THE BETOMETER HELP GUIDE
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WOM - WEIGHT OF MONEY
WOM or weight of money is a measure of how much money is available to back compared with how much money is available to lay – or to look at it another way, sellers verses buyers.
In theory, if there are more sellers than buyers then the price will fall and if there are more buyers than sellers then the price will rise.
See also help on graphs.
The figure of 77% is calculated by adding up all the money that is available:
379+134+49+39+82+43 = 726 and then dividing the sum of all the money on the buyers or backers side = 379+134+49=562
562 / 726 = 77%
As a general rule of thumb at less than 30% the price will fall and above 60% the price will rise.
In this example the price will therefore rise.
Note that the runner above this example did the opposite.
When used in conjunction with The Betometer prices and Form Data this is a very useful tool for predicting price movements that you can for example, Autohedge.