When 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.
