Chapter 1.
GETTING STARTED
In this chapter we will explain how to start using KingTrader software. At first, you need to download KingTrader application from our website. Once you do that, you need to install it. Before you can login, and start using the application, you need to register your valid e-mail address. It is important to register valid and existing e-mail address that you have access to, because subscription and all eventual communication will go through your e-mail address. Also, your registered email is the only information that we will have about you, and only way to find your account in our data base and to communicate with you. Once you register your email, you can go to the application. When you launch KingTrader app, you will be asked to enter your registered email address and to enter your Betfair username and password. If this is your first time logging into Betfair via KingTrader aplication, you will need to wait up to two minutes, until Betfair activate your account for KingTrader. Every new customer will get 15-day free trial. When you free trial ends, you can keep using KingTrader by subscribing to one of our subscription plans.
DOWNLOADING
Go to DOWNLOAD page (https://kingtrader.info/download) on our website and click on the “DOWNLOAD” button to start downloading the latest version of KingTrader.
After downloading process is finished, find your download folder and double click on file called KingTrader.msi.
INSTALLATION
Go through the installation wizard to install the KingTrader software. After you install the application, locate the KingTrader icon on your Windows desktop. Double click to launch the application.
REGISTRATION
If this is your first run, you need to register your valid email to be able to use KingTrader. Go to the “REGISTRATION” page (https://kingtrader.info/registration), type your valid email address, 6 characters and click on the “REGISTER” button. We will send you an email with confirmation of successful registration. Now you can go back to the application.
LOGGING IN
Pre-Login screen
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1. Login method – Choose login method between Built-In and Secure Browser methods. Built-In form is the simplest method and it will allow users to login by using only Betfair username and password. If you have 2 Step Authentication enabled, simply add the authentication code to the end of your password with no space between them. Secure Browser form will manage any additional information required at login, depending upon a customer’s account (such as 2 Step Authentication or National Identifiers).
2. Registered email – Type your KingTrader registered email into KingTrader Registered Email field.
3. Mode – To try KingTrader without risking any money, tick the Practice mode checkbox. To login to the Real mode, leave the Practice mode box unchecked.
4. Exchange – If you are Romanian or Swedish resident, please choose your corresponding Exchange to be able to login from your country. All other users should leave default International Exchange.
5. OK button – Click OK button to proceed to the Login screen.
Login screen
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6. Credentials – Now you will be prompted to enter your Betfair username and password.
7. Remember username – If you are using Built -In form and you want KingTrader to remember your username, tick the checkbox next to the Betfair username text field.
8. Back button – To go back to the Pre-Login screen click on the Back button icon.
9 .LOGIN button – Enter your username, password and click on the LOGIN button. For security reasons we do not know or store your Betfair password. We will NEVER ask for your Betfair password. Never send it in an e-mail to anyone.
10. Can’t login? – If you have any difficulties with logging, click on the question mark icon to check for common solutions. If you still can’t log in, please contact KingTrader Support (https://kingtrader.info/contact)
SUBSCRIPTION
To be able to purchase KingTrader you need to register your valid email address. If this is your first time using KingTrader you will receive 15-day free trial period. When your free trial period ends, you can keep on using KingTrader by subscribing to one of our subscription plans. At the moment, subscriptions can be made by using PayPal payments or card payments via PayPal. Manual payments can be made by Cryptocurrency or another online payment services, on request. To pay with Cryptocurrency or another online payment service, please CONTACT US. NOTE: PayPal card payments are sometimes disabled by PayPal, but if your card can be used for international payments, you can open PayPal account, add your card to PayPal, verify your card and complete the payment in a few minutes.
When you pick subscription plan that suits you, simply enter you KingTrader Registered Email within subscription plan you picked and click on the SUBSCRIBE button. NOTE: All subscriptions are recurring. Subscriptions can be ended at any time, simply cancel before your next billing period.
If your KingTrader Registered Email address does not match any KingTrader registered email in our record, the message will pop out saying that you need to register your email to receive 15-day free trial. This means that this is your first time using KingTrader, either you didn’t enter your KingTrader Registered Email address correctly. If you already registered your email address and you used KingTrader software, but forgot your KingTrader Registered Email address, you can open KingTrader software and check if your email address is still written within Pre-Login screen. Also, you can check your emails and search for confirmation email that we sent when you were registering. Confirmation email is sent from our email: registration@kingtrader.info
If your KingTrader Registered Email has been registered and your trial period or license period is still active, the message will pop out displaying the date when your trial or license will expire. If you proceed and finish the payment, your remaining active period will be cancelled and your new license period will be as it is stated in subscription plan that you chose. So, if your trial or license period is still active do not proceed with payment, because you will lose your currently remaining period, rather wait until it expires and then make a new payment.
If your KingTrader Registered Email has been registered, but your trial period or license period had been ended, you will be redirected to the page where you can choose your payment method and proceed with a payment.
HOME TAB
1. Our website – Click on the button to find out everything about KingTrader software.
2. User Manual – Click on USER MANUAL button and you will be redirected to our website where you can see complete KingTrader User manual.
3. Forum – Click here to visit KingTrader Forum where you can talk to the community, ask questions, find out what is new in KingTrader software, etc.
4. Subscription – Click to visit our subscription page where you can get a license for KingTrader software.
5. Contact us – If you want to send message or screenshot you can click here and you will be redirected to contact page on our website.
6. Next update list – Contains a list of features and tools that will be implemented in the next KingTrader version.
7. KingTrader roadmap list – Current list of all planned features and tools that will be implemented in all future KingTrader versions.
OVERVIEW
1. Settings – Click to open and set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, cell dimensions, etc. If you want to know more about all Settings go to chapter 3.Settings,Panels,Tabs: Settings.
2. Help – Contains User manual, Contact and About KingTrader. Click on User manual to open our website where you can find manual guide for everything that KingTrader software offers. Click on Contact and you will be redirected to our website, where you can send us a message.
3. Left tabs – Contains Menu tab, Bets tab, Favourite tab, Ladder tab and Tools tab. Within Menu tab you can find all events/markets that Betfair currently offers. Bets tab contains all your bets from currently monitoring market. Favourite tab contains your favourite events/markets that you transferred from Menu tab. Ladder tab contains all selections from currently monitoring market, and here you can choose which selections you want to monitor in V-Ladder or H-Ladder interface. Under Tools tab there are a few tools that can help you and make your trading easier. If you want to know more about Left tabs go to chapter 3.Settings,Panels,Tabs: Left tabs.
4. Event/Market panel – Contains all information about currently monitoring market like event and market name, market status (active,suspended,closed), market scheduled start time, etc. If you want to know more about Event/Market panel go to chapter 3.Settings,Panels,Tabs: Event/Market panel.
5. Market data – Market data area contains all market selections, prices and money for each market selection and information about selections like profit/loss, last traded price, etc. If you want to know more about Market data go to chapter 4.Interfaces: Interface/Market data.
6. Interfaces – You can monitor market in 5 different interfaces, V-Ladder, Grid, H-Ladder, Dutching, Bookmaking. Every interface displays market information, prices, money and manage bets in its own way. Click on interface that you prefer or set default interface in Settings/Miscellaneous tab. If you want to know more about Interfaces go to chapter 4.Interfaces.
7. Account panel – Contains information about your account like your username, balance, and API figure – the speed of communication with Betfair. If you want to know more about Account panel go to chapter 3.Settings,Panels,Tabs: Account panel.
SETTINGS
Set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, Ladder cell dimensions, etc.
Stakes
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Here you can set your default buttons (stake and liability) and their values. Click on the button to change the button value.
These buttons appear in three interfaces, Grid (within Place bet window), V-Ladder (under the selection prices) and H-Ladder (next to selection prices).
Refresh rates
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1. Refresh intervals – By setting refresh intervals you choose how fast you want KingTrader to refresh and update market odds, matched/unmatched bets and the profit/loss figure. This means that KingTrader checks Betfair’s servers for the most up to date data, the fastest refresh possible is 200ms or 0.2s. Best option is to set the same values for all. Market data are market prices, money at each price, last traded price, total market matched and selection matched amount. Matched and unmatched bets are all placed bets on currently monitoring market. Profit/Loss is the sum of all matched bets on currently monitoring market selections.
2. Display API – Here you can set the limit values for API figure, so if something goes wrong in communication between you and Betfair, API figure will be painted in orange or red.
Miscellaneous
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Close market tab with middle-click – As usual, you can close market tab by clicking on Close button or you can check this box and close market with mouse middle click.
Remember manual stake – This option is applicable only within Grid interface and Place bet window. If you are using Ladder or H-Ladder interface, manually entered stake is always remembered. If you check this box, the stake that is manually entered in the “stake” field, will be remembered and will be setted as default. If you don’t check the box, default stake will be the one you choose among stake buttons. Default stake button will be painted.
Fonts and Control size – Here you can choose KingTrader objects resolution. Big resoltion is good for bigger screens with higher resolution, small resolution is good for smaller screens like laptop screen, with lower resolution. Of course, you can have big screen, but use small resolution, or laptop but use big resolution.
screen resolution: 1920 x 1080 , Font and Control size: Big
screen resolution: 1920 x 1080 , Font and Control size: Small
screen resolution(laptop): 1366 x 768 , Font and Control size: Small
screen resolution(laptop): 1366 x 768 , Font and Control size: Big
Default interface – If you primarily use one specific interface, you can set here that every new opened market is displayed in that specific interface by default, no need to switch every time you open a new market.
Place Bet window position – If you choose “Just above or bellow runner row”, the Place bet window will appear just under the selection prices, or if you choose “Windows Cascade”, Place bet windows will appear in default positions, but primarily next to Left tabs.
Price/Volume, Traded – There is a Graph icon next to every selection name. By clicking on Graph icon, information that you set here will be shown, Price/Volume graph, Traded volume or both. Also you can set refresh interval for these data.
1. Selection – Selection name
2. Chart – Price/Volume chart has matched price listed on the vertical axis, and time on the horizontal. It allows you to see price movements and traded volume through time, since market becomes active.
3. Traded amount – Traded volume shows the selection’s total traded amount at each price.
4. Pin button – Pin the window to stay on top
5. Chart/Traded checkbox – Check/uncheck the box to see Price/Volume, Traded or both
6. Auto refresh button – Set the refresh interval for Price/Volume and Traded
7. Manual refresh button – Click to manually refresh Price/Volume and Traded
Sounds
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Choose which sounds should play to notify you about critical events. To test how audio alert sounds like just click on the play button.
10 second warning before the scheduled start time – The sound will notify you that event should start in 10 seconds. Sound applies only on the currently monitoring market
When the market turns in-play – Sometimes events do not start exactly at scheduled time, but this sound will play when event actually starts in real time. Sound applies only on the currently monitoring market.
When a bet is matched – When you place a bet, it could be matched immediately after bet delay or later. Nevertheless, when bet becomes matched or its part, the sound will play. Sound applies only on the currently monitoring market.
When the market is suspended – During critical occasions Betfair suspend the market. During suspend status you can’t place a new bet, it will be denied. When market status becomes suspended, alert sound will play. Sound applies only on the currently monitoring market.
When the bet is not placed – When you place a bet and Betfair does not accept it, the sound will play. This can happen if you don’t have enough funds on your account or during market’s suspended status. Sound applies only on currently monitoring market.
When API goes over – Here you can set the limit for API figure. API figure shows the speed of communication between you and Betfair in milliseconds. If this speed hits the setted value, the software will play a warning sound. This means that something is wrong with communication between you and Betfair.
Metadata
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Metadata – Useful information related to a horse or a jockey. If Metadata are available, click on the letter M (metadata) that is shown next to selection name and you will see information that you have chosen in Settings/Metadata.
Ladder
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In Ladder settings you can choose which ladder rotation you want to use, ladder movements, and ladder cell dimensions.
1. Ladder Rotation – There are 3 types of rotation. The difference between these 3 types is that in every rotation, back/lay columns and bets are in a different position. Placing a bet is the same in all rotations, meaning that you must click on the purple cell to place a back bet or on the pink cell to place a lay bet. Also, offered bets to back are always displayed bellow offered bets to lay, because offered bets to back are always at lower prices than offered bets to lay.
Rotation None – This is the most common ladder rotation. Exchange lay bets are in pink cells, exchange back bets are in purple cells.
Rotation 1 – Similar to Rotation None, but with back column on the left, and lay column on the right side. Exchange lay bets are in pink cells, exchange back bets are in purple cells.
Rotation 2 – This rotation is similar to Grid interface. Prices are displayed vertically and exchange lay bets are in purple cells, and exchange back bets are in pink cells.
2. Ladder Mouse Scroll – There are 3 different types of ladder movements.
Always center – This option keeps the current prices in the centre. This can increase the risk of clicking on an unwanted price, because the prices are constantly moving, but it is a good way to buy the best available price, especially when the market is full and there is no available prices between the best back and the best lay price.
Manual – This option allows you to move the ladder up and down with mouse scroll wheel and after you release the wheel or leave the selection’s ladder area, the ladder will stay fixed.
Auto centre – This is similar to manual option, you can move the ladder with your mouse wheel, but when you move the mouse off the selection’s ladder, the ladder will be automatically centered with the best available prices in the centre.
3. V-Ladder Cell Dimensions – This feature allows you to change V-Ladder cell dimensions so you can control the number of visible prices in V-Ladder interfaces. If you move the slider to the left, the cell dimensions will decrease and you will see a greater range of ladder prices, but if you move it to the right, the cell dimension will increase and you will see a smaller range of ladder prices.
