Hi
if I lay at odds of say 15, is it possible to green out if the back odds reach 1000?
Thanks for the help
Green out at 1000
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Yes but it will place a back bet of at least £2 if the odds are at 1000.0 it is not possible to place less than that if the odds have reached 1000.0
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Horses can and do hit 1000 and still win. I would expect the number that do will increase significantly if Cross Matching makes a reappearance.Jimmy wrote:But dont forget if the horse wins theres no greening out at 1000
Cross matching -
When a bet request cannot be matched by an opposing bet on the same selection, cross-matching will attempt to match the bet request with unmatched liquidity on the remaining selections in the market.
Sounds very complicated but if you buy number 6 on the roll of a dice and you can not lay it at the price you want.
Betfair will try to meet your requested price by placing a buy bet on numbers one to five.
When a bet request cannot be matched by an opposing bet on the same selection, cross-matching will attempt to match the bet request with unmatched liquidity on the remaining selections in the market.
Sounds very complicated but if you buy number 6 on the roll of a dice and you can not lay it at the price you want.
Betfair will try to meet your requested price by placing a buy bet on numbers one to five.
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scorpiogeek
- Posts: 8
- Joined: Mon May 10, 2010 11:17 pm
how is this done? - So does this mean If I would try to back a horse at lets say 20 Odds and the bet is unmatched, it will try to fill as close to 20 as possible?chaz wrote:Cross matching -
When a bet request cannot be matched by an opposing bet on the same selection, cross-matching will attempt to match the bet request with unmatched liquidity on the remaining selections in the market.
Sounds very complicated but if you buy number 6 on the roll of a dice and you can not lay it at the price you want.
Betfair will try to meet your requested price by placing a buy bet on numbers one to five.
Let me give you an example from the Australian Open this year.scorpiogeek wrote:
how is this done? - So does this mean If I would try to back a horse at lets say 20 Odds and the bet is unmatched, it will try to fill as close to 20 as possible?
The game was Federer versus Tsonga. Federer was at about 1.16, Tsonga was at 7.0. Suppose you wanted
to lay Tsonga for $1000. At that point however, the bet couldn't be matched, because all the big money was going on Federer. So instead, Betfair put a $6000 back on Federer for you.(You have beeen 'cross-matched'). A back bet of $6000 on Federer is equivalent to lay bet of $1000 on Tsonga at those prices.
Look:
If your lay bet on Tsonga had been matched and Federer wins you would have won $1000 on Tsonga. If Federer loses you would have lost $6000.
This is the same as 'cross matching', instead backing Federer to win for $6000. Federer wins you get $6000*.16666=$1000. Federer loses you lose the $6000. Same as before.