Non-RunnersWhen the market list is loaded, the BTX retrieves the list of Selections for each market on that list. The BTX identifies when any of these selections becomes a non-runner by the Betfair selection status ‘REMOVED’. When a non-runner occurs it will have a ‘reduction factor’ calculated by Betfair. All matched bets on other selections in the market will be reduced in price by Betfair by this reduction factor.
In the event of a non-runner the BTX will take the following actions on markets that have a betting plan attached:
•No bets placed yet – no action is required. The bet plan setting for max non-runners will determine whether or not the plan progresses from here.
•Bet 1(s) have been placed but none have been matched – the bets are cancelled and the plan is reset to start again. The bet plan setting for max non-runners will determine whether or not the plan progresses from here.
•At least one Bet1 has been matched (partially or fully) – the reduction factor of the non-runner is used to adjust the prices of any unplaced bets on the bet plan. Any bets already in the market will be automatically adjusted by Betfair.
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