1.44

[Goobs]

Why is there always a cunk of money sat at 1.44?

[Crumpets]

I've always assumed it was fishing for fat fingers. Which sounds like a Morrissey single

[Goobs]

I've only really noticed it today, and no matter the race or runner its always about £8k....

[wearthefoxhat]

I've only really noticed it today, and no matter the race or runner its always about £8k....

If pre-off, could be someone placing an in-play order at 1.50 (or something nearby), using automation, knowing their 1.44 is first in the queue for a fill, then, with momentum, it greens up at 1.44.

If they had put the 1.50 back in first, the software would match at the highest odds available at the time. That would defeat the point as the market momentum hasn't begun yet.

If the back order never gets matched at 1.50. then the Lay 1.44 just cancels automatically for a no trade, then on with next race.

Just guessing by the way..

[wearthefoxhat]

Something on these lines.

Calculator.png

[Goobs]

Yeah makes sense, but does anyone actually know...........?

[jamesedwards]

Yeah makes sense, but does anyone actually know...........?

The only person that actually knows is the guy putting the money up.

[Goobs]

Yeah makes sense, but does anyone actually know...........?

The only person that actually knows is the guy putting the money up.

True, Just wondered if there was a technical reason that I didnt know about? All the money dissapears when the market goes in-play too...odd

[wearthefoxhat]

Yeah makes sense, but does anyone actually know...........?

The only person that actually knows is the guy putting the money up.

True, Just wondered if there was a technical reason that I didnt know about? All the money dissapears when the market goes in-play too...odd

Ok, so the in-play example wouldn't apply in that instance if the order disappeared at the off.

Likely goes back to the fat finger theory. Someone mistakenly clicks £xx @1.40, some of the 1.44 is taken, then their automation springs into life to trade out at a value prices,

[Goobs]

But on most of these markets there is a ton of money sat above it, many, many thousands, race/selection dependent. So why tie up £8k per runner for the hope that you might get a fill in some random event........?

[jamesedwards]

But on most of these markets there is a ton of money sat above it, many, many thousands, race/selection dependent. So why tie up £8k per runner for the hope that you might get a fill in some random event........?

It's not £8k per runner, it's £3.5k per race.

There are tons of reasons why you might do this. It's just not worth trying to 2nd guess it. Whether you can you leverage it, is the only question you should be bothering with.

[Goobs]

But on most of these markets there is a ton of money sat above it, many, many thousands, race/selection dependent. So why tie up £8k per runner for the hope that you might get a fill in some random event........?

It's not £8k per runner, it's £3.5k per race.

How'd you get to 3.5k??

[Dallas]

But on most of these markets there is a ton of money sat above it, many, many thousands, race/selection dependent. So why tie up £8k per runner for the hope that you might get a fill in some random event........?

It's not £8k per runner, it's £3.5k per race.

How'd you get to 3.5k??

Its the liability from a £7700 lay bet @ odds of 1.44 (the exact amount is £3388)

Only one horse can win so worst case they'd lose £3388 if none of the other bets were matched

[Goobs]

ah yeah but you still have to tie up £3.5k for each runner/ have it in your account.....?

[Dallas]

ah yeah but you still have to tie up £3.5k for each runner/ have it in your account.....?

Each race