How Betfair Matches Bets

[chopper]

My question isn't directly related to BA but it follows on from my previous post so I hope its ok to post here.

If you consider a market with only two selections in it, say tennis for example. Say the prices for player A are 1.14 @ 1.15. Assume I put an offer to lay player B at a price of 8 into the market. This is the equivalent of me wanting to back player A at 1.143.

Does this mean that if someone clicks on 1.15 to lay they will get matched with my price of 8 as they're effectively getting a better price?

Thanks.

[jokerjoe]

Not 100% sure in that specific case, as not sure how they round it and that's a 1-tick spread. Betfair are being pretty cheeky as they take the difference for themselves.

If you had an example with a wider spread and yours came in the middle, yes yours would be taken.

[Smokin Joe]

My question isn't directly related to BA but it follows on from my previous post so I hope its ok to post here.

If you consider a market with only two selections in it, say tennis for example. Say the prices for player A are 1.14 @ 1.15. Assume I put an offer to lay player B at a price of 8 into the market. This is the equivalent of me wanting to back player A at 1.143.

Does this mean that if someone clicks on 1.15 to lay they will get matched with my price of 8 as they're effectively getting a better price?

Thanks.

They do get matched with your 8, but I think they only get 1.14. Betfair pocket the difference.
The backer can only get a valid increment, by this I mean that he can only get 1.14 or 1.15 or 1.16 etc - he can't get 1.143.

However, had the lay price been 7.6 then the backer would have got 1.15.

[chopper]

Thanks for the replies guys.

Yeah I agree, I think that's a little cheeky by Betfair.

However, I like the fact that it's a way of getting inside the tick spread and getting your back or lay to the front of the queue.