player A is serving, the odds of him wiining the next game are in his and your favour simply because he is serving, so backing him you are positioning yourself to to make a quick back to lay trade i am no expert, but that's what i thought |
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I'd say a position taker is either a punter just having a bet or someone with a bet/liability for longer/crucial periods of time , therebye taking high risk.
A position taker could be soemone having a bet on a football match pre off trading out(wheater red or green) after a goal or maybe at half time or someone betting on golf adjusting positions inbetween rounds. |
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a position taker is someone who has an outright bet, back or lay, because they think the price represents value.
a position assumer is the same person the following wednesday if it wins. |