Trading on Betfair - Automatically exit your trade at the off
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Thanks!
I couldn't find the description in the Betfair glossary, so I posted here.
It's hidden pretty well in the contents of the help section...
Now I understand! :)
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SP = Starting Price ??
Is this the price Sarasota Sunshine had when the race began?
If so: What was the actual Price at this moment? You layed at 5.3 and failed to get your back bet matched at 5.4 ... so where did you leave the market at the beginning of the race?
And how does this work? Who is having the opposite bet or who is matching yours?
You see I'm a bit confused here, please help me out ;)
geckotuff 2 years ago
The starting price is resolved by Betfair. Basically people offer up liability or an amount they are willing to stake and the SP is formed from those two prices. It's quite complicated to explain with such little space in the comments field. But if you visit Betfair's help section you will see a full explanation there.
Basically SP is usually pretty close to the final traded price in the market.
betangeltv 2 years ago