"Newbie question"

[cyclops1000]

I have a question regarding trading using the ladder
I've had a bit of success trading tennis but have never asked the following question
I reverse the columns and place my initial stake in the right hand column but I see that down the bottom of the left hand column in the price range 1.10 - 1.01 there are some large amounts sitting to be matched
How do they get put there and stay there without being matched straight away ?

[CallumPerry]

Somebody else offered money at those worse prices but then the price drifted because people on the other side were not interested in taking that money at a worse price than they were currently being offered.

You'll always see money below the current price on that side of the book but never above. The opposite is also true. You won't see money above the current price on the other side of the book, the exchange means you'll be offered the best price available whether you're backing/laying. Where these values meet is the, current, agreed price that the market believes is fair.

[Kai]

I see that down the bottom of the left hand column in the price range 1.10 - 1.01 there are some large amounts sitting to be matched
How do they get put there and stay there without being matched straight away ?

That's the beauty of the exchange and kind of the whole point of it really, you can offer whatever price you want on both sides of the ladder whether you want to back or lay. The large amounts on low prices are there because it's cheap to lay at those price ranges, you can put a stake of 100k by laying 1.01 and your liability is only 1k. But gets a lot more expensive to lay at very high prices which is why there's not a lot of money sitting there, the higher the price the less money sits there available in general and vice versa.

[DavidLMorris]

Useful post, thank you!

[DavidLMorris]

Useful post, thank you!