Hello, it says that members promise not to laugh at newcomers questions, well here is a basic point that I cannot understand for a start:
Why are the lay prices always higher than the back prices, if the idea is to match backers and layers at the same price why isn't that price shown as on offer to both?
Thanks
Difference between back and lay prices
The market heads toward best available price to back or lay at, if you take that price. If you offer a price to the market you can back or lay at any price.
So if the market is at 4.00 to back but you want to back at 4.10. You can do so, but you will have to wait from somebody willing to lay it at those odds. Hope that helps.
So if the market is at 4.00 to back but you want to back at 4.10. You can do so, but you will have to wait from somebody willing to lay it at those odds. Hope that helps.
Who said that trading was easy moneyInnertube wrote:The market heads toward best available price to back or lay at, if you take that price. If you offer a price to the market you can back or lay at any price.
So if the market is at 4.00 to back but you want to back at 4.10. You can do so, but you will have to wait from somebody willing to lay it at those odds. Hope that helps.