If you want to know more about Ladder go to chapter 4.Interfaces: V-Ladder and H-Ladder.
Bets
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1. What if – It is a sum of current profit/loss and profit/loss of a potential bet, as if potential bet is already matched. What if figure is always shown next to the current profit/loss.
In Grid interface, what if figure will appear once you open a Place bet window. The software will calculate the potential bet profit/loss using stake and price that are entered in the Place bet window. If you change price, stake or side within Place bet window, what if figure will immediately apply changes into the calculation.
In V-Ladder and H-Ladder interface, what if figure will appear when your mouse arrow is pointing to a bet cell that is colored in back or lay color. Depending on cell color, price that is next to colored cell and default stake, app will calculate the what if figure.
2. Show bets tab after bet placement – If you suddenly place a bet, but Bets tab on the left that contains all your bets is not active, the software will activate Bets tab, so you can monitor your bet immediately after placement. This feature is good if you are placing a bet on currently monitoring market, but if you are placing a bet on market that you are not monitoring, but you want to check you bet immediately after placement, you should check the “Place bet activates market tab of that bet” box, too.
3. Place bet activates market tab of that bet – If you open a Place bet window within one market, but currently monitoring another market and suddenly decide to submit the Place bet window , but forgot the market name, the software will switch to the corresponding market tab, so you can immediately check your bet.
4. Matched controls display – This feature allows you to arrange and display your matched bets in 4 different ways, AveragePrice, AveragePriceRunnerSort,AllAverage and AllBets.
a) AveragePrice will show the whole stake that is matched and average matched price. Bets are arranged by time, the latest bet is on the top.
b) Like AveragePrice, this option shows matched stake and average price, but AveragePriceRunnerSort option also sorts bets by selection, the latest matched selection is on the top. Bets within selection are sorted by time, the latest bet within selection is on the top. Also, the latest bet moves latest matched selection on the top.
c) AllAverage shows the average sum and the average price for all your back bets and do the same for all your lay bets.
d) If you place a larger bet, there is a high possibility that this large bet contains many small bets that are individually matched with opposite bets from other Betfair users . AllBets option shows all these smaller bets separately, with the exact matched price and stake for every small bet. Also, you can choose to sort all smaller bets by highest matched price or highest matched stake.
If you want to know more about bets, go to chapter 5.Bets management.
Tools
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Within Tools tab in Settings you can choose your default active tools. If you check the tool’s box, that means that the tool will be active on every new market you open. When you open a new market you will see under Tools tab on the left, that this tool is active. Be careful with this if you don’t use the particular tool on every market. Also, you should be careful if you check more then one tool. They should work together successfully, but they are not designed to work simultaneously. If you want to know more about tools, go to chapter 6.Tools.
LEFT TABS
Contains Menu tab, Bets tab, Favourites tab, Ladder tab and Tools tab. Within Menu tab you can find all events/markets that Betfair currently offers. Bets tab contains all your matched and unmatched bets for currently monitoring market. Favourites tab contains your favourite events/markets that you marked as favourite in Menu tab. Ladder tab contains all selections from the market, and here you can choose which selections you want to monitor if you use V-Ladder or H-Ladder. Under Tools tab there are a few tools that can make your trading easier.
Menu tab
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Menu tab contains all markets sorted by sports,competitions, fixtures and events. You can find your markets manually or you can use Filter parameters. If you placed some bets, but can’t remember on which events or markets, you can locate them by using Active Bets tab.
When you login, KingTrader will download from Betfair server the latest list of events/markets available for betting.
All tab
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The latest download list will be displayed in Menu /All tab. You can refresh the list manually, by clicking Refresh menu button at the bottom of the Menu/All tab. If you don’t refresh it manually, the list will refresh automatically every 1 hour.
Within Menu/All tab you can browse manually through Sports, Competitions and Events to find markets that you want to monitor. Also, you can transfer any Sport, Competition or Event to Favourites tab by selecting it and clicking on Add to favourites button at the bottom of the Menu/All tab, or you can right-click on Sport, Competition or Event and left-click on Add to favourites to transfer your favourite to Favourite tab.
Filter
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Filter tab allows you to find your events and markets in the Menu list faster than if you manually browse through the Menu. You just need to set the parameters and click on Search button. When Filter searches through the Menu it considers all setted parameters, and shows only event/markets that coincide with all setted parameters.
1. Text search – Text search field allows you to restrict your filter search only to particular events and markets that are related to sport, competition, event, team, or player by typing sport name, competition name, event name, team name or player name.
2. Countries – Countries drop-down list allows you to restrict your filter search only to events and markets that are occurring or will occur in checked countries
3. Sports – Sports drop-down list allows you to restrict your filter search only to checked sports
4. Market types – Market types drop-down list allows you to restrict your filter search only to checked market types. If you previously checked Sport/Sports in Sports drop-down list, Market types drop-down list will show only market types related to checked Sport/Sports.
5. Market sort – Market sort allows you to sort events and markets by traded volume, available money or start time. Event and market that will be shown on the top of the filter search are event and market that have maximum/minimum Traded amount or maximum/minimum Available money, or will be the First/Last to start.
Maximum Traded events and markets are events and markets that have the highest total matched amount. Minimum Traded events and markets are events and markets that have the lowest total matched amount.
Maximum Available events and markets are events and markets that have the highest available money for betting. Minimum Available events and markets are events and markets that have the lowest available money for betting.
6. Market/event status – Event/market status allows you to restrict your filter search to events/markets that currently have status: not going in-play and/or going in-play and/or in-play.
If you check In-play box, filter search result will include events and markets that already has been started and are available for in-play betting. If you check Going in-play box, filter search result will include events and markets that are not started yet, but will be available for in-play betting once they started. If you check Not going in-play box, filter search result will include events and markets that are not started and will not be available for in-play betting.
Also, you can combine these three statuses in any way, and check two or three boxes. This way you can restrict your search, for example to in-play and going in-play events and markets, not only to in-play, or only to going in-play.
7. Time range – Start range allows you to restrict your filter search only to events and markets that will start in certain hours/days and/or events and markets that has been started before certain hours/days.
When you set your parameters click Search button to see your filter search results. There will be two main results, Filtered Events and Filtered Markets. Filtered Markets result contains only markets that satisfy all search parameters. Filtered Events contains all events that are related to markets from Markets result, but events in Filtered Markets are shown with all its markets. So, if Filtered Markets result contains at least one market from an event, that event will be shown in Filtered Events with all its markets.
If you want to transfer some filter results to Favourites tab, first you need to check the boxes. Then click on Add to favourites button at the bottom of the Filter tab or right-click anywhere within Filter tab and click Add to favourite. After filter results are shown and if you want to use Filter again just click on Back to filter button at the bottom of the Filter tab.
If you often use the same filter parameters, you can save and load them next time you want to use Filter feature, so you don’t need to set them every time. Once you set your filter parameters,click Search button and click on Save filter parameters at the bottom of the Filter tab, set filter name and click OK. Click Back to filter button and check your saved parameters by clicking on Saved filters button at the bottom of the Filter tab. To load filter parameters just double-click anywhere on saved filter and all fields will be filled automatically. If you want to delete saved filter, just click on basket icon next to saved filter.
Active Bets
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If you placed some bets and you want to find these markets without browsing through menu, or you just can’t remember on which events or markets you placed your bets, you can find and open these markets by using Active Bets tab.
You can restrict your search only to matched or unmatched bets. Also, you can restrict your search only to a specific sport. When you find your market just click on it to open.
Bets tab
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Bets tab contains all your matched and unmatched bets from currently monitoring market.
1. Unmatched bets – Unmatched bets are displaying in the upper part of Bets tab. Unmatched bets are sorted by time, last unmatched bet is on the top. Within unmatched bet you can cancel bet or update it by changing bet price or stake. After you change price or stake, or both, you need to click Subm button to update the bet. The K latter is “Keep the bet” option. If you click on it, you will change bet persistence if market becomes suspended. Next to K letter is the number that represents the sum of all unmatched bets that are placed before your bet is placed at this selection. If you want to know more about unmatched bets, go to chapter 5.Bets management.
2. Matched bets – Matched bets are displaying in the lower part of Bets tab. Matched bets are sorted by time, last matched bet is on the top. You can arrange and display your matched bets in 4 different ways, AveragePrice, AveragePriceRunnerSort,AllAverage and AllBets. To change the way of displaying, you should go to Settings/Bets tab. If you want to know more about matched bets, go to chapter 5.Bets management.
Favourites tab
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Favourites tab contains your favourite events/markets that you marked as favourite and transferred from Menu/All tab or a Filter tab.
From Menu/All tab you can transfer sports, competitions, fixtures and events by right-clicking on sport, competition, fixture or event and left-clicking on Add to favourites, or by selecting sport, competition, fixture or event and left-clicking on Add to favourites button at the bottom of the Menu/All tab.
If you want to transfer some filter results to Favourites tab, first you need to check the boxes of those events or markets that you want to transfer. Then left-click on Add to favourites button at the bottom of the Filter tab or right-click anywhere within Filter tab and left-click Add to favourites.
At the bottom of the Ladder tab there are 3 buttons. Refresh menu button will refresh the whole menu and your favourite events and markets. You can remove sports, competitions, fixtures and events from the Favourite tab by selecting them and left-clicking “Remove from favourites” button. Markets within sports, competitions, fixtures and events can not be removed. To remove everything from Favourites tab, click on “Clear all favourites” button.
Ladder tab
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If your currently monitoring market is displayed in V-Ladder or H-Ladder interface, Ladder tab will show a list of all selections for currently monitoring market. Here you can choose which selections you want to monitor in V-Ladder interface. First three selections are displayed by default. If you want to uncheck all checked selections at once, just click on Uncheck all button. When you check selections they will be displayed in the same order as you checked them.
Tools tab
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Under Tools tab there a few tools that can help you while trading. When you open a market in KingTrader, all tools are turned off. To activate the tool for currently monitoring market go to Tools tab and just tick the box next to the tool name. Set whichever tool parameters you want and select runner (selection) to which you want to apply this tool. If you don’t want to use this tool for this market anymore, just untick the box. If you have a particular tool that you use in all markets, you should go to Settings/Tool tab and choose your default active tools. Be careful with this if you don’t use this particular tool on every market. Also, you should be careful if you check more then one tool. They should work together successfully, but they are not designed to work simultaneously. If you want to know more about tools, go to chapter 6.Tools.
MARKET/EVENT PANEL
1. Interfaces – When you open a market, default interface will be the Grid or the one you setted in Settings/Miscellaneous tab. If you want to switch to another interface just click on interface your prefer. There are V-Ladder, Grid, H-Ladder, Dutching and Bookmaking interfaces. If you want to know more about interfaces go to chapter 4.Interfaces.
2. Market current status – There are three possible market statuses, active, suspended or closed. If nothing is written in this area, market status is active. In other two cases you will clearly see it written, if status is suspended or closed. Suspended means that bets are not accepted during the market suspended status, until market status becomes active again. Closed status means that market is closed for betting and will not be available again.
3. Logout – If you want to exit KingTrader, click on Logout button.
4. Scheduled date and time – Date and time when event should start.
5. In-play status and time – Before event starts, in-play status describes the future status of the market and how much time is left until event’s scheduled start time. If in-play status is “going in-play”, it means that this market is currently available for betting and will be available for live betting. If in-play status is “not going in-play”, it means that this market is available for betting only before event starts, but not after event starts. If event has been started and it was planned to “go in-play”, in-play status will be “in-play”, and there will the time that is passed since scheduled start time. If you monitored the market when it turned in-play, then in-play time will show the exact time since event started, not since scheduled time.
6. Event and Market names – Market event name and market name that you currently monitor.
7. TV icon – If Event/Market Panel displays TV icon, it means that you can watch Live Betfair Video for this event. TV icon will be shown on every market from this event. Please note that TV icon will be shown only if Betfair allows Live Video of this event for you country. Check available events and countries here (https://support.betfair.com/app/answers/detail/a_id/420/c/483/). Also, there can be some events where you need to place a minimum bet to be able to watch it. Check minimum bets here(https://en-betfair.custhelp.com/app/answers/detail/a_id/6251/~/how-much-do-i-need-to-bet-to-watch-live-video%3F)
8. Progress bar – A progress bar is a graphical visualization of race/event progression. We calculated the average duration of race that mostly depends on track length. If you currently monitor race market, the Progress bar will start filling as soon as race starts in real time. If you open a race market and race has been started, Progress bar will start filling from the beginning, regardless of actual elapsed time.
ACCOUNT PANEL
1. Username – Your Betfair username. If you wish to hide it just click on username icon.
2. API figure – API figure represents the speed of communication between you and Betfair in milliseconds. We measure the entire round-trip from forming the request to Betfair, making the call, and decoding the response for market data. If something is wrong in this communication, the API figure can play a warring sound and can be painted in orange or red. Please check “Settings/Refresh rates” tab and “Setting/Sounds” tab to set API limit values.
3. Balance – Your account balance. After every bet you place, your balance will refresh automatically, but also you can refresh it manually by clicking on the balance amount. If you wish to hide your balance just click on the wallet icon.
Chapter 4.
INTERFACES
In this chapter we will go through all interfaces, Grid, V-Ladder, H-Ladder, Dutching and Bookmaking. We will explain every detail and every information that you see in each interface. Also, how to manage your matched and unmatched bets, how to place a bet in each interface, how to cancel or update the bet. What is hedging, what is dutching and much more.
The Grid
The Grid displays the market in a horizontal format and looks just like it does on the Betfair website. There is four prices on either side, four back prices and four lay prices. The Betfair website has just three.
