Tick

[alan]

Can some explain to me this 'tick' business? If I want to have a sliding Stop Loss in place what is the SL parameter meant to be say for 2.02 down to 1.5?

[GaryRussell]

A tick is a price increment. See http://help.betfair.com/contents/itemId ... ex.en.html for the list of acceptable odds to Betfair.

Say you were manually entering a bet, you would need to click the down arrow 51 times to get down to 1.5 therefore it is 51 ticks lower.

When you "say 2.02 down to 1.5" do you mean if you lay it first and it's gone the wrong way?

[alan]

I guess what I am looking for is when I LAY a horse at 2.02, can I put a Stop Loss if the horse looks like winning (say the odds come in to 1.10 for example). Thus mitgating my loss.

Thank you.