Weight of Money

[ija34]

Hey,

If the weight of money is above 70% on the back side, does this mean that the selection is being mostly layed so the money is waiting to be matched on the back side or have I got this the wrong way around? I thought that it would mean the selection was being backed as I had a system running to place a bet on the selection with most volume and weight of money >70% on the back side but it placed a bet on the current loser at a score of 2-0 at odds of 47.0. The result was 2-2 so it was a close one

[Dallas]

If using automation the WOM uses the lay side, to to trigger a rule when there is greater than 70% on the back side you use
less than 30%

If manually trading the one click screen and the value is 26% and in blue that means there is 74% of the WOM is on the lay side
On the ladder screen its shows both sides above their respective ladder columns

[ija34]

If using automation the WOM uses the lay side, to to trigger a rule when there is greater than 70% on the back side you use
less than 30%

If manually trading the one click screen and the value is 26% and in blue that means there is 74% of the WOM is on the lay side
On the ladder screen its shows both sides above their respective ladder columns

yeah, I have it set to <30% as my goal was to place a bet if there was >70% on the back side but if the back side is higher, does this money come from people placing lay bets? and if the lay side is higher then there's more money being backed?

[Dallas]

If using automation the WOM uses the lay side, to to trigger a rule when there is greater than 70% on the back side you use
less than 30%

If manually trading the one click screen and the value is 26% and in blue that means there is 74% of the WOM is on the lay side
On the ladder screen its shows both sides above their respective ladder columns

yeah, I have it set to <30% as my goal was to place a bet if there was >70% on the back side but if the back side is higher, does this money come from people placing lay bets? and if the lay side is higher then there's more money being backed?

It's the unmatched money waiting at the best three prices that make up the percentages

The calculation is done by adding up the total of the money waiting on the back side divided by the total of the money waiting on both sides.

For example If the back money available is £100 at 2.02, £150 at 2.04 and £175 at 2.06
and the lay money available is £75 at 2.08, £100 at 2.10 and £125 at 2.12.

Then WOM = (£100 + £150 + £175) / (£100 + £150 + £175 + £75 + £100 + £125) = £425 / £725 = 58.6%

[ija34]

So theoretically, if the back book % is higher at one point then that money starts getting matched, it's likely that the price will begin to drop depending on the amount of volume?

[Dallas]

So theoretically, if the back book % is higher at one point then that money starts getting matched, it's likely that the price will begin to drop depending on the amount of volume?

The back book % is just the current price converted into a percentage chance of it winning, it's also known or referred to as the IP% (implied percentage)

If a selection was available to back at 2.0 its back book % would be 50%
If a selection was available to back at 8.0 its back book % would be 12.5%

[ija34]

So theoretically, if the back book % is higher at one point then that money starts getting matched, it's likely that the price will begin to drop depending on the amount of volume?

The back book % is just the current price converted into a percentage chance of it winning, it's also known or referred to as the IP% (implied percentage)

If a selection was available to back at 2.0 its back book % would be 50%
If a selection was available to back at 8.0 its back book % would be 12.5%

So what conditions can I use on automation if I'm looking for a selection that's being heavily backed or layed? I know how to do most matched volume or change in volume but these conditions don't check whether the most money is on the back or lay side.

[Dallas]

So theoretically, if the back book % is higher at one point then that money starts getting matched, it's likely that the price will begin to drop depending on the amount of volume?

The back book % is just the current price converted into a percentage chance of it winning, it's also known or referred to as the IP% (implied percentage)

If a selection was available to back at 2.0 its back book % would be 50%
If a selection was available to back at 8.0 its back book % would be 12.5%

So what conditions can I use on automation if I'm looking for a selection that's being heavily backed or layed? I know how to do most matched volume or change in volume but these conditions don't check whether the most money is on the back or lay side.

The main one would be a change in price over a period of time (ie, a movement in ticks or percentage)

There's a few examples in the pre-off section which use different conditions like these
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