Tick

[juanluis]

Hi, i see the word tick in many threads, but i don´t know what it is. Can anybody explain me what it is or show me a link?. Thank you

[Euler]

A tick is generally meant to mean an increment or decrement in price.

So if you are trading at 2.48 the next tick up will be 2.50 and the next tick down 2.46. The tick in this case being .02 in either direction.

Tick sizes vary depending on where you are in the market.

So 1.01-1.99 the tick size it 0.01, between 2.00-3.00 it is .02 and between 3.00-4.00 it is 0.05.

There are 351 ticks in the total Betfair market range of 1.01-1000 in decimal odds.

[juanluis]

Very good explanation Euler. Thank you.