Author Topic: Best Price  (Read 1711 times)

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Best Price
« on: 12 Sep 2013, 23:06 »
How do you make a trigger bet at the best price?  Which variable should be used?  I am referring to the Best Price as referred to in the manual on page 50:

When laying at "best" price, offer a price that is ... ticks above the current lay price
The term "best price" here refers to the lowest possible price available for your whole bet to be matched. Let's say you lay £1000 at 4.5, but only £500 is available at that price. Another £400 are offered at 4.4 and £300 are offered at 4.3. If the program is to match your whole bet, it will have to lay £500 at 4.5, £400 at 4.4 and £100 at 4.3. Luckily this is done automatically by the exchange if you lay at a price that is higher than the current available odds. I.e. if the program offers £1000 at 5.0, the exchange will automatically lower down that offer to the best available prices and match all three portions.
Thus this setting determines how high you are prepared to go above the current best price. Setting it too low, e.g. 1 tick above the current price, may leave your bet unmatched if a market is highly volatile (especially at In-Play), as
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Re: Best Price
« Reply #1 on: 13 Sep 2013, 03:33 »
hi
if you want to bet at the best price available, you use    best    in the price box.
this tells betfair that you will take the price that is available, so if the price is 3.00 and it goes to 2.90, betfair will give you 2.90


mcbee
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