Few questions about the Betfair Graph

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NeedHelp
Posts: 5
Joined: Wed Jun 30, 2021 12:56 pm

Capture.JPG

Hi, please see my attached picture. I can't remember exactly what market this was but saw it on a video and instantly had some questions as follows.

I understand the red line on the betfair graph is the price but is the back or lay price or average of the two?

Is it the same with the grey lines of volume, is it back or lay's or both or an average?

I thought that when someone put a VERY large bet into the market (circled in blue) as they have done with my example here, which is something like £65000-£70000 it moves the market, but this hasn't at all, why is that?

Thanks
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NeedHelp
Posts: 5
Joined: Wed Jun 30, 2021 12:56 pm

Thanks but that doesn't answer all my questions, in fact raises more, like they say....
The volume (£s) is the bars at the bottom of the chart. I have highlighted a £175 bet that someone put on this horse soon after the first show. It was a lay bet as the price went from 3.0 to 4.0. So somebody was quick in there at 3.0 laying this horse probably yesterday afternoon (possibly in the know?).
How do they know it was a LAY bet??
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Derek27
Posts: 25159
Joined: Wed Aug 30, 2017 11:44 am

NeedHelp wrote:
Mon Aug 23, 2021 5:31 pm
Capture.JPG


Hi, please see my attached picture. I can't remember exactly what market this was but saw it on a video and instantly had some questions as follows.

I understand the red line on the betfair graph is the price but is the back or lay price or average of the two?

Is it the same with the grey lines of volume, is it back or lay's or both or an average?

I thought that when someone put a VERY large bet into the market (circled in blue) as they have done with my example here, which is something like £65000-£70000 it moves the market, but this hasn't at all, why is that?

Thanks
The red line doesn't represent the current back or lay price but the price where money is actually getting matched, so it could be back or lay, whichever price gets clicked on. The volume bars represents the amount traded at that price before money trades at another price.
Last edited by Derek27 on Mon Aug 23, 2021 9:46 pm, edited 1 time in total.
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Realrocknrolla
Posts: 1910
Joined: Fri Jun 05, 2020 7:15 pm

NeedHelp wrote:
Mon Aug 23, 2021 6:42 pm
Thanks but that doesn't answer all my questions, in fact raises more, like they say....
The volume (£s) is the bars at the bottom of the chart. I have highlighted a £175 bet that someone put on this horse soon after the first show. It was a lay bet as the price went from 3.0 to 4.0. So somebody was quick in there at 3.0 laying this horse probably yesterday afternoon (possibly in the know?).
How do they know it was a LAY bet??
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
jamesg46
Posts: 3771
Joined: Sat Jul 30, 2016 1:05 pm

Realrocknrolla wrote:
Mon Aug 23, 2021 7:44 pm
NeedHelp wrote:
Mon Aug 23, 2021 6:42 pm
Thanks but that doesn't answer all my questions, in fact raises more, like they say....
The volume (£s) is the bars at the bottom of the chart. I have highlighted a £175 bet that someone put on this horse soon after the first show. It was a lay bet as the price went from 3.0 to 4.0. So somebody was quick in there at 3.0 laying this horse probably yesterday afternoon (possibly in the know?).
How do they know it was a LAY bet??
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
Reminded me of one of Bidens lines, "you're a lying dog faced pony soldier". I think that perfectly describes the BF charts.
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Realrocknrolla
Posts: 1910
Joined: Fri Jun 05, 2020 7:15 pm

jamesg46 wrote:
Mon Aug 23, 2021 8:03 pm
Realrocknrolla wrote:
Mon Aug 23, 2021 7:44 pm
NeedHelp wrote:
Mon Aug 23, 2021 6:42 pm


Thanks but that doesn't answer all my questions, in fact raises more, like they say....



How do they know it was a LAY bet??
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
Reminded me of one of Bidens lines, "you're a lying dog faced pony soldier". I think that perfectly describes the BF charts.
😂😂😂

Here ya go

viewtopic.php?f=67&t=22921
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Kai
Posts: 7143
Joined: Tue Jan 20, 2015 12:21 pm

jamesg46 wrote:
Mon Aug 23, 2021 8:03 pm
Realrocknrolla wrote:
Mon Aug 23, 2021 7:44 pm
NeedHelp wrote:
Mon Aug 23, 2021 6:42 pm


Thanks but that doesn't answer all my questions, in fact raises more, like they say....



How do they know it was a LAY bet??
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
Reminded me of one of Bidens lines, "you're a lying dog faced pony soldier". I think that perfectly describes the BF charts.
I like it, can't measure time but it can measure market stupidity just fine

https://www.youtube.com/watch?v=TSFgDZJVYbo&t=2s
NeedHelp
Posts: 5
Joined: Wed Jun 30, 2021 12:56 pm

Realrocknrolla wrote:
Mon Aug 23, 2021 7:44 pm
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
Sorry for the probably stupid question but can you explain why for me the newbie here... thanks
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Realrocknrolla
Posts: 1910
Joined: Fri Jun 05, 2020 7:15 pm

NeedHelp wrote:
Mon Aug 23, 2021 9:44 pm
Realrocknrolla wrote:
Mon Aug 23, 2021 7:44 pm
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
Sorry for the probably stupid question but can you explain why for me the newbie here... thanks
You can lead a horse to water……..
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FosterWest
Posts: 1
Joined: Wed Sep 13, 2023 10:01 am

Realrocknrolla wrote:
Mon Aug 23, 2021 7:44 pm
NeedHelp wrote:
Mon Aug 23, 2021 6:42 pm
Thanks but that doesn't answer all my questions, in fact raises more, like they say....
The volume (£s) is the bars at the bottom of the chart. I have highlighted a £175 bet that someone put on this horse soon after the first show. It was a lay bet as the price went from 3.0 to 4.0. So somebody was quick in there at 3.0 laying this horse probably yesterday afternoon (possibly in the know?).
How do they know it was a LAY bet??
I’ve said this before and i’ll say it again. The betfair charts are absolutely awful… pony… dog shit… the advance charts will give you so much more clarity on what is happening in the market.
Agree with you! 100%
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