Question about amount traded.

[Icecold]

If the betfair graph shows £10,000 has been traded at 1.01, how much do the backer/backers stand to lose?

[Euler]

Backers get odds-1, so in this case 1% (1.01 - 1 = 0.01)

£10 for £1,000
£100 for £10,000

Layers get the opposite so would win £1,000 for risking £10

[Icecold]

Backers get odds-1, so in this case 1% (1.01 - 1 = 0.01)

£10 for £1,000
£100 for £10,000

Layers get the opposite so would win £1,000 for risking £10

This screenshot shows £7554 has been traded at 1.01. Does that mean that at 1.01 the backer/backers have risked roughly £75 and the layers stand to lose around £7479?

[LinusP]

You need to divide the traded amount by halve....

[markjacks]

Thanks Linus, I guess that confirms my doubts.