Query about one of Peter's videos

[kenfrost]

https://www.youtube.com/watch?v=wAL6DbY5NAE

At approx 3.10 Peter discusses what happens when someone wants to back £ 100 when there is only £10 to back.

Peter says £90 goes onto the lay side.

I don't understand how it ends up on the layside and how it allows the bet of £ 90 to complete?

Apologies for being thick.

[ShaunWhite]

If you wanted to buy 10 phones and only one was for sale, you'd get the one and the other 9 would become an offer to buy hoping that someone would sell you some.

Ie an order for 10, 1 is matched and 9 remain on the ladder as unmatched.

[kenfrost]

If you wanted to buy 10 phones and only one was for sale, you'd get the one and the other 9 would become an offer to buy hoping that someone would sell you some.

Ie an order for 10, 1 is matched and 9 remain on the ladder as unmatched.

Thanks, that I understand..but here's where I am clearly being thick..how does that get on to the lay side?

I am clearly not understanding something that is very simple here

[ShaunWhite]

Because if you want to back and there's nothing available at that price, it becomes an invitation for someone to lay. Ie Your back offer appears as available to lay, just as someone else's offer to lay showed up as being available for you to back.

It's just perspective. If you want to back, others need to see it as something they can lay.

[kenfrost]

Because if you want to back and there's nothing available at that price, it becomes an invitation for someone to lay. Ie Your back offer appears as available to lay, just as someone else's offer to lay showed up as being available for you to back.

It's just perspective. If you want to back, others need to see it as something they can lay.

thanks, I clearly misunderstood the video as I interpreted it to mean that the unmatched back bet then switched over to the lay side.

[ShaunWhite]

Because if you want to back and there's nothing available at that price, it becomes an invitation for someone to lay. Ie Your back offer appears as available to lay, just as someone else's offer to lay showed up as being available for you to back.

It's just perspective. If you want to back, others need to see it as something they can lay.

thanks, I clearly misunderstood the video as I interpreted it to mean that the unmatched back bet then switched over to the lay side.

Well yes, it becomes an amount for someone to lay so it's visible on that side. It's still a back bet from your perspective and hasn't changed into a lay bet. This is the difference between taking a price and asking for one.

[kenfrost]

Because if you want to back and there's nothing available at that price, it becomes an invitation for someone to lay. Ie Your back offer appears as available to lay, just as someone else's offer to lay showed up as being available for you to back.

It's just perspective. If you want to back, others need to see it as something they can lay.

thanks, I clearly misunderstood the video as I interpreted it to mean that the unmatched back bet then switched over to the lay side.

Well yes, it becomes an amount for someone to lay so it's visible on that side. It's still a back bet from your perspective and hasn't changed into a lay bet. This is the difference between taking a price and asking for one.

It's the visibility things that is confusing me, you don't mean it goes across to the lay side of the ladder and shows as unmatched money do you?

I am sorry if I seem dense

[ShaunWhite]

Do you mean it goes across to the lay side of the ladder and shows as unmatched money?

Yes.
Find a selection that's trading at say 5, and put in a back bet at 50 or a lay bet at 1.5. Your money will appear as being available for someone else to take.

[kenfrost]

Do you mean it goes across to the lay side of the ladder and shows as unmatched money?

Yes.
Find a selection that's trading at say 5, and put in a back bet at 50 or a lay bet at 1.5. Your money will appear as being available for someone else to take.

Thanks, I now realise why I have been so slow witted..I forgot the fact that the ladder is reversed. So as you say, quite rightly, when I place an unmatched back bet on the reversed ladder it will show on that side of the ladder (which is in fact the lay side non reversed).

Thanks for your help and patience, and apologies for being a bit slow

[ShaunWhite]

Thanks for your help and patience, and apologies for being a bit slow

I've never reversed the ladder (can't see the point tbh) so glad the explanation still worked.

[kenfrost]

Thanks for your help and patience, and apologies for being a bit slow

I've never reversed the ladder (can't see the point tbh) so glad the explanation still worked.

Interesting..I might remind myself what it looks like unreversed