Market data
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1. Name – Selection name
2. Price&money buttons – Best four prices on each side(back and lay). Big number is price, small number underneath price is available money for that price.
3. Available prices to back – These are 4 best prices that are available to back. If you place a back bet with price that is lower then best available back price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc., until your bet reaches the price that you setted in place bet window. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
4. Available prices to lay – These are 4 best prices that are available to lay. If you place a lay bet with price that is higher then best available lay price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc. until your bet reaches the price that you setted in the Place bet window. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
5. Market percentage book – This means that there is an over-round on the back side by (BP-100)% and the lay side by (100-LP)%. An easier way to explain this is that on the backing side anything over 100% is the amount you would lose if you back every selection and on the laying side everything under 100% is the amount you would lose if you lay every selection.
6. Selection Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at. There is a LTP for every selection in the market. If LTP is painted in yellow, it means that LTP is the same as price traded before LTP. If LTP is painted in red it means that LTP is lower than price traded before LTP. If LTP is painted in green it means that LTP is higher than price traded before LTP.
7. Selection total matched – Represents total amount of money matched on this selection.
8. Market total matched – Represents total amount of money that is matched on all selections in this market.
9. Price/Volume graph and Traded volume – There is a Graph icon next to every selection. By clicking on the Graph icon information that you choose will be shown, Price/Volume graph, Traded volume or both. Also you can set refresh interval for these data. Price/Volume chart has price listed on the vertical axis, and time on the bottom. It allows you to see price movements and Traded volume since market becomes active. Traded volume shows the total traded amount for each price on that selection.
10. Metadata – Useful information that is related to a selected horse runner. If Metadata are available for the race, click on the letter M (metadata), that is shown next to selection name and you will see information that you have chosen in settings.
11. Silk – The colour of the jockey silk.
12. Profit/Loss – Each selection is displayed along with the current profit and loss underneath each selection name. Profit/Loss respresents calculation of all matched bets. As you place orders in the market you will see your potential profit or loss on each selection if that selection goes on to win. If you want to know more about bets, go to chapter 5.Bets management.
13. Place bet window – To be able to place a bet on a selection you need to open Place bet window by clicking on any price&money button that is in line with that selection. Place bet window contains selection info, best three back and lay prices, keep the bet and link bet options, stake/liab and odds fields, stake/liab buttons, lms button, net button, stake/liability switch button and bet submit button. If you want to know more about bets, go to chapter 5.Bets management.
14. Place bet window side – When you open a place bet window you will see its side written and window painted in colour. Back side is purple, lay is pink. You can change side by left or right clicking on price&money buttons within place bet window. If you want to know more about bets, go to chapter 5.Bets management.
15. Stake/liab field – Stake/liab field contains your stake/liability amount that you need to set before you submit a bet. You can enter it manually or by clicking on stake/liab amount buttons. If you want to know more about bets, go to chapter 5.Bets management.
16. Odds field – This field contains your bet price that you need to set before you submit a bet. You can enter it manually, by clicking on price&money buttons, or by scrolling your mouse wheel. If you want to know more about bets, go to chapter 5.Bets management.
17. Stake/liab amount buttons – These buttons are for quick stake/liab amount changing. If you wish to change your stake/liab amount just click on stake/liab amount button and that amount will be automatically entered in stake/liab field. If you click on a button, it will become your default stake/liab amount for this selection. To set values for all buttons go to Settings/Stakes tab. If you want to know more about bets, go to chapter 5.Bets management.
18. Keep the bet – If you check this box and submit a bet, your bet will not be cancelled if market becomes suspended. It means that after market turns in-play or critical event occurs your bet will stay unmatched. If you want to know more about bets, go to chapter 5.Bets management.
19. Link bet – If you want to place two or more bets with a single click, just check this box on every place bet window that you want to submit. Then click on submit button on any place bet window with checked Link bet option to place all bets at once. Linking bets is currently possible only within one market, it is not possible to link bets from different markets. If you want to know more about bets, go to chapter 5.Bets management.
20. Place bet window information – Place bet window contains information about selection like selection event name, selection name, current selection profit/loss figure, selection last trader price and selection total matched amount. If you want to know more about bets, go to chapter 5.Bets management.
21. Stake/Liability switch button – By clicking on this button you switch default buttons between stake and liability.If you want to know more about bets, go to chapter 5.Bets management.
22. LMS button – Everytime you place a bet LMS button will show the value of your last matched stake. If you click on the LMS button this value will become your default stake size, but only for the next bet. After your next bet, default stake will be as before you click on the LMS button. If you want to know more about bets, go to chapter 5.Bets management.
23. NET button – NET button calculates difference between all back and all lay matched bets or viceversa on a particular selection. Selecting the NET button makes that value the stake size only for your next bet submission. After your next bet, default stake will be as before you click on the NET button. If you want to know more about bets, go to chapter 5.Bets management.
24. What if – If you are using the Grid interface What if figure will be shown when you open the Place bet window. It is a sum of current profit or loss, and the current stake and price that are set in the Place bet window as if it is already submitted and bet is matched.If you want to know more about bets, go to chapter 5.Bets management.
25. Placing a bet – To place a bet in Grid interface you should open a place bet window by clicking on any back or lay price&money button, and once you set your side, stake/liab value and price, click on the Submit button to place a bet.If you want to know more about bets, go to chapter 5.Bets management.
26. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
27. Stall draw and Saddlecloth number – Refers to the stall a horse will start the race from. Saddle cloth number refers to the number on blankets, pads inserted under a saddle.
28. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
29. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
Settings, panels, tabs
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30. Currently monitoring event and market – Names of currently monitoring market and event. If you point with your mouse on the tab you will see the whole market and event names.
31.Event/Market Panel – All market and event information like event and market names, current market status(active,suspended,closed), scheduled start time, In-play status and time, TV icon and Interfaces. If you wnat to know more about Market information go to chapter 3.Settings, Panels, Tabs: Event/Market Panel.
32.Left tabs – There are Menu, Bets, Favourites, Ladder and Tools tab. Menu tab contains all current events and markets available for betting. Bets tab contains all your matched and unmatched bets for currently monitoring market. Favourites tab contains all your favourite events and markets that you transferred from Menu tab. Ladder tab contains a list of all selections for currenlty monitoring market. Here you can choose which selections you want to monitor in V-Ladder and H-Ladder interface. Tools tab contains a list of all tools. If you want to use a particular tool for currenlty monitoring market, you just need to check the box next to the tool name. If you want to know more about Left tabs go to chapter 3.Settings,Panels,Tabs:Left tabs
33.Account panel – Contains account information like your username, your current money balance and API figure that represents the speed of communication between you and Betfair server. If you want to know more about Account information go to chapter 3.Settings,Panels,Tabs: Account panel.
34. Settings – Set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, cell dimensions, etc. If you want to know more about Settings go to chapter 3.Settings,Panels,Tabs: Settings
V-LADDER
The V-Ladder interface allows you to view all available odds on a specific selection. Displaying market in a vertical format, making it much easier to see when a selection prices are moving up or down. Before you start using the V-Ladder interface you should find ladder rotation and price movements under Settings/Ladder tab and set them as they suit you.
Market data
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1. Name – Selection name
2. Prices and money available – Central column contains prices. On the left and right side of the central column there are two columns that contain available money on that selection.
3. Available prices to back – Prices and money available to back are always displayed on the lower ladder part,regardless of Ladder Rotation that you choose. If you place a back bet with price that is lower then best available back price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc., until your bet reaches the price that you setted in place bet window. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
4. Available prices to lay – Prices and money available to lay are always displayed on the upper ladder part, regardless of Ladder Rotation that you choose. If you place a lay bet with price that is higher then best available lay price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc. until your bet reaches the price that you setted in the Place bet window. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
5. Selection percentages – These percentages display the liability proportion between back and lay money weight, of total 100% available money on this selection.
6. Selection Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at. There is a LTP for every selection in the market. If LTP is painted in yellow, it means that LTP is the same as price traded before LTP. If LTP is painted in red it means that LTP is lower than price traded before LTP. If LTP is painted in green it means that LTP is higher than price traded before LTP.
7. Selection total matched – Represents total amount of money matched on this selection.
8. Market total matched – Represents total amount of money that is matched on all selections in this market.
9. Price/Volume graph and Traded volume – There is a Graph icon next to every selection. By clicking on the Graph icon information that you choose will be shown, Price/Volume graph, Traded volume or both. Also you can set refresh interval for these data. Price/Volume chart has price listed on the vertical axis, and time on the bottom. It allows you to see price movements and Traded volume since market becomes active. Traded volume shows the total traded amount for each price on that selection.
10.Traded on price – This is a volume of money that is traded on each price. Amounts are written in the thousands.
11. Metadata – Useful information that is related to a particular horse. If Metadata are available for the race, click on the letter M (metadata), that is shown next to selection name and you will see information that you have chosen in settings.
12. Silk – The colour of the jockey silk.
13. Stall draw and Saddlecloth number – Refers to the stall a horse will start the race from. Saddle cloth number refers to the number on blankets, pads inserted under a saddle.
14. Candlestick – Candlesticks give you an indication of which way the price is moving. It is very good visual guide to how price has moved. Each time there is a bet placed, there is another candlestic that goes in, unless two or more bets in a row are placed at the same price. Also if you stand over the candlestick with your mouse pointer, a message cloud will appear containing amount of money that is matched in a last bet or bets if two or more bets in a row are placed at the same price.
15. Profit/Loss – Each selection is displayed along with the current profit and loss underneath each selection name. Profit/Loss respresents calculation of all matched bets. As you place orders in the market you will see your potential profit or loss on each selection if that selection goes on to win. If you want to know more about bets, go to chapter 5.Bets management.
16. Stake/liab field – Stake/liab field contains your stake/liability amount that you need to set before you submit a bet. You can enter it manually or by clicking on stake/liab amount buttons. If you want to know more about bets, go to chapter 5.Bets management.
17. Stake/liab amount buttons – These buttons are for quick stake/liab amount changing. If you wish to change your stake/liab amount just click on stake/liab amount button and that amount will be automatically entered in stake/liab field. If you click on a button, it will become your defult stake/liab amount for this selection. To set values for all buttons go to Settings/Stakes tab. If you want to know more about bets, go to chapter 5.Bets management.
18. Stake/Liability switch button – By clicking on this button you switch default buttons between stake and liability.If you want to know more about bets, go to chapter 5.Bets management.
19. LMS button – Everytime you place a bet LMS button will show the value of your last matched stake. If you click on the LMS button this value will become your default stake size, but only for the next bet. After your next bet, default stake will be as before you click on the LMS button. If you want to know more about bets, go to chapter 5.Bets management.
20. NET button – NET button calculates difference between all back and all lay matched bets or viceversa. Selecting the NET button makes that value the stake size only for your next bet submission. After your next bet, default stake will be as before you click on the NET button. If you want to know more about bets, go to chapter 5.Bets management.
21. Cancel all unmatched bets – Click and cancel all unmatched bets on this selection.
22. What if – When you point with your mouse arrow on a painted cell that is used for bet placement, What if figure will appear. It is a sum of current profit or loss and potential profit or loss as if you already clicked on painted cell and your bet is matched. Potential bet is calculated by using default stake and the price that is next to the painted cell. If you want to know more about bets, go to chapter 5.Bets management.
23. Placing a bet – To place a bet in the V-Ladder interface you should click on the painted cell. Before you place a bet, set your stake/liab amount that lies next to default stake buttons. To place a back/lay bet click on purple/pink cell next to the price you want to bet on. Your side(back or lay) is defined with cell colour(purple is back, pink is lay).
24. Matched and Unmatched bets – Whichever interface you use Bets tab on the left will show all matched and unmatched bets from the currently monitoring market. If you are using the V-Ladder interface you also will see matched and unmatched bets at the bottom of the selection’s ladder. Those bets are not all market bets, they are related only to selection above.
25. Hedge cells – White columns allows you to hedge your bets at any moment. It means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match. When you click on white cell software calculates all bets on related selection and hedge using price that is next to white cell that you clicked on.
26.Dutch all buttons – When you click on any Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at that moment. It doesn’t matter which one Dutch All button you click on. Clicking on Dutch all button is like you clicked on all hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
Settings, panels, tabs
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27. Currently monitoring event and market – Names of currently monitoring market and event. If you point with your mouse on the tab you will see the whole market and event names.
28. Event/Market Panel – All market and event information like event and market names, current market status(active,suspended,closed), scheduled start time, In-play status and time, TV icon and Interfaces. If you wnat to know more about Market information go to chapter 3.Settings, Panels, Tabs: Event/Market Panel.
29. Left tabs – There are Menu, Bets, Favourites, Ladder and Tools tab. Menu tab contains all current events and markets available for betting. Bets tab contains all your matched and unmatched bets for currently monitoring market. Favourites tab contains all your favourite events and markets that you transferred from Menu tab. Ladder tab contains a list of all selections for currenlty monitoring market. Here you can choose which selections you want to monitor in V-Ladder and H-Ladder interface. Tools tab contains a list of all tools. If you want to use a particular tool for currenlty monitoring market, you just need to check the box next to the tool name. If you want to know more about Left tabs go to chapter 3.Settings,Panels,Tabs:Left tabs
30. Ladder Left tab – This tab contains a list of all selections for currenlty monitoring market. Here you can choose which selections you want to monitor in V-Ladder interface. First three selections are dispayed by default.
