19.30 Newcastle

[SilentDave]

Can anyone shed any light on what happened in this market.

I had a £3.83 red on all runners pre-off.
After the race I flicked back to the market and I had a £39.59 liability on the favourite and £3.83 liability on all other runners (needless to say the fav won...)

Any ideas what might have happened here?

[jimrobo]

I think there was a withdrawal.

[Euler]

Runner making up 22.7% of the book was withdrawn.

[SilentDave]

Excuse my ignorance but how is this calculated then?

Seems a huge increase in liability from £3.83 to just under £40.

[jimrobo]

depends on what the odds you traded at in relation to the official reduction factor

[SilentDave]

But back and lay bets are affected in the same way surely so I'm struggling to see how the liability can be increased by a factor of 10+.

[jimrobo]

it depends how you traded it. Did you just trade on one horse? If you did, did you green up inplay?

[SilentDave]

I'd just traded the favourite, and having made a mess of it and given it up as a bad job I redded up pre-off so I had a liaiblity of £3.83 on each runner in the field.
I then left the market and switched my attention elsewhere so missed the withdrawal. When I switched back to the market just after the race I was showing the £39 liability on the fav and £3.83 on all other runners.
I guess the lesson to learn is to keep attention on the race/market until it is concluded whether you are still actively trading it or not.

[Euler]

Did you swing trade it, was the difference between the back and lay prices large?

[SilentDave]

No the difference between back and lay prices was not large - just a tick or two (in the wrong direction!)
I don't have the log unfortunately as I had closed BA after the race.