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If alternatively you should wish to benefit by receiving the same potential payout as you originally requested, but to smaller stakes, you can now specify on a LimitOrder an (placeOrders) an optional ‘betTargetType’ of ‘PAYOUT’ or ‘BACKERS_PROFIT’ (the latter being identical to layers’ liability) and a ‘betTargetSize’ representing the value of that payout or profit, together with the usual ‘price’ parameter to represent their limit price. Your bet will then be matched to achieve that payout or profit at the specified price or better.
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In order to allow customers to bet to smaller stakes on longer-priced selections, an extra property has been added to our Currency Parameters – “Min Bet Payout”.
As currently bets where the backer’s stake is at and above the ‘Min Bet Size’ for the currency concerned (£2 for GBP) are valid. In addition, bets below this value are valid if the payout of the bet would be equal to or greater than the value of ‘Min Bet Payout’ - £10 for GBP. For example, a bet of £1 @ 10, or 10p @ 100 or 1p @ 1000 are all valid as they all target a payout of £10 or more.
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