31. Account panel – Contains account information like your username, your current money balance and API figure that represents the speed of communication between you and Betfair server. If you want to know more about Account information go to chapter 3.Settings,Panels,Tabs: Account panel.
32. Settings – Set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, cell dimensions, etc. If you want to know more about Settings go to chapter 3.Settings,Panels,Tabs: Settings
H-LADDER
The H-Ladder interface just like regular Ladder interface allows you to view all available odds on a specific selection and to place a bet in one click. H-Ladder is displaying market in a horizontal format,so it is a combination of Grid and Ladder interfaces. Before you start using the H-Ladder interface you should find ladder rotation and price movements under Settings/Ladder tab and set them as they suit you.
Market data
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1. Name – Selection name
2. Prices and money available – Central horizontal column contains prices. First upper and first lower columns are two columns that contain available money on that selection.
3. Available prices to back – Prices and money available to back are always displayed on the left ladder part,regardless of Ladder Rotation that you choose. If you place a back bet with price that is lower then best available back price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc., until your bet reaches the price that you setted in place bet window. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
4. Available prices to lay – Prices and money available to lay are always displayed on the right ladder part, regardless of Ladder Rotation that you choose. If you place a lay bet with price that is higher then best available lay price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc. until your bet reaches the price that you setted in the Place bet window. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
5. Selection percentages – These percentages display the liability proportion between back and lay money weight, of total 100% available money on this selection.
6. Selection Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at. There is a LTP for every selection in the market. If LTP is painted in yellow, it means that LTP is the same as price traded before LTP. If LTP is painted in red it means that LTP is lower than price traded before LTP. If LTP is painted in green it means that LTP is higher than price traded before LTP.
7. Selection total matched – Represents total amount of money matched on this selection.
8. Market total matched – Represents total amount of money that is matched on all selections in this market.
9. Price/Volume graph and Traded volume – There is a Graph icon next to every selection. By clicking on the Graph icon information that you choose will be shown, Price/Volume graph, Traded volume or both. Also you can set refresh interval for these data. Price/Volume chart has price listed on the vertical axis, and time on the bottom. It allows you to see price movements and Traded volume since market becomes active. Traded volume shows the total traded amount for each price on that selection.
10. Traded on price – This is a volume of money that is traded on each price. Amounts are written in the thousands.
11. Metadata – Useful information that is related to a particular horse. If Metadata are available for the race, click on the letter M (metadata), that is shown next to selection name and you will see information that you have chosen in settings.
12. Silk – The color of the jockey silk.
13. Stall draw and Saddlecloth number – Refers to the stall a horse will start the race from. Saddle cloth number refers to the number on blankets, pads inserted under a saddle.
14. Candlestick – Candlesticks give you an indication of which way the price is moving. It is very good visual guide to how price has moved. Each time there is a bet placed, there is another candlestic that goes in, unless two or more bets in a row are placed at the same price. Also if you stand over the candlestick with your mouse pointer, a message cloud will appear containing amount of money that is matched in a last bet or bets if two or more bets in a row are placed at the same price.
15. Profit/Loss – Each selection is displayed along with the current profit and loss underneath each selection name. Profit/Loss represents calculation of all matched bets. As you place orders in the market you will see your potential profit or loss on each selection if that selection goes on to win. If you want to know more about bets, go to chapter 5.Bets management.
16. Stake/liab field – Stake/liab field contains your stake/liability amount that you need to set before you submit a bet. You can enter it manually or by clicking on stake/liab amount buttons. If you want to know more about bets, go to chapter 5.Bets management.
17. Stake/liab amount buttons – These buttons are for quick stake/liab amount changing. If you wish to change your stake/liab amount just click on stake/liab amount button and that amount will be automatically entered in stake/liab field. If you click on a button, it will become your default stake/liab amount for this selection. To set values for all buttons go to Settings/Stakes tab. If you want to know more about bets, go to chapter 5.Bets management.
18. Stake/Liability switch button – By clicking on this button you switch default buttons between stake and liability.If you want to know more about bets, go to chapter 5.Bets management.
19. LMS button – Every time you place a bet LMS button will show the value of your last matched stake. If you click on the LMS button this value will become your default stake size, but only for the next bet. After your next bet, default stake will be as before you click on the LMS button. If you want to know more about bets, go to chapter 5.Bets management.
20. NET button – NET button calculates difference between all back and all lay matched bets or vice versa. Selecting the NET button makes that value the stake size only for your next bet submission. After your next bet, default stake will be as before you click on the NET button. If you want to know more about bets, go to chapter 5.Bets management.
21. Cancel all unmatched bets – Click and cancel all unmatched bets on this selection.
22. What if – When you point with your mouse arrow on a painted cell that is used for bet placement, What if figure will appear. It is a sum of current profit or loss and potential profit or loss as if you already clicked on painted cell and your bet is matched. Potential bet is calculated by using default stake and the price that is next to the painted cell. If you want to know more about bets, go to chapter 5.Bets management.
23. Placing a bet – To place a bet in the H-Ladder interface you should click on the painted cell. Before you place a bet, set your stake/liab amount that lies next to default stake buttons. To place a back/lay bet click on purple/pink cell next to the price you want to bet on. Your side(back or lay) is defined with cell color (purple is back, pink is lay).
24. Matched and Unmatched bets – Whichever interface you use Bets tab on the left will show all matched and unmatched bets from the currently monitoring market. If you are using the H-Ladder interface you also will see matched and unmatched bets at the bottom of the selection’s ladder. Those bets are not all market bets, they are related only to selection above.
25. Hedge cells – White columns allows you to hedge your bets at any moment. It means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match. When you click on white cell software calculates all bets on related selection and hedge using price that is next to white cell that you clicked on.
26. Dutch all buttons – When you click on any Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at that moment. It doesn’t matter which one Dutch All button you click on. Clicking on Dutch all button is like you clicked on all hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
Settings, panels, tabs
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27. Currently monitoring event and market – Names of currently monitoring market and event. If you point with your mouse on the tab you will see the whole market and event names.
28. Event/Market Panel – All market and event information like event and market names, current market status(active,suspended,closed), scheduled start time, In-play status and time, TV icon and Interfaces. If you want to know more about Market information go to chapter 3.Settings, Panels, Tabs: Event/Market Panel.
29. Left tabs – There are Menu, Bets, Favourites, Ladder and Tools tab. Menu tab contains all current events and markets available for betting. Bets tab contains all your matched and unmatched bets for currently monitoring market. Favourites tab contains all your favourite events and markets that you transferred from Menu tab. Ladder tab contains a list of all selections for currenlty monitoring market. Here you can choose which selections you want to monitor in V-Ladder and H-Ladder interface. Tools tab contains a list of all tools. If you want to use a particular tool for currently monitoring market, you just need to check the box next to the tool name. If you want to know more about Left tabs go to chapter 3.Settings,Panels,Tabs:Left tabs
30. Ladder Left tab – This tab contains a list of all selections for currently monitoring market. Here you can choose which selections you want to monitor in H-Ladder interface. First three selections are displayed by default.
31. Account panel – Contains account information like your username, your current money balance and API figure that represents the speed of communication between you and Betfair server. If you want to know more about Account information go to chapter 3.Settings,Panels,Tabs: Account panel.
32. Settings – Set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, cell dimensions, etc. If you want to know more about Settings go to chapter 3.Settings,Panels,Tabs: Settings
DUTCHING
Dutching interface is for a betting strategy that consists in placing back bets simultaneously in multiple selections, covering the favourite outcomes.The objective is to eliminate the unlikely events and divide the secured profit between all the favourite selections. This strategy allows for a great reduction of risk, since it depends on the most likely to happen.
Market data
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1. Name – Selection name
2. Price&money buttons – Best two prices on each side(back and lay). Big number is price, small number underneath price is available money for that price.
3. Available prices to back – These are two best prices that are available to back. If you place a back bet with price that is lower then best available back price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc., until your bet reaches the price that you setted in selection price column. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
4. Available prices to lay – Two best lay prices are also shown within Dutching interface, but Dutching interface is only for back betting. If you want to place only lay bets, you can use Bookmaking interface.
6. Selection Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at. There is a LTP for every selection in the market. If LTP is painted in yellow, it means that LTP is the same as price traded before LTP. If LTP is painted in red it means that LTP is lower than price traded before LTP. If LTP is painted in green it means that LTP is higher than price traded before LTP.
7. Selection total matched – Represents total amount of money matched on this selection.
8. Market total matched – Represents total amount of money that is matched on all selections in this market.
9. Price/Volume graph and Traded volume – There is a Graph icon next to every selection. By clicking on the Graph icon information that you choose will be shown, Price/Volume graph, Traded volume or both. Also you can set refresh interval for these data. Price/Volume chart has price listed on the vertical axis, and time on the bottom. It allows you to see price movements and Traded volume since market becomes active. Traded volume shows the total traded amount for each price on that selection.
10. Metadata – Useful information that is related to a selected horse runner. If Metadata are available for the race, click on the letter M (metadata), that is shown next to selection name and you will see information that you have chosen in settings.
11. Silk – The color of the jockey silk.
12. Stall draw and Saddlecloth number – Refers to the stall a horse will start the race from. Saddle cloth number refers to the number on blankets, pads inserted under a saddle.
13. Profit/Loss – Each selection is displayed along with the current profit and loss underneath each selection name. Profit/Loss represents calculation of all matched bets. As you place orders in the market you will see your potential profit or loss on each selection if that selection goes on to win. If you want to know more about bets, go to chapter 5.Bets management.
14. Dutching options – Before you start placing bets in Dutching interface you need to choose which Dutching option you want to use. There are 4 different options: Total stake amount, Set Individual Stakes, Set Equal P/L, Set Individual P/L.
15. Ticked selections column – If you check the box, it means that you will place a bet on that selection.
16. Check/Uncheck all selections – With this box you can uncheck all selections if at least one selection is checked. If no selections are checked, with this box you can check all selections.
17. Reset all selections button – If you click on Reset all selections button, all checked selections will become unchecked.
18. Selection price column – These are back prices at which your bets will be placed. To set the price, first check the selection’s box and best available back price will be setted automatically. The software will update your price if it changes, so your bet price will always be the best available back price.
If you want to set 2nd best available back price, so you could be more assured that your bet will be matched, you should click on 2nd best price&money back button. The software will now update your price if it changes, so your bet price will always be the 2nd best available back price.
If you want to get one tick higher price then best available, and hope it will become matched, you should click on best best lay price button. The software will place a back bet, but at one tick higher then best available back price.
If you want to set fixed prices, simply click on pen icon and enter your prices manually. These prices will not be updated regardless of selection’s price movements.
19. Reset all prices button – If you click on Reset all prices button, all prices for checked selections will be reset to current best available back price.
20. Selection stake column – This column shows all individual stakes for all marked selections. Selection stake column will display your stakes automatically if you use all Dutching options except Set Individual Stakes option, where you will need to manually enter your selections stakes into the stake fields that will appear in Selection stake column. For all other Dutching options, Selection stake column will calculate and display your stakes depending on what you set for total stake amount, individual selection’s profit/loss or equal profit/loss.
21. Total stake – Total stake is a sum of all stakes on all marked selections
22. Available money – When you have your prices and stakes setted, a ribbon color and percentage will appear. Percentage number shows what part of your stake at your or higher price is covered with current exchange prices and stakes. If ribbon color is red, it means that less then 50% of your stake should be matched if you place your bet now. If ribbon color is yellow, it means that your stake won’t be matched fully, but will be matched between 50% and 99%. If ribbon is green, it means that your bet should be fully matched if you place your bet now. The percentage of potential matched stake is always displayed in the ribbon. Be aware that prices and offers in exchange can change very fast. The ribbon will calculate the current offer, but can not claim that your bets will be matched as ribbon shows, because offers in exchange can change very fast.
23. Profit/Loss column – This column shows potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically if you use all Dutching options except Set Individual P/L option, where you will need to manually enter your selections profit/loss into the P/L fields that will appear in Profit/Loss column. For all other Dutching options Profit/Loss column will calculate and display your profit/loss depending on what you set for total stake amount, individual stakes or equal profit/loss.
24. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed in the moment of clicking.
25. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available lay price at that moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
26. Dutch All button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available lay prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
27. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
28. Cancel all bets – Click to cancel all unmatched bets on currently displaying market.
Settings,Panels,Tabs
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29. Currently monitoring event and market – Names of currently monitoring market and event. If you point with your mouse on the tab you will see the entire market and event name.
30. Event/Market Panel – All market and event information like event and market names, current market status(active,suspended,closed), scheduled start time, In-play status and time, TV icon and Interfaces. If you wnat to know more about Market information go to chapter 3.Settings, Panels, Tabs: Event/Market Panel.
31. Left tabs – There are Menu, Bets, Favourites, Ladder and Tools tab. Menu tab contains all current events and markets available for betting. Bets tab contains all your matched and unmatched bets for currently monitoring market. Favourites tab contains all your favourite events and markets that you transferred from Menu tab. Ladder tab contains a list of all selections for currently monitoring market. Here you can choose which selections you want to monitor in V-Ladder and H-Ladder interface. Tools tab contains a list of all tools. If you want to use a particular tool for currently monitoring market, simply check the box next to the tool name. If you want to know more about Left tabs go to chapter 3.Settings,Panels,Tabs:Left tabs
32. Account panel – Contains account information like your username, your current money balance and API figure that represents the speed of communication between you and Betfair server. If you want to know more about Account information go to chapter 3.Settings,Panels,Tabs: Account panel.
33. Settings – Set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, cell dimensions, etc. If you want to know more about Settings go to chapter 3.Settings,Panels,Tabs: Settings.
