The Back and Lay Side of Betfair Screen

[ollie]

I have been using Betfair for some time now and also use a betting 'bot' which makes entering and exiting the market very fast.

Now, looking at the Back (blue) side of the Betfair market and the Lay (pink) side of the market; I need to have confirmed what amount of money is 'immediately' available. For instance:

Back Lay
2.98 3.10
£487 £121

If I want to back the horse at 2.98 is it that I will have up to £487 with which to back? And similarly, to lay, I can bet anything up to £121?

I read on a website recently that to back the horse in the example above we had £121 available! And vice-versa to lay (£487 available).

Which is correct?

[mathare]

The amounts under each figure, back and lay, are the amounts that are immediately available to be backed/layed at those odds. So in your example above you could back at 2.98 with anything up to £487 and be matched instantly, or you could lay at 3.10 for anything up to a stake of £121 and be matched there and then.

[ollie]

Thanks Mathare, that's what I thought!!!! Cheers!