The market is where you place a bet on an event. Any given event, such as a soccer match, may have a number of different markets: for example, Match Odds, a Handicap and First Goalscorer markets. This is the place to view the odds and have a bet.
The Market Base Rate is the maximum commission rate on a particular market.
If the Market Base Rate on a market is 5%, and your Discount Rate is 10%, you will pay 4.5% commission on any winnings for that market.
The Market Info tab contains specific market information about the event you have selected. This includes the amount of money matched on the market as well as detailed market rules.
A Match Odds market is where to bet on the result of a given match.
A matched bet is a bet that has been made between either two customers, a backer and a layer, or between a customer and Betfair. Once a bet is matched it cannot be edited, amended or cancelled, other than by Betfair.