Placing a Lay Bet In Play

[salmanim140i]

Hi All,

Looking for a bit of clarity when in-play trading

I was trying out the in-play trader and have laid a few horses that looked like they were going to loose.

but i'm trying to understand that if the horse does loose why do I still loose my lay bet if that's what I predicted would happen and it did.

Is this also seemed the same for when I done a lay bet with offset and greening. the lay be got matched but not the Back bet and the horse lost and I still showed a negative p&L against that Runner.

I thought when you laid a horse or bet to not win something that would mean I would win?

cant seem to find anything on this forum to clarify other wise?

[Derek27]

If you lay a horse you will have a negative P/L against that runner and a positive P/L against all others. The individual P/L just tells you what you win or lose if that particular runner wins. If it doesn't, you can ignore that P/L and just look at the P/L of the winner, which should be positive.

[salmanim140i]

Hi derek27

Thanks for that. Was getting really confused with it.

So just to clarify. If I place a lay and the offset does not match it but the horse still loses. I effectively still make profit as long as the other are green ??

[Derek27]

Hi derek27

Thanks for that. Was getting really confused with it.

So just to clarify. If I place a lay and the offset does not match it but the horse still loses. I effectively still make profit as long as the other are green ??

Yes, you should win the amount of your lay. But if the horse loses the offset back bet will almost certainly get matched when it's clearly beaten, unless it only beaten close to the finish.

[salmanim140i]

I see what your saying regarding the back bet.

Been running some inplay automation very basic stuff to try and understand what's going on. Few times the back bet is not getting matched but like you say could be a close finish.

While I got you here derek27, if my offset bet goes through and all gets matched and race is finished and all is in the green. But showing 2 sets of numbers. So all other runners are say £1.50 but the horse I traded is showing say £2.50 what value do I take as the confirmed profit??

Sorry forgot to mention it's an offset bet with greening.

Thanks

[ShaunWhite]

The figure shown is the amount you gain/lose if the horse wins. Ignore the one you've traded, look at the number next to the winner. If you're seeing two sets of numbers, are you trading the place market? That shows both the win and lose amounts.

[salmanim140i]

If I am totally honest I have no idea if I was trading the place market or not. just done the quick picks load via guardian.

But I have put a screen shot below with an example.

the Horse I traded "glory" lost, so my lay bet was placed and offset matched with greening. that shows a profit of £1.83 and all the others show a profit of £1.61...

so as it is all showing green which one is the one you class as "profit" i am inclined to think the £1.83 right as thats the horse I traded?

[Derek27]

The horse you traded is irrelevant (unless it wins). You can see Topology won the race from the betting so the £1.61 figure is what you win.

Presumably, your offset bet was thrown into the market at the greenup price, but the horse was drifting and a higher price was taken, which is why you have a higher figure for your traded horse. If it went on to win you would have won £1.83.