Having
selected a market, the Prices Grid to the right of the Market Tree will be
populated with the best 3 back and lay prices for each selection name in the
particular market.
The
prices will be refreshed according to the refresh rate that you have selected
(default rate is 1 second). Just like the native Betfair site you can click on
any of the prices to place a bet. If you have ‘verify bets’ checked, a popup
window will open displaying the odds, stake and profit/liability. You can
adjust the odds and/or stake at this point before the bet is placed. Otherwise
if the ‘verify bets’ is unchecked the bet will be placed immediately at the
odds that you clicked on for the amount shown in the back/lay stake column
providing you have sufficient funds to cover the bet.
The
black bar just below the Prices Grid will show details of last bet placed and
just below that is the Bet Manager Grid displaying your bets for the selected
market.
You
will notice that each market contains a header bar just above the column
headings. This bar displays the market name and some icons on the left hand
side of the bar. The icons function as follows.
Close the market
Display market information
Display ladder interface
The
Prices Grid has 22 columns some of which you can hide in the preferences.
The
columns are as follows:-
Ø Selection Name
Displays the selection names for the
given market and in the case of
If you do have the silks selected you
can hover over the graphic and a tooltip will display a description of the
silks and likewise if you hover over the selection name you will see
information about the jockey, trainer, form etc.
Click on the selection name to see the
price history graph as seen on Betfair’s website.
Ø Rev
Reverses the back and lay prices when
checked allowing you to quickly back at the best lay price or vice versa. The
colours will change to reflect this.
Ø Dutch
This option only
applies to win markets.
Allows you to place what is known as a
dutch bet where you back multiple selections to achieve a desired profit. Enter
the profit required in the ‘Dutch Profit Required’ box in the options at the
top of the screen. Check at least 2 selections and providing a profit can be
achieved on all selections the Dutch Bet button will turn green showing the
stake required to place the dutch bet. Click on the button and appropriate
stake is bet on each of the selections. Obviously, you will only win the
desired profit if one of your selections wins.
You can toggle between producing a set
profit and placing bets adding up to a set liability by clicking on the words
‘Dutch Profit Required’.
Ø Price History
Displays a
simple graph showing the movement of back and lay prices over time.
Ø WOM
This is the
‘Weight Of Money’ indicator. It’s simply a calculation which is the total of
the three amounts available to back and lay divided by each other. If it's pink
then it may indicate that the price is likely to go out so you can lay it and
back later at a higher price and if it's blue then it may shorten so you can
back it and lay at a lower price.
Ø Inc/Dec Back Odds
Increases
or decreases the second and third back odds allowing you to place a back bet at
different odds. Once you have changed these with the arrows they will stay
fixed and will not update. The best price will continue to update as normal. To
release these prices so they are updated normally click anywhere in the area
just above the column headings.
Ø Alt Back
Click on this to
bet on the best back price at an alternative stake as set in your preferences.
Ø Back Price 3
The third best back
price is shown in this column.
Ø Back Price 2
The second best
back price is shown in this column.
Ø Back Price 1
The best back
price is shown in this column.
Ø Lay Price 1
The best lay
price is shown in this column.
Ø Lay Price 2
The second best
lay price is shown in this column.
Ø Lay Price 3
The third best
lay price is shown in this column.
Ø Lay @ 1000
This feature is disabled by default but
when enabled allows you to lay a selection at odds of 1000 for the stake as
preset in your preferences. If you want to use this feature then you will need
to contact the author to get it activated.
Ø Inc/Dec Lay Odds
Increases or decreases the second and
third lay odds allowing you to place a lay bet at different odds. Once you have
changed these with the arrows they will stay fixed and will not update. The
best price will continue to update as normal. To release these prices so they
are updated normally click anywhere in the area just above the column headings.
Ø Back Stake
This displays the default back stake used
when placing a back bet on a given selection. You can adjust the stake by
overtyping it in the column or by setting a global value in the preferences.
Ø Lay Stake
This displays the default lay stake used
when placing a lay bet on a given selection. You can adjust the stake by
overtyping it in the column or by setting a global value in the preferences.
Ø Preset stake buttons
You can also quickly set the stake for
all selections using the preset stake buttons above the prices grid. Single
click to select the stake and double click to change the default preset stake.
There are two sets of buttons, one for
back stakes and one for lay stakes.
Ø Profit
Displays the profit/liability for the
selection. When you have unmatched bets for a selection the background colour
in the profit column for that selection will turn yellow. You can click on this
and popup window will show you any unmatched bets. This allows you to
optionally update any unmatched bets by adjusting the stake or odds or even
cancelling the bets.
Ø Level Profit
Once you have matched bet(s) on a market
you can hover the mouse over the level profit column selection to see if there
is an opportunity to lock in a profit or loss depending on your situation. The
column will display the potential that can be taken. By clicking on the amount
shown the program will automatically place the required bet, however it is
important to be aware that there is no guarantee that you will achieve the
profit displayed, the odds may change quickly or there may be not be enough
money available on offer. In this case if the bet is not matched or partially
matched then either wait for your bet to be matched or cancel the bet and see
what level profit is available now.
This column works in a slightly
different way if ‘Trading Mode’ is
enabled. (See the explanation in Betting Options).
Ø Reduction Factor
The following explanation is taken from
Betfair’s help page.
For our horseracing markets we guard
against possible non-runners with a system of Reduction Factors (similar to
Rule 4 with traditional bookmakers). Each horse is allocated a Reduction
Factor, based on its likely chance of winning the race. Should a horse be
declared a non-runner, the Reduction Factor will be applied to the prices of
all matched bets, for both backers and layers.
This is to ensure that layers are not
unfairly treated and exposed to large liabilities when the chances of other
horses winning have improved. The Reduction Factors are designed to be fair to
both backers and layers.
Ø Last Price Matched
Displays the
last price that was matched in the market for the given selection.
Ø Total Matched
Displays the
total amount of money matched in the market for the given selection.