Limit On Close confusion.

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  • Toby Hutton
    Junior Member
    • Aug 2009
    • 2

    #1

    Limit On Close confusion.

    Hi there.

    Today my client layed a runner with a Limit On Close of $1.60. The closing prices were $1.06 for the 'actual' BSP and $1.60 for the 'near' BSP. As far as I can tell from my logs and the betting history on the betfair site the bet was cancelled.

    Now, I assumed that the actual BSP was the final price which decided whether the bet should be cancelled or not, and at $1.06 it's way under the $1.60 I set the limit to (and a tidy profit if it was all matched!) but it appears the near BSP on close was responsible.

    Anyone know what's going on here?
  • Toby Hutton
    Junior Member
    • Aug 2009
    • 2

    #2
    Ahh, I think I've worked it out. My logging stops when the market is suspended rather than closed. The final price must've been over the LOC afterall. Doh.

    As you were.

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