I.P.%

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barrie
Posts: 24
Joined: Mon Jul 30, 2018 9:35 am

This may be a daft question but I cannot find the answer anywhere. What does I.P.% stand for on the movemnt indicators?
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ShaunWhite
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Joined: Sat Sep 03, 2016 3:42 am

Implied percentage chance. Ie 100/price, 100/25 would be a 4% chance. But some also use IP as abbreviation for in-play, (aka in-running) so context is everything.
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barrie
Posts: 24
Joined: Mon Jul 30, 2018 9:35 am

thanks. Just one last question (as I think the movement indicator is Implied Probability) would that 4% be the implied possibility of the horse winning? Just trying to get my head round that and weight of money. thanks again
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ShaunWhite
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barrie wrote: ↑
Tue Jan 10, 2023 11:38 am
 thanks. Just one last question (as I think the movement indicator is Implied Probability) would that 4% be the implied possibility of the horse winning? Just trying to get my head round that and weight of money. thanks again
Yes, the implied percentage of a selection (100/price) is the percentage chance a selection has of winning. Weight of money is something different, its the relative volume of orders (unmatched bets) waiting above and below the current price.
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barrie
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Joined: Mon Jul 30, 2018 9:35 am

tx again
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ShaunWhite
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barrie wrote: ↑
Tue Jan 10, 2023 1:22 pm
tx again
👍 As a side note, the sum of the implied percentages for all runners 'should' be 100%. Where it isn't that's known as an overround or underground. Bookies make money by offering prices with an overround (eg something like 130%) meaning that the sum of the prices on offer are lower than their true combined chance of winning.
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Kai
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Joined: Tue Jan 20, 2015 12:21 pm

IP stands for "Internet Protocol," which is the set of rules governing the format of data sent via the internet or local network. In essence, IP addresses are the identifier that allows information to be sent between devices on a network.
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jimibt
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Kai wrote: ↑
Tue Jan 10, 2023 2:20 pm
 IP stands for "Internet Protocol," which is the set of rules governing the format of data sent via the internet or local network. In essence, IP addresses are the identifier that allows information to be sent between devices on a network.
you've turned into a BOT - lol
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Kai
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Joined: Tue Jan 20, 2015 12:21 pm

jimibt wrote: ↑
Tue Jan 10, 2023 2:25 pm
you've turned into a BOT - lol
Loled as well, worth.

Sry for offtopic OP, just a small inside joke between Jimbo and me. Slow afternoon apparently :D
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ShaunWhite
Posts: 10538
Joined: Sat Sep 03, 2016 3:42 am

Kai wrote: ↑
Tue Jan 10, 2023 2:20 pm
 IP stands for "Internet Protocol," which is the set of rules governing the format of data sent via the internet or local network. In essence, IP addresses are the identifier that allows information to be sent between devices on a network.
We've officially run out of acronyms. In person, innovation and planning are intellectual property. And here's the other 164......
https://acronyms.thefreedictionary.com/IP
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