Back & Lay Rules

[excelhasey]

My understanding of how Betfair matches bets is :-

If you place a Back bet the system will try and match that at the best odds available, so if your selection is at at 5.0 you will get matched at anything between 5.0 and 1,000 and if the odds reduce below 5.0 no bet will be matched

If you place a Lay bet the system will try and match that at the odds you have quoted or lower, so if your selection is at at 5.0 you will get matched at anything between 1.01 and 5.0 and if the odds increase no bet will be matched

Is this correct ??

[milfor]

Yes