Congratulations! You’re now ready to place your first bet on the Betfair Exchange.
Matched & Unmatched Bets 5 minutes
As you have learned, on any betting market, there are two sides of the bet. On one side, there are those betting on an event to happen (backers) and on the other, those betting on an event not to happen (the layers).
Backers and layers get bets ‘matched’ as long as they agree on a price (the odds) that an event will or won’t happen.
You can get an indication of how much you can wager at a particular price in the market view.
However, when it comes to identifying when your bet has been matched, or how to manage unmatched bets, you have some options. We explore all possible scenarios below.