I'm fairly new to trading and have had a couple of mishaps (luckily not too expensive) but when i do trade on the ladder interface I notice that there is sometimes money traded on 1.01 and 1000. Is there a reason for this practice.
Any advice appreciated.
Backing at 1.01
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Trader_Tom
- Posts: 198
- Joined: Mon Oct 10, 2016 10:51 pm
The people backing feel like they are backing a dead certainty and can't lose. The people laying know that horses at 1.01 will go on to lose more than the odds indicate and a lay here can be good value provided you are at or near the front of the queue.
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ShaunWhite
- Posts: 10552
- Joined: Sat Sep 03, 2016 3:42 am
There's always people on both sides of the fence who believe they are getting value at these odds extremes. And while that's the case, matches will be made.Yasmingrace wrote:I'm fairly new to trading and have had a couple of mishaps (luckily not too expensive) but when i do trade on the ladder interface I notice that there is sometimes money traded on 1.01 and 1000. Is there a reason for this practice.
Any advice appreciated.