Total Stake amount
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1. Dutching option – Before you start placing bets in Dutching interface you need to tick Total stake amount box.
This Dutching option allows you to back two or more selections in the same event to win the same profit whichever of those selections wins.
The main feature is that you can to set your total stake amount for all marked selections and software will do all the calculations.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available back price will be entered automatically, and it will be updated if price changes, remaining your price to best available back price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. But if you click on 2nd best available back price&money button, so you could be more assured that your bet will be matched, the software will update your bet price to the 2nd best available back price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This prices will not be updated reglardless of selection’s price movements.
4. Total stake – When you choose selections and prices, set your total stake amount by entering this amount in the total stake amount field. When you enter total stake amount,in the Selection stake column you will see individual stakes for each chosen selection. The sum of these stakes is your total stake amount.
5. Selection stake column – This column shows all individual stakes for all marked selections.
6. Ribbons – When you have your prices and stakes setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or higher price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – This column shows your potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically after you pick your selections and set your total stake amount.
8. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on BET button, you can hedge your selections individually by clicking on individual hedge button or hedge them all at once by clicking Dutch All button.
9. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
10. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
11. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
Set Individual Stakes
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1. Dutching option – Before you start placing bets in Dutching interface you need to tick Set individual stake box.
This Dutching option allows you to back two or more selections in the same event by choosing your selections, their prices and stakes.
This options is the same as placing multiple back bets in any other interface, where you need to manually set your selections, prices and stakes.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available back price will be entered automatically, and it will be updated if price changes, remaining your price to best available back price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. But if you click on 2nd best available back price&money button, so you could be more assured that your bet will be matched, the software will update your bet price to the 2nd best available back price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This prices will not be updated regardless of selection’s price movements.
4. Stakes – When you choose selections and prices, set individual stakes for all marked selections by entering them manually in each stake field.
5. Ribbons – When you have your prices and stakes setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or higher price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
6. Potential P/L – P/L column displays your potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically after you pick your selections and set your total stake amount.
7. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on BET button, you can hedge your selections individually by clicking on individual hedge button, or hedge them all at once by clicking Dutch All button.
8. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
9. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
10. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
Set Equal P/L
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1. Dutching option – Before you start placing bets in Dutching interface you need to tick Set Equal P/L box.
This Dutching option allows you to back two or more selections in the same event to win the setted profit whichever of those selections wins.
The main feature is that you can set equal profit for all marked selections and software will calculate individual stakes depending on setted prices and amount entered in Set equal P/L field.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available back price will be entered automatically, and it will be updated if price changes, remaining your price to best available back price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. But if you click on 2nd best available back price&money button, so you could be more assured that your bet will be matched, the software will update your bet price to the 2nd best available back price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This prices will not be updated reglardless of selection’s price movements.
4. Equal P/L – When you choose selections and prices, set your equal profit by entering it manually in the Set Equal P/L field.
5. Stakes – When you enter your equal profit, in the Selection stake column you will see individual stakes for each marked selection. If your equal profit is not possible for marked selections, Selection stake column will show N/A.
6. Ribbons – When you have your prices and stakes setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or higher price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – P/L column displays your potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically after you pick your selections and set your Equal P/L profit.
8. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on the BET button, you can hedge your selections individually by clicking on individual hedge button, or hedge them all at once by clicking Dutch All button.
9. Hedge button – When you click on the Hegde button, the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
10. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
11. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
Set Individual P/L
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1. Dutching option – Before you start placing bets in Dutching interface you need to tick Set Individual P/L box.
This Dutching option allows you to back two or more selections in the same event by setting individual profit/loss for each marked selection.
The main feature is that you can set profit/loss for each selection and software will calculate individual stakes depending on setted prices and amount entered in individual P/L fields.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available back price will be entered automatically, and it will be updated if price changes, remaining your price to best available back price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. But if you click on 2nd best available back price&money button, so you could be more assured that your bet will be matched, the software will update your bet price to the 2nd best available back price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This prices will not be updated regardless of selection’s price movements.
4. Individual P/L – When you choose selections and prices, set individual profit/loss for all marked selections by entering them manually in each P/L field.
5. Stakes – When you enter your profit/loss for all marked selections, in the Selection stake column you will see individual stakes for each marked selection. If your profit/loss is not possible for marked selections, Selection stake column will show N/A.
6. Ribbons – When you have your prices and profits/losses setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or higher price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – When you have setted your prices and profits/losses for marked selections, P/L column will display your potential profit/loss for all selections.
8. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on BET button, you can hedge your selections individually by clicking on individual hedge button, or hedge them all at once by clicking Dutch All button.
9. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
10. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
11. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
BOOKMAKING
Bookmaking interface is for a betting strategy that consists in placing lay bets simultaneously in multiple selections, covering the outsider outcomes. The objective is to focus on selections that probably won’t win and to bet against them. This way you eliminate the unlikely events and divide the secured profit between all other selections. This strategy allows for a great reduction of risk, since it depends on the most likely to happen.
Market data
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1. Name – Selection name
2. Price&money buttons – Best two prices on each side(back and lay). Big number is price, small number underneath price is available money on that price.
3. Available prices to lay – These are two best prices that are available to lay. If you place a lay bet with price that is higher then best available lay price, your bet will be first matched with best available price stake, then if your bet stake if not fully matched your remaining bet stake will be matched with second best price stake, etc., until your bet reaches the price that you setted in selection price column. If your bet stake is still not fully matched, the remaining stake stays unmatched. If you want to know more about bets, go to chapter 5.Bets management.
4. Available prices to back – Two best back prices are also shown within Bookmaking interface, but Bookmaking interface is only for lay betting. If you want to place only lay bets, you can use Dutching interface.
6. Selection Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at. There is a LTP for every selection in the market. If LTP is painted in yellow, it means that LTP is the same as price traded before LTP. If LTP is painted in red it means that LTP is lower than price traded before LTP. If LTP is painted in green it means that LTP is higher than price traded before LTP.
7. Selection total matched – Represents total amount of money matched on this selection.
8. Market total matched – Represents total amount of money that is matched on all selections in this market.
9. Price/Volume graph and Traded volume – There is a Graph icon next to every selection. By clicking on the Graph icon information that you choose will be shown, Price/Volume graph, Traded volume or both. Also you can set refresh interval for these data. Price/Volume chart has price listed on the vertical axis, and time on the bottom. It allows you to see price movements and Traded volume since market becomes active. Traded volume shows the total traded amount for each price on that selection.
10. Metadata – Useful information that is related to a selected horse runner. If Metadata are available for the race, click on the letter M (metadata), that is shown next to selection name and you will see information that you have chosen in settings.
11. Silk – The color of the jockey silk.
12. Stall draw and Saddlecloth number – Refers to the stall a horse will start the race from. Saddle cloth number refers to the number on blankets, pads inserted under a saddle.
13. Profit/Loss – Each selection is displayed along with the current profit and loss underneath each selection name. Profit/Loss represents calculation of all matched bets. As you place orders in the market you will see your potential profit or loss on each selection if that selection goes on to win. If you want to know more about bets, go to chapter 5.Bets management.
14. Bookmaking options – Before you start placing bets in Dutching interface you need to choose which Bookmaking option you want to use. There are 4 different options: Total stake amount, Set Individual Stakes, Set Equal P/L, Set Individual P/L.
15. Ticked selections column – If you check the box, it means that you will place a bet on that selection.
16. Check/Uncheck all selections – With this box you can uncheck all selections if at least one selection is checked. If no selections are checked, with this box you can check all selections.
17. Reset all selections button – If you click on Reset all selections button, all checked selections will become unchecked.
18. Selection price column – These are lay prices at which your bets will be placed. To set the price, first check the selection’s box and best available lay price will be setted automatically. The software will update your price if it changes, so your setted bet price will always be the best available lay price.
If you want to set 2nd best available lay price, so you could be more assured that your bet will be matched, you should click on 2nd best price&money lay button. The software will now update your price if it changes, so your bet price will always be setted at 2nd best available lay price.
If you want to get one tick lower price then best available, and hope it will become matched, you should click on the best back price button. The software will place a lay bet, but always at one tick lower then best available lay price.
If you want to set fixed price, simply click on the pen icon and enter your prices manually. These prices will not be updated regardless of selection’s price movements.
19. Reset all prices button – If you click on Reset all prices button, all prices for checked selections will be reset to current best available lay price.
20. Selection stake column – This column shows all individual stakes for all marked selections. Selection stake column will display your stakes automatically if you use all Bookmaking options except Set Individual Stakes option, where you will need to manually enter your selections stakes into the stake fields that will appear in Selection stake column. For all other Bookmaking options, Selection stake column will calculate and display your stakes depending on what you set for total stake amount, individual selection’s profit/loss or equal profit/loss.
21. Total stake – Total stake is a sum of all stakes on all marked selections
22. Available money – When you have your prices and stakes setted, a ribbon color and percentage will appear. Percentage number shows what part of your stake at your or lower price is covered with current exchange prices and stakes. If ribbon colour is red, it means that less then 50% of your stake should be matched if you place your bet now. If ribbon color is yellow, it means that your stake won’t be matched fully, but will be matched between 50% and 99%. If ribbon is green, it means that your bet should be fully matched if you place your bet now. The percentage of potential matched stake is always displayed in the ribbon. Be aware that prices and offers in exchange can change very fast. The ribbon will calculate the current offer, but can not claim that your bets will be matched as ribbon shows, because offers in exchange can change very fast.
23. Profit/Loss column – This column shows potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically if you use all Bookmaking options except Set Individual P/L option, where you will need to manually enter your selections profit/loss into the P/L fields that will appear in Profit/Loss column. For all other Bookmaking options Profit/Loss column will calculate and display your profit/loss depending on what you set for total stake amount, individual stakes or equal profit/loss.
24. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed in the moment of clicking.
25. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available lay price at that moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
26. Dutch All button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available back prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
27. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
28. Cancel all bets – Click to cancel all unmatched bets on currently displaying market
Settings, Panels, Tabs
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29. Currently monitoring event and market – Names of currently monitoring market and event. If you point with your mouse on the tab you will see the entire market and event name.
30. Event/Market Panel – All market and event information like event and market names, current market status(active,suspended,closed), scheduled start time, In-play status and time, TV icon and Interfaces. If you want to know more about Market information go to chapter 3.Settings, Panels, Tabs: Event/Market Panel.
31. Left tabs – There are Menu, Bets, Favourites, Ladder and Tools tab. Menu tab contains all current events and markets available for betting. Bets tab contains all your matched and unmatched bets for currently monitoring market. Favourites tab contains all your favourite events and markets that you transferred from Menu tab. Ladder tab contains a list of all selections for currently monitoring market. Here you can choose which selections you want to monitor in V-Ladder and H-Ladder interface. Tools tab contains a list of all tools. If you want to use a particular tool for currently monitoring market, simply check the box next to the tool name. If you want to know more about Left tabs go to chapter 3.Settings,Panels,Tabs:Left tabs
32. Account panel – Contains account information like your username, your current money balance and API figure that represents the speed of communication between you and Betfair server. If you want to know more about Account information go to chapter 3.Settings,Panels,Tabs: Account panel.
33. Settings – Set all your Settings like Default stake, Refresh rate, Sound alerts, Ladder rotation, cell dimensions, etc. If you want to know more about Settings go to chapter 3.Settings,Panels,Tabs: Settings.
Total Stake amount
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1. Bookmaking option – Before you start placing bets in Bookmaking interface you need to tick Total stake amount box.
This Bookmaking option allows you to lay two or more selections in the same event to win the same profit on other selections or to lose the same amount if one of your selections wins. The main feature is that you can to set your total stake amount for all marked selections and software will do all the calculations.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available lay price will be entered automatically, and it will be updated if price changes, setting your price to best available lay price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. If you click on 2nd best lay price&money button, so you could be more assured that your bet will be matched, the software will always update your bet price and set it to the 2nd best available lay price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This price will not be updated regardless of selection’s price movements.
4. Total stake – When you choose selections and prices, set your total stake amount by entering this amount in the total stake amount field. When you enter total stake amount,in the Selection stake column you will see individual stakes for each chosen selection. The sum of these stakes is your total stake amount.
5. Selection stake column – This column shows all individual stakes for all marked selections.
6. Ribbons – When you have your prices and stakes setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or lower price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – This column shows your potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically after you pick your selections and set your total stake amount.
8. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place lay bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on the BET button, you can hedge your selections individually by clicking on individual hedge button or hedge them all at once by clicking Dutch All button.
9. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match. If you want to know more about bets, go to chapter 5.Bets management.
10. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
11. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
Set Individual Stakes
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1. Bookmaking option – Before you start placing bets in Bookmaking interface you need to tick Set individual stakes box.
This Bookmaking option allows you to lay two or more selections in the same event by choosing your selections, their prices and stakes.
This options is the same as placing multiple lay bets in any other interface, where you need to manually set your selections, prices and stakes.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available lay price will be entered automatically, and it will be updated if price changes, setting your price to best available lay price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. If you click on 2nd best lay price&money button, so you could be more assured that your bet will be matched, the software will always update your bet price and set it to the 2nd best available lay price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This price will not be updated regardless of selection’s price movements.
4. Stakes – When you choose selections and prices, set individual stakes for all marked selections by entering them manually in each stake field.
5. Ribbons – When you have your prices and stakes setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or lower price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – P/L column displays your potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically after you pick your selections and set your total stake amount.
7. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place lay bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on the BET button, you can hedge your selections individually by clicking on individual hedge button, or hedge them all at once by clicking Dutch All button.
8. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
9. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
10.Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
Set Equal Liability
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1. Bookmaking interface – Before you start placing bets in Bookmaking interface you need to tick Set Equal P/L box.
This Bookmaking option allows you to lay two or more selections in the same event to set equal loss for them, if any other selection wins.
The main feature is that you can set equal loss for all marked selections and software will calculate individual stakes depending on setted prices and amount entered in Set equal P/L field.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available lay price will be entered automatically, and it will be updated if price changes, setting your price to best available lay price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. If you click on 2nd best lay price&money button, so you could be more assured that your bet will be matched, the software will always update your bet price and set it to the 2nd best available lay price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This price will not be updated regardless of selection’s price movements.
4. Equal P/L – When you choose selections and prices, set your equal loss by entering it manually in the Set Equal P/L field.
5. Stakes – When you enter your equal loss, in the Selection stake column you will see individual stakes for each marked selection. If your equal loss is not possible for marked selections, Selection stake column will show N/A.
6. Ribbons – When you have your prices and stakes setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or higher price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – P/L column displays your potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically after you pick your selections and set your Equal P/L loss.
8. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place lay bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on the BET button, you can hedge your selections individually by clicking on individual hedge button, or hedge them all at once by clicking Dutch All button.
9. Hedge button – When you click on the Hegde button. the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
10. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
11. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
Set Individual Liability
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1. Bookmaking option – Before you start placing bets in Bookmaking interface you need to tick Set Individual P/L box.
This Bookmaking option allows you to lay two or more selections in the same event by setting individual profit/loss for each marked selection.
The main feature is that you can set profit/loss for each selection and software will calculate individual stakes depending on setted prices and amount entered in individual P/L fields.
2. Selections – First choose which selections you want to bet on, by ticking boxes in Selection stake column.
3. Prices – Now set prices for picked selections. By ticking selection’s box the best available lay price will be entered automatically, and it will be updated if price changes, setting your price to best available lay price. To change the price click on the price&money available buttons or click on the little pen icon and enter your price manually. If you click on 2nd best lay price&money button, so you could be more assured that your bet will be matched, the software will always update your bet price and set it to the 2nd best available lay price. If you want to set fixed price, simply click on the pen icon and enter your price manually. This price will not be updated regardless of selection’s price movements.
4. Individual P/L – When you choose selections and prices, set individual profit/loss for all marked selections by entering them manually in each P/L field.
5. Stakes – When you enter your profit/loss for all marked selections, in the Selection stake column you will see individual stakes for each marked selection. If your profit/loss is not possible for marked selections, Selection stake column will show N/A.
6. Ribbons – When you have your prices and profits/losses setted, a colored ribbons will appear in Available column. Percentage number shows what part of your stake at setted or higher price is covered with current exchange prices and stakes. If percentage number is bellow 100%, it means that there isn’t enough money in the market, and that your bet will not be fully matched.
7. Potential P/L – When you have setted your prices and profits/losses for marked selections, P/L column will display your potential profit/loss for all selections.
8. BET button – To submit all bets for marked selections, simply click on the BET button. The software will place lay bets at prices/stakes that are displayed in the moment of clicking.
After bets placement you can place another bets by clicking on BET button, you can hedge your selections individually by clicking on individual hedge button, or hedge them all at once by clicking Dutch All button.
9. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
10. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
11. Matched and Unmatched bets – Whichever interface you use Bets tab will show all matched and unmatched bets from the currently monitoring market.If you want to know more about bets, go to chapter 5.Bets management.
BETS SETTINGS
Before you start placing your bets, you should set your bets displayment and manage software behaviour after bets placement at Settings/Bets tab.
What if
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It is a sum of current profit/loss and profit/loss of a potential bet, as if potential bet is already matched.
In Grid interface, what if fugure will appear when you open a place bet window. The software will calculate the potential bet profit/loss using stake/liability and price that are entered in place bet window, and add the calculation to current profit/loss. If you change price,stake or side within place bet window, what if figure will show the new calculation.
1. Current profit/loss
2. Potential bet profit/loss
3. What if figure
4. Bet stake/liability
5. Bet price
In V-Ladder interface, what if figure will appear when your mouse arrow is pointing to a bet cell that is coloured in back or lay colour. Depending on cell colour, price that is next to coloured cell and default stake, what if figure will show the potential profit/loss if you place a bet by clicking on this cell. What if figure is displayed just above selection prices and last trader price.
1. Current profit/loss
2.Bet price
3. What if figure
4.Bet stake/liability
In H-Ladder interface, what if figure will appear when your mouse arrow is pointing to a bet cell that is coloured in back or lay colour. Depending on cell colour, price that is next to coloured cell and default stake, what if figure will show the potential profit/loss if you place a bet by clicking on this cell. What if figure is displayed just above selection default stake field.
1. Current profit/loss
2.Bet price
3. What if figure
4.Bet stake/liability
Show bets tab after bet placement
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Bets tab that is located on the left side of the software among all other Left tabs is displaying your matched and unmatched bets from currently displaying market.
If Bets tab is currently not active, but you decide to place a bet, you don’t need to switch to Bets tab manually. This feature will activate Bets tab immediately after bet placement, so you could monitor your bet.
Place bet activates market tab of that bet
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If you have opened Grid’s place bet window, that is coming from market that you currently don’t monitor and you suddenly want to submit that place bet window, you don’t need to switch market manually. The software will activate the corresponding market (the market from which submitted place bet window is coming) and you will be instantly able to monitor the corresponding market. If you also tick “Show bets tab after bet placement” checkbox, the software will show Bets tab from the corresponding market, so you will be able to monitor your bet immediately.
Matched controls display
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This feature allows you to arrange and display your matched bets in 4 different ways, AveragePrice, AveragePriceRunnerSort,AllAverage and AllBets.
AveragePrice will show the whole matched stake and average matched price. Average price calculation is based on matched amount percentage on each matched price. If matched amount percentage is higher on particular price, the average price will be closer to that price. All bets are arranged by time, the latest bet is on the top.
This option also shows the whole matched stake and average matched price, but bets are sorted by selections. The latest matched selection is on the top. Also, bets within one selection are sorted by time, the latest bet is on the top.
AllAverage shows the whole sum and the average price for all your back bets and do the same for all your lay bets. So, if you place several back bets on one selection, the software will not show all bets separately, it will show only one bet with the whole stake sum and the average price for all back bets on this selection.
If you place a larger bet, there is a high possibility that this large bet is matched with many smaller bets. AllBets option shows all these smaller bets separately, with the exact matched price and stake for every smaller bet. This way you can detect if your bet is matched with one user or more, since each matched smaller bet represents a particular user that placed an opposite bet then you. Also, you can choose to sort all smaller bets by highest matched price or highest matched stake.
BETS TAB
Whichever interface you use Bets tab will show all your matched and unmatched bets for currently monitoring market. Unmatched bets are displaying in the upper part of Bets tab, Matched bets in the lower part. Matched and Unmatched bets are sorted by time, latest bet is on the top.
When you submit a bet, bet preview will appear if you are betting in-play. Within bet preview you can see bet delay countdowning. Most commonly an in-play bet will be subject to a 5s-12s second delay, though it does vary among sports. Betfair sets bet delay period for every in-play market. It means that your bet will hit the market after bet delay period ends. If event has not started yet, bet delay period is set to zero. After bet delay period ends, your bet status can be unmatched, matched or partly matched.
Unmatched bets
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1. Name – Selection name
2. Keep the bet option – The K latter is “Keep the bet” option. If you click on it you will change bet persistance if market becomes suspended and your bet will stay unmatched after suspended status ends, it won’t be canceled.
3. Cancel this bet – Click on the button to cancel the bet.
4. Profit/Loss – This amount repesents the profit/loss amount for this bet on the corresponding selection, if this bet becomes matched.
5. Stake – Current unmatched stake amount
6. Price – Current unmatched bet price
7. Cancel all – Click on the button and all unmatched bets within this market will be cancelled
8. Subm button – If you want to update the bet, you need to change price or stake, or both, and to click Subm button to update the bet.
9. Matching order – This number represents the sum of all unmatched bets that are placed before your bet is placed on this selection, at your current unmatched bet price.
If during bet delay period you realize that your bet placement was not a good decision and you want to cancel it as soon as it hits the market, hoping that it won’t become matched, simply check the box within bet preview. This means that if, after bet delay period ends, your bet or part of it still unmatched, the software will cancel it immediately.
V-Ladder unmatched bets are also shown beneath every selection ladder. Unmatched bets that are placed only on particular selection are shown beneath that selection’s ladder. If you want to see all unmatched bets on currently monitoring market, go to Bets tab that is located on left upper part of the software.
1. Keep the bet option – The K latter is “Keep the bet” option. If you click on it you will change bet persistence if market becomes suspended and your bet will stay unmatched after suspended status ends, it won’t be canceled.
2. Cancel this bet – Click on the button to cancel the bet.
3. Stake – Current unmatched stake amount
4. Price – Current unmatched bet price
5.Cancel all – Click on the button and all unmatched bets within this selection will be cancelled
6.Unmatched bets – Selection’s unmatched bets are also shown in white hedge cells column. If you want to cancel your unmatched bet, simply click on the cell that contains your unmatched bet.
H-Ladder unmatched bets are also shown next to every selection ladder. Unmatched bets that are placed only on particular selection are shown next to that selection’s ladder. If you want to see all unmatched bets on currently monitoring market, go to Bets tab that is located on left upper part of the software.
1. Keep the bet option – The K latter is “Keep the bet” option. If you click on it you will change bet persistance if market becomes suspended and your bet will stay unmatched after suspended status ends, it won’t be canceled.
2. Cancel this bet – Click on the button to cancel the bet.
3. Stake – Current unmatched stake amount
4. Price – Current unmatched bet price
5.Cancel all – Click on the button and all unmatched bets within this selection will be cancelled
6.Unmatched bets – Selection’s unmatched bets are also shown in white hedge cells column. If you want to cancel your unmatched bet, simply click on the cell that contains your unmatched bet.
Matched bets
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You can arrange and display your matched bets in 4 different ways, AveragePrice, AveragePriceRunnerSort,AllAverage and AllBets. To change matched bets way of displaying go to Settings/Bets tab.
1. Name – Selection name
2. Price – Matched bet price
3. Stake – Matched bet stake
4. Profit/Loss – This amount repesents the profit/loss amount for this bet.
V-Ladder matched bets are also shown beneath every selection ladder. Matched bets that are placed on selection are shown beneath that selection’s ladder. If you want to see all matched bets on currently monitoring market, go to Bets tab that is located on left upper part of the software.
1. Price – Matched bet price
2. Stake – Matched bet stake
H-Ladder matched bets are also shown next to every selection ladder. Matched bets that are placed only on particular selection are shown next to that selection’s ladder. If you want to see all matched bets on currently monitoring market, go to Bets tab that is located on left upper part of the software.
1. Price – Matched bet price
2. Stake – Matched bet stake
GRID
After you open a place bet window and before you submit a bet, you need to check and set your bet side, stake/liab value and price. All matched and unmatched bets for currently monitoring market are displayed within Bets tab that is located under Account panel.
1. Market/Event name – Selection’s market and event name
2. Place bet window – To place a bet in Grid interface, first you should open a place bet window by clicking on any back or lay price&money button.
3. Runner name – Selection name
4. Place bet window Price&money buttons – Place bet window contains selections’s three best prices on each side(back and lay). Big number is price, small number underneath price is available money at that price.
5. Profit/loss – This number represents your current profit/loss at this selection. Profit/Loss is a calculation of all matched bets.
6. Selection’s Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at this selection.
7. Selection’s total matched – Represents total amount of money matched at this selection.
8. Keep the bet – If you check this box and submit a bet, your bet will not be cancelled if market becomes suspended. It means that if critical event occurs market will be suspended, but after market turns in-play again, your bet will still be unmatched.
9. Link bet – If you want to place two or more bets with a single click, just check this box on every place bet window that you want to submit. Then click on submit button on any place bet window with checked Link bet option to place all bets at once. Linking bets is currently possible only within one market, it is not possible to link bets from different markets.
10. Bet side – When you open a place bet window, you will see bet side written and place bet window painted in the side colour. Back side is purple, lay is pink. You can change side by left or right clicking on the price&money buttons within place bet window.
11. Bet what if figure – This number represents your selection’s bet profit/loss if you submit this place bet window and your bet becomes matched. If your bet side within place bet window is back, the figure will show potential bet profit at this selection. If your bet side within place bet window is lay, the figure will show potential bet loss at this selection.
12. Stake/liab field – This field contains your default stake/liability value for this selection place bet window. This stake/liability value will be placed if you submit this place bet window. You can change and set another default stake/liability value by clicking on any other stake/liab button within place bet window or by entering your value manually. If you want your manually entered value to be remembered for this selection, go to Settings/Miscellaneous tab and check “Remember manual stake” box. If you don’t check this box, next time you open this selection place bet window, default stake/liability value will be the same as it was before you manually entered stake/liability value.
13. Odds field – This field contains bet price, and your bet will be placed at this price if you submit the place bet window. You can change bet price manually by entering it in the Odds field or by clicking on any price&money button within place bet window.
14. Stake/liab amount buttons – Contain your favourite stake/liability values. Default stake/liab button is painted in blue, unless you manually enter your default stake/liability value. By clicking on certain button, its value becomes your default stake/liability value for this selection and this value should appear in the Stake/liab field as current stake/liability value. To change buttons value, go to Settings/Stakes tab.
