Cross-Matching

How does cross-matching work on BetDEX?

What is Cross-Matching?

In a two-outcome market, if you Back Team A to win @ 1.50, that is the equivalent of Laying Team B to win @ 3.0.

Expanding on this logic, BetDEX implements 'cross-matching' to give you a more efficient method of posting liquidity & getting your bets matched.

What is the benefit for customers?

Your bets have a bigger chance of being matched, more liquidity can be provided, and spreads can be improved.

How does it work?

When you post liquidity on one outcome/side of a two-outcome market, we will automatically calculate the 'cross-price'.

Here is an example to help you understand this:

• User 1 places an unmatched order Backing Team A @ 1.40

• The offer then appears on the market, available to Lay Team A @ 1.40

• The derived probability of this is =1/1.40 = 0.71428.. = 71.428..%

• The inverse of this is =1-0.71428... = 0.28571... = 28.571..%

• The odds of this then is =1/0.28571.. = 3.50

• Therefore, the ability to Lay Team A @ 1.40 ⇔ Back Team B @ 3.50

• So the market will also display the offer to Back Team B

Which markets are running cross-matching?

Every market open on BetDEX which has two possible outcomes is running cross-matching.

Markets like 'Full Time Result' on Football (with three possible outcomes: home, draw, away) or 'Correct Score' markets do not run cross-matching.

Got any questions for us?

If you have any questions, reach out to us on Live Chat or via [email protected].