User Guide
Ladder Interface
To select the ladder interface of a market, you need to click on the button Ladder Interface, shown in the image below. This interface only changes the way the odds of the market are displayed, since, at the top, you can still find the same informations on the event's starting date, the market where you are betting, the total amount matched and the teams that are playing.
Reading the Market
This market represents a horse race and you can see three ladders in it. In the first selection, Diamond Charlie, the users are placing more lay bets, with a weight of money for lay bets of 75%. In this ladder, the balance odd is 3.65. Lay bets are placed on the left side (pink color) and back bets are placed on the right side (blue color). Bets are matched when the stake of a lay bet is equivalent to that of a back bet, that is, when there is a correspondence of stakes. If you place a bet at the balance odd, it will be quickly matched because the balance odd is the best odd both for those who back bet and for those who lay bet. As you can see in the market, the amounts in blue and pink are bets that haven't entered yet because they still weren't matched with bets from the opposite side. The reason why people who lay bet don't match the back bets (in blue) that were placed for these positions is the high odd that the back bettors are demanding. Those who place lay bets are looking for low odds, in order to make larger profits. On the other hand, those who place back bets don't match lay bets (in red) because these bettors are demanding low odds. Those who place back bets are looking for high odds, because the higher the odd for a back bet, the more profit is made. The balance odd is accepted by both types of bettors, which is why it's likely that they'll bet at this odd and that there are almost immediate matches. If you place a bet at an odd where there already is an unmatched amount waiting to be matched, your bet will be put "on hold" and it will only be matched after the already existing amount is matched. For example, in the ladder of the racer Diamond Charlie, at the odd of 3.55 for a lay bet, there already are €44 staked and waiting to be matched. If you place a lay bet at this odd, only after these €44 are matched is your bet going to be matched. Until then, it will be on hold.
Interpreting the Market
The ladder of each selection/result lets you see the whole market in depth. Looking at the distribution of the odds in the ladder interface, you'll get the following information:
Ladder Selection - In this example, this selection/result represents the victory of a tennis player, Maria Sharapova. Selection Button - A button to select the selection that will appear on this ladder. If the market has several selections/results, as is the case for horse races, you can choose which selection will appear in this column. Chart Options - This option is the same that appears in the grid interface. By clicking on the option, you'll see a number of charts that will help you analyze the market. Weight of Money - This analysis indicator lets you see if users are placing more lay bets or back bets. Last Matched Odd - This field shows you the value of the last matched odd, along with the information of the weight of money. The last matched odd is the current odd of the market. As for the information on the weight of money, it constitutes an analysis of the market trend based on the information of the weight of money. So, an arrow will appear and show you if the market is tending to move upward or downward, based on the weight of money. In this example, the market tends to move upward, because the volume of lay bets is much higher than the volume of back bets. Total Amount Traded - This column shows you the total amount traded at each odd.
Ladder Options
Centering Odds - In markets where the odds are rapidly changing, it's often difficult to keep up with the evolution of the last matched odd, because it's constantly going up or down, as is the case for horse races. Thinking of this problem, Traderline has a button that centers all the ladders in the last matched odd. This way, you can always see the movement of the odds in the market without getting lost. Switch Lay-Back - This option lets you switch all the columns of the Ladder Interface so that the right side shows the lay bets and the left side shows the back bets. Hedge-Level Option - These options let you choose how you wish to distribute the profit/loss in your trades. If you select the option Hedge, the profit/loss will be distributed across all the selections of the market. If you select the option Level, the profit/loss will all be concentrated in the selection where you trade. These options are reflected on the leftmost column of the ladder.