LTP, A quick question...

[eatyourgreens]

Good morning all,
Does any one know an answer to this example?

A selection has £10 available to back at odds 2.2 and £10 available to back at odds 2.1 and £10 available to back at odds 2.0.

Some one then places a £30 back bet requesting odds of 2.0.

His (or hers!) bet will be matched at the highest available odds, so £[email protected] £[email protected] and £[email protected] .

My question is, what would the last traded price be?............would it be the requested odds of 2.0 or an average of all 3 prices?

Thanx all
Have a nice day!

[ShaunWhite]

LTP is the last price matched so its the £10 @ 2.0.

If in your example they'd asked for £20 @ 2.0 it would be 2.1.

[eatyourgreens]

Thank you Shaun.......

I must be thick!.........its so simple but your answer took a while to sink in

[ShaunWhite]

not thick, just probably over thinking if anything.

If you search for LTP in this doc.. https://docs.developer.betfair.com/disp ... Stream+API then the explanation that it's "last price matched" sheds light on it. Don't ask me why they didn't just call it LPM.

[jamesedwards]

Thank you Shaun.......

I must be thick!.........its so simple but your answer took a while to sink in

Think of it as the first £10 would get matched at 2.2, then the next £10 would get matched at 2.1 and the final £10 would be matched at 2.0. Therefore last traded price is 2.0.

Of course, if this was reversed and you were laying at the same prices then the order of matching would be reversed and last traded price would be 2.2.