General Betting
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Hi all, fairly newbie question but hopefully not a daft one.
I am curious as to what is actually happening behind the scenes when you see the figures in the back best price suddenly jump up? Seeing as I thought this is just money that has been lay'ed - and you can't actually lay at the best price (I think!) at that particular point - how does this extra "back" money suddenly find its way into the pot?
I am curious as to what is actually happening behind the scenes when you see the figures in the back best price suddenly jump up? Seeing as I thought this is just money that has been lay'ed - and you can't actually lay at the best price (I think!) at that particular point - how does this extra "back" money suddenly find its way into the pot?
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You can back or lay at whatever price you want. Whether it's matched or not is an entirely different matter.
(anything not matched becomes available on the Exchange grid)
Ah ok, so this is layers adding to the pot in the hope it gets matched. Makes sense and was a bit of daft question! Thanks for response.
Hi bantex. One thing I have found helpful over the years is that if I see the back/lay odds changing significantly and quickly, don't rush in! There may be news that you are not aware of that is causing the odds to change. Take a little while to check out why and allow the market to settle where you feel it should be. Also, folks sometimes massively overreact to news that is not particularly significant, a snippet here, a tweet there etc.
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