Hi
no it's the opposite.
backing money appears as unmatched money on the lay side, if there is more money on the lay side the WOM figure will be lower, and price more likely to shorten as backers ask for lower and lower prices. WOM would equal 0.00 if selections lay price is 1.01
laying money appears as unmatched money on the back side, if there is more money on the back side the WOM figure will be higher, and price more likely to drift as layers offer higher and higher prices on the selections chance of winning. WOM would equal 1.00 if selections back price is 1000
evenly spread opinion between backers and layers should result in a WOM figure approx. 0.50