The questions a quoted price raises, answered
The questions are the ones readers actually ask, and each answer is short enough to use. Every figure behind an answer is on the overview and the page named beside it.
- questions
- 12
- short answers
- 6
- samples behind them
- 10
- figure reuse
- no new numbers
A quoted price is the price your own account is offered, as against the market price shown beside the selection. They are frequently the same and are not required to be: on the samples one selection with a market price of 1.90 was quoted to 120 accounts across five levels from 1.88 to 2.00, and the receipt, not the screen, governs the bet.
Six answers in short
The twelve questions
The answers below repeat no new figure: every number in them is one of the ten samples, and the page that develops each one is named beside it.
- Establish which of the two prices you are looking at.
- Check whether a ceiling or a condition is attached to the price you were quoted.
- Keep the reference, because it is the only part that outlives the session.
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The questions, in full
Why do two accounts see two different prices on the same selection?
Because a market price is displayed to everyone while a quote is offered to one account. On the samples, four mechanisms explained all 120 quotes: the stake band (46), the account tier (31), a capped price (27) and a price the reader chose (16). Two are set by the operator, one arrives with a condition and one is the reader own choice.
Is the displayed market price the price I will get?
Not necessarily. On the samples the market price was 1.90 for all 120 accounts and only 42 were quoted it. Thirty-four were quoted 1.92, twenty-six 1.95, ten 2.00 and eight 1.88, so 65.0% of accounts were quoted something other than the displayed price.
How much is a quoted-price difference worth in money?
It is the price gap multiplied by the stake. On a 25.00 stake the two ends of the sample return 47.00 and 50.00, a difference of 3.00. Across 120 quotes at an average 25.00 stake the whole spread came to 70.50 of additional potential return, which is not a gain.
Does a bigger stake get a worse price?
On the samples it gets a better one. The five stake bands were quoted 1.86, 1.89, 1.92, 1.95 and 1.98, a range of 6.5% in favour of the larger stake, because the band manages the operator exposure rather than the reader ambition.
Does the age or the tier of my account change my price?
On the samples it does. Five account tiers were quoted 1.90, 1.92, 1.94, 1.96 and 1.98 on one selection, a range of 4.2% that runs in favour of the account that has been open longest. Unlike a stake band, nothing done on the bet slip changes a tier.
What is a promoted price with a maximum stake actually worth?
A flat sum rather than a rate. A headline 2.20 against a market price of 1.90 with a 10.00 cap is worth 10.00 times 0.30, or 3.00, at a 10.00 stake and the same 3.00 at a 200.00 stake, because everything above the cap is repriced at the market price. That is 15.8% of a 10.00 bet and 0.8% of a 200.00 one.
Is a longer price always better than a shorter one?
No, because a longer price arrives with a smaller ceiling. On the samples 1.70 carried a 100.00 maximum stake, 1.90 a 50.00 one and 2.10 a 20.00 one, so the maximum returns were 170.00, 95.00 and 42.00. The shortest price returned 4.05 times what the longest one did.
Can a price be withdrawn or refused before I accept it?
Yes. Of 200 sample attempts, 148 were placed at the quoted price, 34 were repriced in the seconds before acceptance and 18 were refused. Fourteen of the eighteen refusals, or 77.8%, fell in the largest stake band.
Which price governs the bet if there is a dispute?
The price on the receipt. Of 100 disputed quotes the accepted price governed 100 and the headline price governed none, because the accepted price is the one the bet was made at. A price history was available for only 41 of the 100.
What should I keep when I place a bet?
The four numbers on the receipt: the price, the stake, the potential return and the reference. Any three derive the fourth, so the arithmetic can be checked later in about 1.5 minutes, and the reference is the only part of the transaction that a request can name.
Can I change a quoted price?
Only two of the four mechanisms. A reader can move the stake band (1.86 to 1.98 across five bands) and choose a price (1.70 to 2.10 on three lines with different ceilings), which is 62 of the 120 sample quotes, or 51.7%. The account tier and a capped price are not movable from the bet slip.
Does a quoted-price difference matter over a year?
It repeats, which is what makes it matter. A reader placing twelve bets a month of 25.00 has 300.00 of monthly turnover, and the sample mean advantage of 1.24% is 3.72 of additional potential return a month, or 44.64 a year. A reader quoted 1.053% the other way is 3.16 a month against.