Best price and how are bets matched?

[MrMann]

Hello,
I’m new to Betfair. I have a few questions:
1. How is best price found?
2. How are laybets matched to backbets? Is there any maths that I can look at? ( I’ve done an internet search and not found anything tangible.)
3. How can laybet odds be converted to back bet odds?

Thanks in advance.

[gazuty]

Hello,
I’m new to Betfair. I have a few questions:
1. How is best price found?
2. How are laybets matched to backbets? Is there any maths that I can look at? ( I’ve done an internet search and not found anything tangible.)
3. How can laybet odds be converted to back bet odds?

Thanks in advance.

Welcome.

Are your questions primarily driven at two selection markets? A and B

And you are asking, if you want to back A, are you actually better off laying B? or if you want to back B are you better off laying A?

So for the win maybe A is 1.96/1.97 and B is 2.02/2.06?

If take the reciprocal of the odds and subtract them from 1 and then take the reciprocal of the answer you get the translated odds on the other side.

(PS if you are new I recommend viewtopic.php?p=265873#p265873).