Using the ‘Odds Display’ the book can be shown in several ways, the two main ways to display the odds are ‘Normal’ and ‘Reverse’.
When trading on the ladder screen you can ask for or take a price using either odds display, apart from a change in column colours the only other minor difference is where you actually click the mouse cursor to place a bet. Looking at the image below of the same selection (reversed and normal) money waiting to lay a selection is always shown on the left and money waiting to back on the right.
Left = Lay money waiting
Right = Back money waiting
On both ladders a £100 back bet has been asked for above the current price at odds of 2.28
A back bet is always placed in the blue column corresponding to the odds required (the image shows which box was clicked to place this bet) if I wanted to back at the best current price for an instant match the blue box at odds of 2.10 would have been clicked as shown in the image - or any blue box below this.
The same applies when laying, lay bets are always placed in the pink column next to the corresponding odds required, below the current odds if you want to ask for a better price otherwise at or above the current odds if you want to take the current best price.
Difference Between Normal and Reverse Odds Display
On the One-Click screen things are slightly different you only have the option to ask for a price or take the current best price depending on which of the ‘odds display’ you have selected.
Using the reverse odds display lets you ask for a price, by clicking on any of the blue boxes this will offer a back bet to the market on this selection at those odds while clicking on any of the pink boxes offers a lay bet to the market at the odds shown – your bet will be placed behind the current money shown at those odds.
So if I wanted to back France at 2.12 I would click on the blue 2.12 box and my stake would be queued behind the £29460 already waiting to back France at those odds.
If I wanted to offer a lay on Portugal at 4.4 clicking in this pink box would add my lay bet to the £3260 already waiting to lay Portugal at those odds.
Using the normal odds display lets you take the best current price of a selection, clicking on any of the pink boxes places a lay bet at these odds - but remember Betfair will always match you at the best available odds, so if laying France clicking on either 2.16, 2.14 or 2.12 will see your bet being matched at 2.12 - as these are the current best odds.
This is the same when backing, if you were wanting to back the draw clicking on 3.1, 3.15 or 3.20 will get you instantly matched at the current best price of 3.2
If trading on a fast moving in-play or illiquid market its often better to back or lay a few ticks above or below the current price to increase to chances of an instant match should the odds start to move that way or if there is not enough money waiting at the current odds to fill all of your order you may have to click on the 2nd or 3rd best price to ensure an instant match.
Normal Odds = Take best price instantly.
Reverse Odds = Offer price to market and wait for it to be matched.
Using the reverse odds display lets you ask for a price, by clicking on any of the blue boxes this will offer a back bet to the market on this selection at those odds while clicking on any of the pink boxes offers a lay bet to the market at the odds shown – your bet will be placed behind the current money shown at those odds.
So if I wanted to back France at 2.12 I would click on the blue 2.12 box and my stake would be queued behind the £29460 already waiting to back France at those odds.
If I wanted to offer a lay on Portugal at 4.4 clicking in this pink box would add my lay bet to the £3260 already waiting to lay Portugal at those odds.
Using the normal odds display lets you take the best current price of a selection, clicking on any of the pink boxes places a lay bet at these odds - but remember Betfair will always match you at the best available odds, so if laying France clicking on either 2.16, 2.14 or 2.12 will see your bet being matched at 2.12 - as these are the current best odds.
This is the same when backing, if you were wanting to back the draw clicking on 3.1, 3.15 or 3.20 will get you instantly matched at the current best price of 3.2
If trading on a fast moving in-play or illiquid market its often better to back or lay a few ticks above or below the current price to increase to chances of an instant match should the odds start to move that way or if there is not enough money waiting at the current odds to fill all of your order you may have to click on the 2nd or 3rd best price to ensure an instant match.
Normal Odds = Take best price instantly.
Reverse Odds = Offer price to market and wait for it to be matched.
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The remaining two display options are Back or Lay, these simply turn ALL bets placed into either back or lay bets (whichever is chosen).
So with the odds display set to ‘Back’ on the ladder screen ALL columns will be blue and no matter which side you click, left column or right column a back bet is placed, if its above the current price then it will be queued as a unmatched bet at those odds, below the current price it will be matched against the current best odds immediately.
When using the odds display set to ‘Lay’ the ladder columns become pink and all bets placed are lay bets.
On the one-click screen it’s also the same, all bets placed will now be either Back or Lay bets depending on which odds display is selected. In the top image below no matter which price is clicked on a back bet is placed at those odds and is immediately matched if below the current trading price or queued if above the current price an in the bottom image all bets placed will be Lay bets.
This is quiet handy if you only intend backing or laying as it makes use of all the current columns without the need off adding custom ones, of course with global settings enabled offsetting and stop losses etc still work the same way as does the trade profit column.
So with the odds display set to ‘Back’ on the ladder screen ALL columns will be blue and no matter which side you click, left column or right column a back bet is placed, if its above the current price then it will be queued as a unmatched bet at those odds, below the current price it will be matched against the current best odds immediately.
When using the odds display set to ‘Lay’ the ladder columns become pink and all bets placed are lay bets.
On the one-click screen it’s also the same, all bets placed will now be either Back or Lay bets depending on which odds display is selected. In the top image below no matter which price is clicked on a back bet is placed at those odds and is immediately matched if below the current trading price or queued if above the current price an in the bottom image all bets placed will be Lay bets.
This is quiet handy if you only intend backing or laying as it makes use of all the current columns without the need off adding custom ones, of course with global settings enabled offsetting and stop losses etc still work the same way as does the trade profit column.
You do not have the required permissions to view the files attached to this post.