Not everyone betting on the exchange markets take the time to read the graphs but they can be useful depending on which strategies you like to use.
In this article, we will try to clarify the most frequently asked questions.
First of all, to see the graphs on the Easysportbet platform, all you have to do is click on your team/player and wait for the graph to display:
The graph below is a picture taken before the start of a tennis match:
You can see the odds available for a Back bet displayed in blue on the left side. Best odds are 1.66 with money available of £1,589.
However, you can still try to place a Back bet of £2,000 at 1.66 and wait for the totality of your stake to be matched. While £1,589 will get matched immediately, the remaining £411 will be displayed in the Lay Bet column in pink.
Which means another bettor will be able to place a Lay bet (bet against) at your price: all you have to do is wait and be patient, with of course the possibility to cancel your £411 bet.
Odds and volumes available for a Lay bet are therefore displayed in pink in the middle.
The right column (“traded“) shows the total amount of money which has already been matched. In our example, £337 at 1.68 and so on.
The graph shows the odds and volume over time:
the red line represents the odds movement during the day, while the vertical grey sticks display the volumes matched (weight of money).
Remember that the betting exchange markets and traditional bookmakers have this thing in common: the price will drop if big amounts of money are bet on the same selection to win.
Reading Betfair graphs is essential for trading purposes but also for traditional punters in their quest for value bets. If a price has already dropped significantly, is it really worth a Back bet?
Obviously, solid knownledge about the sport you are betting or trading on will help you greatly to understand odds movements. Some charts analysis tips also exist from the financial world.
Always remember: be wise and bet small when experimenting new betting/trading strategies…
If you have any question, please drop a comment or contact us directly.