Laying a horse

[dogtown123]

hello everyone,

im very intrested in getting bet angel, and i have a few questions, so if you could please take some time too read this, and please get back too me

im looking at getting bet angel for my p.c

but im not looking too trade, just LAY horses (in depth)

and i have watched all the videos on youtube, and i have come across the bet angel ladder

and i have seen that what the bet angel ladder does, is view the odds in a much deeper scale, so you can see how much money is on what odds and were

here is a link of what i mean


http://www.youtube.com/watch?v=sM5L2Qnw ... re=related


if you pause the video at 2.29, you can see tht the current odds are being matched at 1.89


but there is money at 1.87, 1.86, 1.85, 1.84, 1.83 ect......


if i wanted to do just a lay bet, could i simply come along and skip the que and place a lay bet at say 1.83, or would i have to place a lay at were the odds are at the current moment ?

thanks

[Jimmy]

Hi You could put your lay at 1.01 if you wanted.

[dogtown123]

and if there was already a back at tht price, it would get matched ?

thanks for the reply

thnks

[rubysglory]

I might have misread this topic, but I assume you are aware that bets get matched at the highest price available as determined by the market ? If you are offerring lay @ 1.83 and everyone else lay @ 1.88 etc you will not get matched. Inversely, if you were win betting on event A and offer acceptance to price 1.83, you will be matched with best available Win bet of 1.88,

rg

[dogtown123]

ok

well what i had in mind was this

lets just say the favourite is 2/1 before the race has start and using the bet angel ladder you can see that bets are getting matched at 2/1

but there is money waiting at 2.1, 2.2, 2.3, 2.4, 2.5, 2.6 , 2.7 ect.....

and the race starts, hes in front for 75% of the race, then then starts too slow down, and evryone starts too over take him

of course you cant lay him at the current price, coz no one will be backing him, coz hes not first and has slown down

but there is still money at 2.1, 2.2, 2.3 , 2.4 ect....

so why not just use the bet angel and lay him at this price ?

any ideas, and will it work ?

thanks

[rubysglory]

Dogtown.

Not sure if a revist of the mechanical layout of the market may be in order.

Firstly, 2.00 and 2/1 are not the same thing. When you talk of 2/1, I will assume you mean 2.00.

What you see on the Lay Side of the market is money made available by the Backer. This is unmatched money that Backers have put up waiting for you, the Layer, to accept as a fair price. As the horse slows down, the request to Back will fall and hence the Odds will increase.

Assuming our understanding of the market mechanics is in Order, in theory, if you are able to Lay a slowing horse at 2.2, 2.2 etc, great, as the odds will blow to 33.00, 50.00, 100.00 etc. A traders dream.

rg