Ladder view
The ladder view is one of the most popular views in trading software, because it’s very useful and it isn’t available at the Betfair site. It gives you an intuitive overview of the odds ladder, so you can quickly notice how the market is behaving and place bets that will be immediately matched or stand in line to be matched as soon as the market moves.
There are many graphical and dynamic indications in this view that will allow you to anticipate faster and more accurately how the market is going to react.
The top part of this view is similar to the grid view (check Grid View - Layout).
In the main area you can open as many ladder selections as you want. If the screen isn’t big enough, a scroll button will appear at the bottom, allowing you scroll the ladders.
The cash out button will close all bets in all ladders, if you want to close only the bets on a single selection you should use the hedge column.
Unlike in the grid view, in which there is a bets sidebar, in the ladder view a similar bar is presented at the bottom of each ladder selection.
There are 2 areas in the ladder view. The ladders are presented in the center and there is a collapsible menu on the right side, the options menu, which has staking options, scheduled bets and market rules, just like the Grid view, and it also has a few unique options, which are explained in detail in Menu Sidebar.
At the bottom, there is a status bar presented in all market views (Grid, Ladder, Multibet, Chart and All Markets), with information about Betfair connection API and a button to quickly save a screenshot of this window, which is useful to save and share interesting moments of the market.
The intuitive ladder betting interface has got a customizable layout made up of drag & drop columns. Moreover, by clicking the hamburger icon you can customize which columns to see, chart and bets list in the footer area, and create an enhanced ladder view adding special charts on the right side of each ladder. The Reset Ladder option reverts all changes made to the ladder layout.
There are 13 types of columns in the ladder:
• Chart: it’s a graphical indication of the odd value of the most recent matched bets: each line indicates a change in the LTP (green for a rise and red for a drop);
• Hedge: it’s a column that allows you to close all bets in a selection, distributing profit/loss equally by all selections: the profit (green) or loss (red) is presented for each odd value, so you can easily choose the hedge odd you want;
• My Back Stakes/My Lay Stakes: shows your unmatched BACK bets for each odd, allowing you to cancel bets in each odd with a single click;
• All My Stakes: presents all your BACK and LAY unmatched bets in a single column;
• BACK: it’s the blue column in which you place BACK bets (the odds with available money to have your bet immediately matched are colored dark blue, known as market take);
• Inverted BACK: it’s similar to the BACK column, but the value presented in each odd line is the total amount of BACK bets at that odd, so it’s ideal for market making;
• LAY: it’s the pink column in which you place LAY bets (the odds with available money to have your bet immediately matched are colored dark pink, known as market take);
• Inverted LAY: it’s similar to the LAY column, but the value presented in each odd line is the total amount of LAY bets at that odd, so it’s ideal for market making;
• Odd: it’s a column with all Betfair odds ladder values (from 1.01 to 1000). Whenever a bet is matched the LTP square is colored white;
• Matched: presents the total amount of matched bets at that odd since the market opened and, if the option is activated, the last traded amount will be shown in yellow;
• Stakes & Matched: hybrid 2 in 1 column with the “Matched” volume for each odd being replaced by the “All My Stakes” values when needed;
• Stakes & Odds: hybrid 2 in 1 column with the “Odds” values being replaced by the “All My Stakes” values when needed.
You can place bets by clicking a blue or pink square, regardless of whether you are viewing BACK/inverted BACK or Lay/Inverted LAY columns.
You can hide the Betfair Charts and (un)matched bets bar shown at the bottom of the ladder by clicking the graphs and dollar bill icons on top.
Note: Weight of Money is presented in red when it indicates an odd drop tendency and in green when it favors a rise.
You can customize the ladders by clicking the eye icon. You can show/hide a total of 11 columns, which can be ordered as you wish by dragging and dropping them in the desired place.
It makes no sense to have them all visible, as some are alternatives to others. For example:
• choose BACK or Inverted Back, not both;
• choose LAY or Inverted Lay, not both;
• choose the pair My Back Stakes /My Lay Stakes or just All my Stakes, not both.
Bellow we present a few examples of possible configurations.
Note: Wagertool saves the changes you’ve made to the ladder configuration when you close the ladder, so the next ladder you open will have that same configuration.
Default Ladder configuration with chart
This first example is the default configuration with the Chart column activated. This is a good option for market take, with separated unmatched BACK and LAY bets columns, which makes it easier to cancel just BACK or LAY bets.
Short market take ladder configuration
This second example is a reduced version of the previous default configuration, with the All My Stakes column replacing the separated columns for BACK and LAY stakes.
Although it’s shorter, all the functionalities and indicators from the default configuration are also available.
A good option to reduce the number of columns even further, should you need to do so, is to eliminate the Chart and Matched columns, which are indicators and not market action columns as the rest.
Short market make ladder configuration
This 3rd version is similar to the previous, but it’s designed for market making, with Inverted BACK and LAY columns replacing the BACK and LAY columns.
Notice that by clicking on an inverted column, at an odd with available money, you add money to that line, unlike normal BACK and LAY columns, in which you take money from it.
Inverted market make ladder configuration
In this last example, once again BACK and LAY Inverted columns are used. The difference is that the BACK and LAY columns have swapped positions, so the BACK column is on the left and the LAY column is on the right.
As you can see, there are many possible configurations, so have fun making Wagertool yours.
Note: Wagertool saves the changes you’ve made to the ladder configuration when you close the ladder, so the next ladder you open will have that same configuration.
This collapsible Options Menu is similar to the Grid Menu (Grid View - Menu Sidebar), but it has a few unique features:
• auto center ladders: when this option is activated Wagertool centers the ladder vertically on the average inner BACK and LAY odds, unless you have the mousse pointer over the ladder;
• last traded amount: tick this option to have Wagertool show the last traded amount in yellow (after a short period the total amount will be shown again);
• ladder size: edit row height and font size to fit the size of your screen;
• ladder selector: choose the selections of the market you which to see on the ladder (the first selection you tick will be shown on the left).
