Best Price Rule - out of the money
Hi
Can anyone help?
What happens to my stake when I place an order larger than an awaiting order, out of the market?
Example:-
Best price is currently at 2.72 with Lay order £30 waiting to be matched.
I place a back order of £60 into market entry point 2.6
Does the remaining £30 stake
1. Sit unmatched at the price of 2.72
Or
2. Carried over with price rise until taken – i.e. matched at next lowest best price odds 2.7
I know £30 of my order will be matched at the best price of 2.72 but I don’t know what will happen to the remainder of my £30 stake!
Many thanks - Chris
Best Price Rule - out of the money
Chris if i understand correctly. You are BACKING at 2.6 and there is £30 on the back side of the book (in blue) sitting at 2.72
Your money will be matched upto what is available at the best price 1st then descending until all the money above 2.6 is taken (that is if there is less money on offer than you have put in).
The remainder (£30) will sit unmatched at 2.6 - you will see it on the Lay side (pink). When someone wants to LAY at 2.6 your money will be matched
Your money will be matched upto what is available at the best price 1st then descending until all the money above 2.6 is taken (that is if there is less money on offer than you have put in).
The remainder (£30) will sit unmatched at 2.6 - you will see it on the Lay side (pink). When someone wants to LAY at 2.6 your money will be matched
Thanks for the reply -
I was looking at the trade ladder and instead of waiting for a matching order near the centre of back book [2.7], I wanted to know the dynamics of the ladder and stake in relation to out of money bets.
So the mock I set up was:-
[ladder reversed]
Best Lay price 2.72 £90 waiting to be matched [lay side - blue]
Best back price 2.7 with £30 waiting to be matched [Sat on back side - pink]
I click my mouse on the layside [blue] to place a back bet of £60 at a price of 2.6 [out of money]
£30 is matched at 2.7 and my £30 is left sat unmatched with best price now moving to 2.68 where there is £40 back side [pink] waiting to be matched.
I did not know whether my £30 would go with the price rise to 2.68 and be matched with £40 sat waiting leaving £10 unmatched, or stay at 2.7
chris
I was looking at the trade ladder and instead of waiting for a matching order near the centre of back book [2.7], I wanted to know the dynamics of the ladder and stake in relation to out of money bets.
So the mock I set up was:-
[ladder reversed]
Best Lay price 2.72 £90 waiting to be matched [lay side - blue]
Best back price 2.7 with £30 waiting to be matched [Sat on back side - pink]
I click my mouse on the layside [blue] to place a back bet of £60 at a price of 2.6 [out of money]
£30 is matched at 2.7 and my £30 is left sat unmatched with best price now moving to 2.68 where there is £40 back side [pink] waiting to be matched.
I did not know whether my £30 would go with the price rise to 2.68 and be matched with £40 sat waiting leaving £10 unmatched, or stay at 2.7
chris