conditional bet again
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conditional bet again
by Kingyo » Fri Dec 07, 2012 8:27 pm
Sorry to mither but is they a page explaining conditional bets i.e what the difference is between last matched and or back price and what is the best advice to get matched when using conditiional bets also could somebody explain how £1500 was matched on fingals bay at 1000/1 when it crashed through the rail i know theres a time delay but surely people at the track cannot lay a faller knowing it will get matched thanks for your time
- Kingyo
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by dflowe » Mon Dec 10, 2012 9:14 pm
Hi As no replies have arrived yet maybe I can help.
Last matched.....is the price that last got matched it could have been a back or a lay.
Back Price is the offered price you see on the grid, and there is someone offering that price on the lay side for you to take if you want it.....
When using conditional bets the best advice I can give is
a. if it is the first of a trading pair then go in (above for a back/ below for a lay), the last matched price and see if you get matched.....if not cancel and try again till you do.....
b. if its the second of the trading pair and it is to green you up or a stop loss then you need to be sure you are matched so go in below for a back and above for a lay and you should get matched.
The amount of above or below is up to you.
Now with regard to your 1500 quid bet.....on every race there are some punters who do set up unmatched bets at the extreams and hope that they will get matched as the odds go past them...... some times they are lucky, sometimes not.......
I had traded a race a couple of years ago and made 30 quid......1 horse was removed at the off and after the betfair recalcs rule 4......I was in debt on the race win or loose £1654 so thats from win 30 quid to lose 1654 quid.....not a bad result?????cleared out me bank.
Last matched.....is the price that last got matched it could have been a back or a lay.
Back Price is the offered price you see on the grid, and there is someone offering that price on the lay side for you to take if you want it.....
When using conditional bets the best advice I can give is
a. if it is the first of a trading pair then go in (above for a back/ below for a lay), the last matched price and see if you get matched.....if not cancel and try again till you do.....
b. if its the second of the trading pair and it is to green you up or a stop loss then you need to be sure you are matched so go in below for a back and above for a lay and you should get matched.
The amount of above or below is up to you.
Now with regard to your 1500 quid bet.....on every race there are some punters who do set up unmatched bets at the extreams and hope that they will get matched as the odds go past them...... some times they are lucky, sometimes not.......
I had traded a race a couple of years ago and made 30 quid......1 horse was removed at the off and after the betfair recalcs rule 4......I was in debt on the race win or loose £1654 so thats from win 30 quid to lose 1654 quid.....not a bad result?????cleared out me bank.
- dflowe
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- Location: Midlands
- Kingyo
- Posts: 44
- Joined: Wed Feb 03, 2010 10:01 pm
by gavind » Wed Jan 02, 2013 4:11 pm
b. if its the second of the trading pair and it is to green you up or a stop loss then you need to be sure you are matched so go in below for a back and above for a lay and you should get matched.
The amount of above or below is up to you.
Thanks for that. Cheers! Newbie learning here.
Gambling is my way of life. 
- gavind
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- Joined: Sun Nov 25, 2012 9:12 pm
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