15. LMS button – Every time you open a place bet window, LMS button will show the value of your last matched stake, if it exists. If you click on the LMS button, LMS button value will become your current stake size, but only until you submit or close this place bet window. It won’t be remembered as new default stake/liab amount if you open another selection’s place bet window. Your default stake/liab amount will be as it was before you clicked on the LMS button.
16. NET button – Every time you open a place bet window, NET button will show the difference between all back and all lay matched stakes on a this selection. Selecting the NET button makes NET button value the current stake size, but only until you submit or close this place bet window. It won’t be remembered as new default stake/liab amount if you open another selection’s place bet window. Your default stake/liab amount will be as it was before you clicked on the NET button.
17. Stake/Liability switch button – By clicking on this button you switch default buttons between stake and liability. Stake and liability values have one big difference when you need to place a bet. If you use liability buttons, it means that your bet exposure(max loss) will be as it is written in liability button, no matter which bet you want to place, back or lay. If you use stake buttons, there is difference between placing back or lay bet. If you place back bet, your max loss will be as it is written in stake button, but if you place lay bet, your max loss is calculated this way: (odds-1)*stake amount.
18. Submit button – Click on Submit button to place a bet
19. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available price at the moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.If you want to know more about bets, go to chapter 5.Bets management.
20. Dutch all button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones. If you want to know more about bets, go to chapter 5.Bets management.
V-LADDER
Before you place a bet, first you need to check and set your stake/liab amount. To place a bet, click on the purple/pink painted cell. Your bet price is the price that is next to the painted cell that you clicked on. All matched and unmatched bets for currently monitoring market are displayed within Bets tab that is located under Account panel. Also, selection’s matched and unmatched bets are displayed within selection’s ladder, in its lower part.
1. Name – Selection name
2. Price&money columns – Central column contains prices. On the left and right side of the central column there are purple and pink painted columns that contain available money on that selection. Also, these two columns are for bet placement. If you left-click on purple column you will place a back bet. If you left-click on pink column you will place a lay bet. Your bet price is the price that is next to painted cell that you clicked on. Available prices and money to back are always displayed on the lower ladder part,regardless of Ladder Rotation that you choose. Available prices and money to lay are always displayed on the upper ladder part, regardless of Ladder Rotation that you choose.
3. Stake/liab amount buttons – Contain your favourite stake/liability values. Default stake/liab button is painted in blue, unless you manually enter your default stake/liability value. By clicking on certain button, its value becomes your default stake/liability value for this selection and this value should appear in the Stake/liab field as current stake/liability value. To change buttons value, go to Settings/Stakes tab.
4. Stake/liab field – This field contains your default stake/liability value for this selection. This stake/liability value will be placed if you submit a bet by clicking on the painted cell. You can change and set another default stake/liability value by clicking on any other stake/liab button within selection ladder or by entering your value manually. Stake/liability amount will be remembered for this selection if you enter it manually.
5. Stake/Liability switch button – By clicking on this button you switch default buttons between stake and liability. Stake and liability values have one big difference when you need to place a bet. If you use liability buttons, it means that your bet exposure(max loss) will be as it is written in liability button, no matter which bet you want to place, back or lay. If you use stake buttons, there is difference between placing back or lay bet. If you place back bet, your max loss will be as it is written in stake button, but if you place lay bet, your max loss is calculated this way: (odds-1)*stake amount
6. LMS button – LMS button shows the value of your last matched stake, if it exists. If you click on the LMS button, LMS button value will become your current stake/liability size, but only until you place another bet at this selection.After that, your default stake/liability amount will be as it was before you clicked on the LMS button.
7. NET button – NET button shows the difference between all back and all lay matched stakes on this selection. Selecting the NET button makes NET button value the current stake/liability size, but only until you place another bet at this selection.After that, your default stake/liability amount will be as it was before you clicked on the NET button.
8. What if – When you point with your mouse arrow on a painted cell that is used for bet placement, What if figure will appear. It is a sum of current profit or loss and potential profit or loss as if you already clicked on the painted cell and your bet is matched. Potential profit/loss is calculated by using default stake and price that is next to the painted cell.
9. Profit/loss – This number represents your current profit/loss at this selection. Profit/Loss is a calculation of all matched bets.
10. Keep the bet – If you click on this button, your bet will not be cancelled if market becomes suspended. It means that if critical event occurs market will become suspended, but after market turns in-play again, your bet will still be unmatched.
11. Matching order – Represents the sum of all unmatched bets that are placed before your bet is placed at that particular price. Each change on your bet price reflects on Matching order value. As this value becomes lower, your bet is closer to become matched.
12. Hedge cells – White column allows you to hedge your bets at any moment. It means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match. When you click on white cell software calculates all bets on this selection and hedge using price that is next to white cell that you clicked on.
Unmatched bets are also shown in white hedge cells column. If you want to cancel your unmatched bet, simply click on the cell that contains your unmatched bet. On the top of the white column you will see the stake sum of all your unmacthed bets, but only for one side(back or lay). If pink column is next to the white column, the top white cell will contain the stake sum of all lay unmatched bets. If you click on the top white cell, all lay unmatched bets will be canceled
13. Dutch all button – When you click on any Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at that moment. It doesn’t matter which one Dutch All button you click on. Clicking on Dutch all button is like you clicked on all hedge buttons at ones.
14. Selection’s Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at this selection.
15. Selection’s total matched – Represents total amount of money matched at this selection.
H-LADDER
Before you place a bet, first you need to check and set your stake/liability value. Then click on the purple/pink painted cell to place a bet. Your bet price is the price that is above or beneath painted cell that you clicked on. All matched and unmatched bets for currently monitoring market are displayed within Bets tab that is located under Account panel. Also, selection’s matched and unmatched bets are displayed within selection’s ladder, in its right part.
1. Name – Selection name
2. Price&money columns – Central column contains prices. Above and beneath central column there are purple and pink painted columns that contain available money on that selection. Also, these two columns are for bet placement. If you left-click on purple column you will place a back bet. If you left-click on pink column you will place a lay bet. Your bet price is the price that is above or beneath painted cell that you clicked on. Available prices and money to back are always displayed on the left ladder part,regardless of Ladder Rotation that you choose. Available prices and money to lay are always displayed on the right ladder part, regardless of Ladder Rotation that you choose.
3. Stake/liab amount buttons – Contain your favourite stake/liability values. Default stake/liab button is painted in blue, unless you manually enter your default stake/liability value. By clicking on certain button, its value becomes your default stake/liability value for this selection and this value should appear in the Stake/liab field as current stake/liability value. To change buttons value, go to Settings/Stakes tab.
4. Stake/liab field – This field contains your default stake/liability value for this selection. This stake/liability value will be placed if you submit a bet by clicking on the painted cell. You can change and set another default stake/liability value by clicking on any other stake/liab button within selection ladder or by entering your value manually. Stake/liability amount will be remembered for this selection if you enter it manually.
5. Stake/Liability switch button – By clicking on this button you switch default buttons between stake and liability. Stake and liability values have one big difference when you need to place a bet. If you use liability buttons, it means that your bet exposure(max loss) will be as it is written in liability button, no matter which bet you want to place, back or lay. If you use stake buttons, there is difference between placing back or lay bet. If you place back bet, your max loss will be as it is written in stake button, but if you place lay bet, your max loss is calculated this way: (odds-1)*stake amount
6. LMS button – LMS button shows the value of your last matched stake, if it exists. If you click on the LMS button, LMS button value will become your current stake/liability size, but only until you place another bet at this selection.After that, your default stake/liability amount will be as it was before you clicked on the LMS button.
7. NET button – NET button shows the difference between all back and all lay matched stakes on this selection. Selecting the NET button makes NET button value the current stake/liability size, but only until you place another bet at this selection.After that, your default stake/liability amount will be as it was before you clicked on the NET button.
8. What if – When you point with your mouse arrow on a painted cell that is used for bet placement, What if figure will appear. It is a sum of current profit or loss and potential profit or loss as if you already clicked on the painted cell and your bet is matched. Potential profit/loss is calculated by using default stake and price that is above or beneath painted cell.
9. Profit/loss – This number represents your current profit/loss at this selection. Profit/Loss is a calculation of all matched bets.
10. Keep the bet – If you click on this button, your bet will not be cancelled if market becomes suspended. It means that if critical event occurs market will become suspended, but after market turns in-play again, your bet will still be unmatched.
11. Matching order – Represents the sum of all unmatched bets that are placed before your bet is placed at that particular price. Each change on your bet price reflects on Matching order value. As this value becomes lower, your bet is closer to become matched.
12. Hedge cells – White column allows you to hedge your bets at any moment. It means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match. When you click on white cell software calculates all bets on this selection and hedge using price that is above or beneath white cell that you clicked on.
Unmatched bets are also shown in white hedge cells column. If you want to cancel your unmatched bet, simply click on the cell that contains your unmatched bet. In the far-right cell of the white column you will see the stake sum of all your unmatched bets, but only for one side(back or lay). If pink column is just above or beneath white column, the far-right white cell will contain the stake sum of all lay unmatched bets. If you click on the far-right white cell, all lay unmatched bets will be cancelled.
13. Dutch all button – When you click on any Dutch All button the software calculates all bets on all selections and hedge them all using best available prices at that moment. It doesn’t matter which one Dutch All button you click on. Clicking on Dutch all button is like you clicked on all hedge buttons at ones.
14. Selection’s Last traded price(LTP) – The LTP is simply the last price that a trade is occurred at this selection.
15. Selection’s total matched – Represents total amount of money matched at this selection.
DUTCHING
Dutching interface is for a betting strategy that consists in placing back bets simultaneously in multiple selections. Before you start placing bets in Dutching interface you need to tick Dutch option you want to use and to choose selections at witch you want to place bets, by ticking their checkboxes. Depending on which Dutch option did you choose, you need to set selection’s prices and stakes or profits. All matched and unmatched bets for currently monitoring market are displayed within Bets tab that is located under Account panel.
1. Dutching options – Before you start placing bets in Dutching interface you need to choose which Dutching option you want to use. There are 4 different options: Total stake amount, Set Individual Stakes, Set Equal P/L, Set Individual P/L.
2. Name – Selection name
3. Price&money buttons – Best two prices on each side(back and lay). Big number is price, small number underneath price is available money for that price.
4. Ticked selections column – If you check the box, it means that you will place a back bet on that selection
5. Selection price column – These are back prices at which your bets will be placed. To set the price, first tick the selection’s box and best available back price will be setted automatically as your bet price. The software will update your price if it changes, so your bet price will always be the best available back price.
If you want to set 2nd best available back price, so you could be more assured that your bet will be matched, you should click on 2nd best price&money back button. The software will now update your price if it changes, so your bet price will be the 2nd best available back price.
If you want to get one tick higher price then best available, and hope it will become matched, you should click on best best lay price button. The software will place a back bet, but at one tick higher then best available back price.
If you want to set fixed prices, simply click on pen icon and enter your prices manually. These prices will not be updated regardless of selection’s price movements.
6. Selection stake column – This column shows all individual stakes for all marked selections. Selection stake column will display your stakes automatically if you use all Dutching options except Set Individual Stakes option, where you will need to manually enter your selections stakes into the stake fields that will appear in Selection stake column. For all other Dutching options, Selection stake column will calculate and display your stakes depending on what you set for total stake amount, individual selection’s profit/loss or equal profit/loss.
7. Total stake – Total stake is a sum of all stakes on all marked selections
8. Available money – When you have your prices and stakes setted, a ribbon colour and percentage will appear. Percentage number shows what part of your stake at your or higher price is covered with current exchange prices and stakes. If ribbon colour is red, it means that less then 50% of your stake should be matched if you place your bet now. If ribbon colour is yellow, it means that your stake won’t be matched fully, but will be matched between 50% and 99%. If ribbon is green, it means that your bet should be fully matched if you place your bet now. The percentage of potential matched stake is always displayed in the ribbon. Be aware that prices and offers in exchange can change very fast. The ribbon will calculate the current offer, but can not claim that your bets will be matched as ribbon shows, because offers in exchange can change very fast.
9. Profit/Loss column – This column shows potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically if you use all Dutching options except Set Individual P/L option, where you will need to manually enter your selections profit/loss into the P/L fields that will appear in Profit/Loss column. For all other Dutching options Profit/Loss column will calculate and display your profit/loss depending on what you set for total stake amount, individual stakes or equal profit/loss
10. BET button – To submit all back bets for marked selections, simply click on the BET button. The software will place back bets at prices and with stakes that are displayed at the moment of clicking.
11. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available lay price at that moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.
12. Dutch All button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available lay prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones.
BOOKMAKING
Bookmaking interface is for a betting strategy that consists in placing lay bets simultaneously in multiple selections.Before you start placing bets in Bookmaking interface you need to tick Bookmaking option you want to use and to choose selections at witch you want to place bets, by ticking their checkboxes. Depending on which Bookmaking option did you choose, you need to set selection’s prices and stakes or profits. All matched and unmatched bets for currently monitoring market are displayed within Bets tab that is located under Account panel.
1. Bookmaking options – Before you start placing bets in Bookmaking interface you need to choose which Bookmaking option you want to use. There are 4 different options: Total stake amount, Set Individual Stakes, Set Equal liability , Set Individual liability.
2. Name – Selection name
3. Price&money buttons – Best two prices on each side(back and lay). Big number is price, small number underneath price is available money on that price.
