MattP wrote: ↑Wed Apr 28, 2021 9:50 pm
Archery1969 wrote: ↑Wed Apr 28, 2021 9:03 pm
Checkout the money at 2.94
If someone is putting £400 lay down 10 ticks below current price what are they trying to do? I guess if the price steams they cancel it?
Are they trying to fool a bot into pushing the price up? Or faking a level of support which they pull if the price steams and then the momentum will keep it going down?
The money (£400, £800, £1300 or larger) appears when < £10 has been matched on the back side of the market.
If could be one of the following:
- Oncourse bookies leveling up their books.
- Someone or something trying to reverse the price to where they want it.
- Someone or something that has backed the price in and now wants to hedge their bets.
- Could be someone drunk or with too much money who is mucking about.