SOMETHING I CANNOT COMPUTE WITH

[bettingdude]

]Hello All,

Hope I will make myself clear.

I came across this paragraph on the BetAngel guide which gets me into misunderstanding, i.e.;

Understanding the screen

There are other numbers, functions and columns on the screen that display information or perform specific functions. In the middle of the rows is a percentage number, this number represents the weight of money in a market on the selection. If there is £2500 to back and £5000 to lay the weight of money will show 33%. This is indicating that there is more money on the lay side than the back side. If we assumed, theoretically, that money was arriving in the market at the same rate on both sides then would hypothesise that the back side would be ‘eaten’ through first. Therefore the price would likely come in and the price will get smaller. Therefore when this number is less than 50%, indicating more money on the lay than the back side it shows in blue. If the price is higher than 50% it will show in red indicating pressure on the price to drift.

I have asked the Support guy why the Blue part (above) and he answered this:

"It just means the odds are going to reduce. So if the price of the runner is currently 2.0, then the weight of money is indicating that the price would likely be 1.99 or less soon as there is more money wanting to back than lay the runner."

So my reflection is the following:

1) What does the term "come in" means... I find nothing in the dictionary explaining this usage.

2) He states the green part (above) but Why would the price decrease. Why?
I mean if I am sure that a horse is going to win I am going to try to bet at the highest odds as possible… 25 possibly…I do not see why I would bet less.

I mean people offer prices here so why would they offer price less that the actual odds when the horse is likely to win!! This does not make any sense.

When you look at a Live race, odds go up and down mots of the time, so why do you state that the "weight of money is indicating that the price would likely be 1.99", I do not see any reason except that somebody shoot the horse on the field!

Can you explain the reasoning behind this pls because I think it is important here.

[megarain]

Hi.

When u look at a market, there are a number of ways u can win or lose money.

1.The selection u back or lay, either wins/losses, so u either win or lose, on this independent transaction.

2.Before the event start time, u can place a trade, that will have some market exposure.

(By this I mean, say u back at 2.00, 5 mins before the off. At the event start time, it might be 1.95 (good), u could lock in a profit, or 2.06 (bad), u could lock in a loss.

In this case, u are trading the price .. (providing u close the trade before the event starts).

WOM, is an algorithm, which tries to indicate which way the market will move.Its effectiveness is not something I have investigated.

Move in .. is a slangish type term, which describes the mkt price, moving from 2.00, to less.

The algorithm is predicting a move down .. whether its accurate, is open to debate.

[bettingdude]

THanks,

I know what scalping is... This is not my questions.

What "come in "means, not "move in"? what is the exact definition?

Still does not explain neither why the guy mentions what I said in my first message regarding "If we assumed, theoretically, that money was arriving in the market at the same rate on both sides then would hypothesise that the back side would be ‘eaten’ through first. Therefore the price would likely come in and the price will get smaller"

Roland

[megarain]

come in = move in .. same difference. I know of no definition, and dont really think u need one. Its a smaller number .. end of.

the money is not arriving at the same rate.

there was 2500 on the back side, 5000 on the lay.

theoretically, there is pressure from the mkt, to eat at the back side, so, the price might be expected to come/move in.

.. especially if money continues to arrive at the same rate.

[bettingdude]

yes, thanks for all this... I talked to my partner about it and she thinks it is a "offer/demand" matter...

Much money is given to be Layed (so much money bet in favor of a horse going on the pinkish Lay side) is a high demand and so will tend to reduce to attract "customers" to "buy" later since there might be more offers than demand (assumption of course).

The opposite is the same if much money given to be backed (so lots of money put against a horse).

This would make somehow sense but hard to apply in the Horse betting world to be honest!

Who makes the odds? Who is the first person to input a price on a market?