4. Ticked selections column – If you check the box, it means that you will place a lay bet on that selection
5. Selection price column – These are lay prices at which your bets will be placed. To set the price, first check the selection’s box and best available lay price will be setted automatically as your bet price. The software will update your price if it changes, so your setted bet price will always be the best available lay price.
If you want to set 2nd best available lay price, so you could be more assured that your bet will be matched, you should click on 2nd best price&money lay button. The software will now update your price if it changes, so your bet price will always be setted at 2nd best available lay price.
If you want to get one tick lower price then best available, and hope it will become matched, you should click on the best back price button. The software will place a lay bet, but always at one tick lower then best available lay price.
If you want to set fixed price, simply click on the pen icon and enter your prices manually. These prices will not be updated regardless of selection’s price movements.
6. Selection stake column – This column shows all individual stakes for all marked selections. Selection stake column will display your stakes automatically if you use all Bookmaking options except Set Individual Stakes option, where you will need to manually enter your selections stakes into the stake fields that will appear in Selection stake column. For all other Bookmaking options, Selection stake column will calculate and display your stakes depending on what you set for total stake amount, individual selection’s liability or equal liability.
7. Total stake – Total stake is a sum of all stakes on all marked selections
8. Available money – When you have your prices and stakes setted, a ribbon colour and percentage will appear. Percentage number shows what part of your stake at your or lower price is covered with current exchange prices and stakes. If ribbon colour is red, it means that less then 50% of your stake should be matched if you place your bet now. If ribbon colour is yellow, it means that your stake won’t be matched fully, but will be matched between 50% and 99%. If ribbon is green, it means that your bet should be fully matched if you place your bet now. The percentage of potential matched stake is always displayed in the ribbon. Be aware that prices and offers in exchange can change very fast. The ribbon will calculate the current offer, but can not claim that your bets will be matched as ribbon shows, because offers in exchange can change very fast.
9. Profit/Loss column – This column shows potential profit/loss for all selections. Profit/Loss column will display your profit/loss automatically if you use all Bookmaking options except Set Individual P/L option, where you will need to manually enter your selections profit/loss into the P/L fields that will appear in Profit/Loss column. For all other Bookmaking options Profit/Loss column will calculate and display your profit/loss depending on what you set for total stake amount, individual liability or equal liability.
10. BET button – To submit all lay bets for marked selections, simply click on the BET button. The software will place back bets at prices/stakes that are displayed at the moment of clicking.
11. Hedge button – When you click on the Hegde button the software calculates all bets on related selection and hedge using best available lay price at that moment. To “hedge your bets” means to reduce or mitigate your risk. Protect yourself against loss by supporting more than one possible result or both sides in a match.
12. Dutch All button – When you click on the Dutch All button the software calculates all bets on all selections and hedge them all using best available back prices at the moment. Hedge button will hedge only one selection, Dutch All button will hedge them all. Clicking on Dutch All button is like you clicked on all Hedge buttons at ones.
Chapter 6.
TOOLS
This chapter is about Tools. Here you will learn how to use all tools that we added to KingTrader application. Before you start using any tool, you need to understand how it works. In this chapter we will go through all tools and explain them step by step. That will help you to understand the potential of every tool and will bring you the knowledge. You will learn what is the best way to use the tool and when to use it.
TOOLS SETTINGS
Within Tools tab in Settings you can choose your default active tools. If you check tool box, that means that tool will be active on every new market you open. When you open a new market, you will see under Tools tab on the left that this tool is active. Be careful with this if you don’t use the particular tool on every market. Also, you should be careful if you check more then one tool. They should work together successfully, but they are not designed to work simultaneously.
STOP LOSS
The best way to keep losses in the check, and to lose as small amount as possible, is to use the Stop Loss tool. By using the Stop Loss facility, you can put a limit on how much you are prepared to lose from any trade. It is designed to be used as a safeguard against a trade moving against you, so when market hits Stop loss price, i.e. a trade occurs at your Stop loss price or higher (for Stop loss setted at back side)/lower (for Stop loss setted at lay side), the tool will immediately trigger a stop loss bet. You can use it manually or get it setted automatically for every trade you place. Stop Loss tool is operational for Grid, V-Ladder and H-Ladder interface.
When you set stop loss, it will be displayed:
1. Ribbon in Bets tab – As ribbon within Bets tab, under unmatched bets. Ribbon contains selection name, stop loss price, stop loss stake and tool name(SL-stop loss)
2. Ribbon in Ladder – As ribbon within selection ladder, in its lower part, under unmatched bets. Ribbon contains stop loss price, stop loss stake and tool name(SL-stop loss)
3. Cell – As cell painted in yellow, within selection ladder.
4. Set stop loss manually – To set stop loss manually, you don’t need to tick the Stop Loss checkbox. Just right-click on painted cell to set stop loss. That cell will be painted in yellow and ribbons will appear within Bets tab and selection ladder. Your stop loss price will be the price that is next to the painted cell that you clicked on. Your stop loss stake will be your default stake that will be written within yellow cell and ribbons.
If you set stop loss on lay side, it will trigger a bet if any trade occurs at your stop loss price or higher. Stop loss bet will be placed at setted stop loss price, with setted stop loss stake. If you set stop loss on back side, it will immediately trigger a bet if any trade occurs at your stop loss price or lower. Stop loss bet will be placed at setted stop loss price, with setted stop loss stake.
5. Cancel stop loss – If you want to cancel your Stop loss, just right click on the yellow cell or left-click on X button within any ribbon.
Auto
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1. Auto stop loss – If you want stop loss to be setted automatically, at first you need to tick the Stop loss checkbox to activate it. When you check Stop loss checkbox, Auto checkbox will become checked, too.
2. Stop loss distance – Then set tick or percentage distance. It is a distance between initial bet price and the Stop loss price that will be set along with initial bet. The distance can be measured and setted in price increments or percentages.
3. Stop loss stake – Your Stop loss stake will be the same as your initial bet stake. When you place a bet, Auto feature will set Stop loss automatically, along with your bet. If your initial bet becomes unmatched, and you cancel it, stop loss will be cancelled, too.
Chase
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1. Stop loss with Chase – To use Chase tool along with Stop Loss tool, you need to tick Chase checkbox within Stop Loss and Chase as separate tool. Chase separate tool is right beneath Stop Loss tool.
2. Chase parameters – Once you tick them both, you need to set parameters within Chase tool. Chase parameter, Total ticks to move, represents the maximimum ticks that Chase tool will move your initial bet. Tick to move represents the number of ticks that Chase tool will move your initial bet in one single move. Sec between moving represents the pause between two movements.
Using these two features, the application will chase the price out to increase the chance of placing a matched bet. As your unmatched bet is moving, Stop Loss will follow it, keeping the same distance from your bet, as you set it within Stop Loss tool. If your initial bet is back, Chase tool will keep updating your bet by decreasing your bet price. If your initial bet is lay, Chase tool will keep updating your bet by increasing your bet price. Once your initial bet is matched, Stop Loss will stop moving.
If your cancel your initial bet, stop loss will be cancelled, too. If you want to know more about Chase tool go to chapter 6, Chase.
Trial
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To use Trail feature along with Stop Loss tool, you need to tick Trial checkbox within Stop Loss.
If you tick Trail box and Stop Loss box, and then place a bet, Stop Loss will appear automatically.
If you placed a back bet and it becomes matched, your Stop loss will stay at initial price if price moves up. If price moves down, your Stop loss will go down, too, always keeping the same tick distance from current price. But if price then turns and comes back up, your Stop loss will stay at its lowest point.
If you placed a lay bet and it becomes matched, your Stop loss will stay at initial price if price moves down. If price moves up, your Stop loss will go up, too, always keeping the same tick distance from current price. But if price then turns and comes back down, your Stop loss will stay at its highest point.
Hedge
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To use Hedge feature along with Stop Loss tool, you need to tick Hedge checkbox within Stop Loss. This feature is just like Auto, but with different stake for Stop Loss bet. Auto will use the same stake as it is used for initial bet, Hedge will use the appropriate amount to split the profit/loss only for this trade.
If you tick Hedge box and Stop Loss box, and then place a bet, Stop Loss will appear automatically. Within yellow cell, letter H(Hedge) will be written.
By ticking Hedge box, Stop loss triggered bet doesn’t just place a bet using the same stake that you used for initial bet. It will consider your initial bet stake and price as your Stop loss stake and price, and will calculate it to equally split your profit or loss on all selections across the market.
CHASE
This tool basically chases a price to increase the chance of getting matched bet.
1. Tool activation – First you need to tick the box to activate it.
2. Chase parameters – Then you need to manage how you would like to chase a price, by setting how many price increments you want to chase in total(Total ticks to move). Also you need to choose how many increments one movement(Ticks to move) should have and time interval(Sec between moving) between two movements.
Once you place a bet, and it becomes unmatched, Chase tool will start. It will wait for setted period to end(sec between moving) and will start to move your unmatched bet. If you placed a back bet, Chase tool will do the first bet movement and decrease your bet price for setted ticks(Ticks to move). If you placed a lay bet, Chase tool will do the first movement and increase your bet price for setted ticks(Ticks to move).
Between every bet movement, Sec between moving period has to pass. After this period, Chase tool will move your unmatched bet in the same way, until it becomes matched or until it reaches the movement limit(Total ticks to move).
DRIP FEED
This feature is used when you want to place a large back or lay bet into the market without causing the market to panic. It is much better to place more smaller equal bets in short period of time, then to place a large bet and to spooke the market.
1. Tool activation – First you need to tick the box to activate the tool.
2. Total stake amount – Define your total bet stake by entering the amount in the Total stake field.
3. Drip feed stake – Drip feed stake represents the small part of your total bet amount and stake for all small bets that tool will place, except the last one in some cases. E.g. If your Total stake is £8, and your Drip feed stake is £3, the tool will place two bets with £3 stake, and third with £2 stake.
4. Seconds between submission – Sec between submissions represents the period between two small bets placement.
5. Choose a selection – At the bottom of the Drip Feed tool you should choose the selection at which you want to use the tool. It is possible to choose only one selection.
6. Bet side – Once you choose the selection, you need to set your bet side by ticking the back or lay box.
7. Best/Last traded price – You can set Drip feed tool to place all small bets at best available price or last traded price. It means that Drip feed tool will check best available price or last traded price just before it place a small bet. The best available or last traded price will be updated before every small bet placement, and small bet placed at currently best price or currently last traded price.
8. Submit button – Now you should click the Submit button and first small bet will be placed.
1. Ribbon – Once you click on Submit button, Drip feed ribbon will appear within unmatched bets, under Bets tab and within unmatched bets, under selection’s ladder.
This ribbon contains:
2. Name – Selection name
3. Total unplaced stake – Remaining stake of Drip feed bet, waiting to be placed in next small bets.
4. Bet price – Represents your Drip feed choice between best available(BAP) and last traded price(LTP)
5. Tool name – Drip feed(DF)
6. Cancel button – If you decide to cancel currently ongoing Drip feed bet and stop the placement of unplaced small bets, simply cancel the Drip feed ribbon and remaining small bets will not be placed
If one small bet doesn’t become matched, Drip feed tool will not place the next small bet. It will wait until your placed bet becomes at least partly matched. Drip feed tool will not place the next small bet if last bet is fully unmatched.
If you choose to cancel small unmatched bet, doesn’t matter if unmatched bet is fully unmatched or partly, Drip feed ribbon will be cancelled, too. This means that none of remaining small bets will not be placed and that Drip feed bet is cancelled.
FILL OR KILL
This tool will cancel fully unmatched bet after a time set by you. It has a timer for how many seconds you wish the bet to be available in the market. Just enter a number and tick the Fill or Kill box to activate the tool and when you place a back or lay bet it will cancel that unmatched bet after the time that you have entered.
Once you tick the Fill or Kill box, enter cancel period and place the bet, the software will wait until that period ends, and will cancel your bet.
The bet will be cancelled only if it is fully unmatched. If your bet is partly matched, the unmatched part will not be cancelled. You will need to cancel it manually. To cancel it manually go to Bets tab, Unmatched bets, and cancel it. You can also cancel it within selection’s ladder, if your are using V-Ladder or H-Ladder.
TICK OFFSET
We use the Tick offset when we want to make a trade so that we get a profit which ever selection wins. What it does is when you place a bet and it becomes fully or partly matched, the tool will automatically trade off at the amount off ticks or percentages that you have set.
1. Tool activation – First you need to tick the Tick Offset box.
2. Choose a selection – Choose your selection at which you want to use the tool or leave All runners option. It means that you will use Tick Offset tool for all selections.
3. From bet price – “From bet price” represents the distance between your initial bet and tick offset bet. The distance can be measured and setted in price increments or perecentages.
4. Stake percentage trigger – “Stake percentage trigger” represents the percentage of your initial bet stake, that need to become matched before Tick Offset activates.
5. Hedge – By ticking Hedge box, Tick Offset triggered bet doesn’t just trade off by using the same stake that you used for initial bet. It will consider your initial bet stake and price as your Tick Offset price(depends on “From bet price”), and will calculate it to equally split your profit or loss on all selections across the market.
If you leave Hedge box unticked, Tick Offset tool will use the same stake amount for Tick Offset bets as you used for your initial bet.
Once you place a bet, and it becomes fully or partly matched (lowest percentage matched part must be as it is entered in “Stake percentage field”), the Tick offset tool will place the first Tick Offset bet.
If you initial bet becomes partly matched, Tick Offset will place the bet with equivalent stake, and trade off only the matched part of your initial bet. If another part of initial bet becomes matched in the next moment, Tick Offset will trade off that part, too. This can repeat until your initial bet becomes fully matched.