Help with the basics please.

[thewald]

Hi

I have been using betfair for a while now but have only just begun to use software and move away from traditional backing and laying.

Have read a lot about trading, scalping, arbing and in running and am trying to get my head around the software and all its possibilities.

I work in an independent bookmakers and do get some info where i know the price of a certain horse is going to shorten which helps

I have been playing with £10 stakes and have managed to "green up" quite a few races but could do with some help to reduce my reliance on luck and increase the number of races in which I profit.

Have I understood the following properly?

On the ladder interface, when I click the amounts in the pink columns I lay, which means that the money there is from people who want to back. If more money is in this column then the price is likely to fall and vice versa in the blue column.

Also the chart at the bottom of the ladder interface, what is the best time scale to use

Any other help or advice would be greatly appreciated.

[danjuma]

On the ladder interface, when I click the amounts in the pink columns I lay, which means that the money there is from people who want to back.


Correct. Don't necessary have to click on a cell with money. You can click on any cell, which means you are asking to lay at the corresponding price shown in the middle navy blue column. Conversely, if you click a cell in the light blue column, you asking to back at the corresponding price in the middle navy blue column

If more money is in this column then the price is likely to fall and vice versa in the blue column.

If I remember this clearly (can be confusing at times), money displayed in the pink column is money waiting to lay the selection at the corresponding price, and money in the light blue column is money waiting to back the selection at the corresponding price. If there is more money in the pink column (ie more money waiting to lay the selection), then in theory, the price should drift. Obviously this is not always the case, hence we would all have been millionaires by now!

[thewald]

Thanks!