A sports exchange can move through several different stages during the same event. One minute prices are changing normally, and seconds later the market may become suspended or unavailable. For users following live cricket through Cricplus, understanding these labels can prevent confusion about whether an order can still be submitted, matched or settled. Cricplus currently provides live sports sections with active markets and changing match information, although exact market rules and terminology should always be checked for the individual event.
What Does an Open Market Mean?
When an exchange screen labels a market as open or active, it generally means users can currently view prices and submit eligible orders.
An open market may display:
- Available back and lay prices
- Amounts available at different odds
- Existing matched activity
- Unmatched orders
- Current market information
However, an order appearing on an open market does not guarantee that it will immediately be matched. Exchange orders need an opposing participant, and official Betfair exchange guidance notes that orders can be fully matched, partially matched or remain unmatched.
For someone using Cricplus Login during a cricket match, checking the final matched amount is therefore more useful than assuming that pressing submit completed the entire order.
What Does Suspended Mean?
A suspended market is temporarily unavailable for new matching or normal market activity.
Suspensions are especially common during live sport because a significant event may require prices to be recalculated. Betfair gives examples including goals, VAR decisions and other important match incidents that temporarily cause market suspension.
In cricket, similar pauses may occur around major events such as:
- A wicket
- A review decision
- The end of an innings
- A rain interruption
- A disputed result
- A significant match-status change
For Cricplus App users, “suspended” should not automatically be interpreted as “cancelled.” It often means the market is temporarily paused while new information is processed.
Can a Suspended Market Reopen?
Yes, depending on the event and applicable rules.
A temporary suspension may end once the platform has updated the market following the relevant match event. Prices can then appear again and trading may resume.
This is why Cricplus Live users should avoid repeatedly refreshing or submitting duplicate actions during a suspension. It is better to wait until the market clearly returns to an active state.
Exchange operators may also suspend markets for integrity, technical or result-related reasons. Betfair’s exchange rules explicitly allow markets to be suspended while uncertainty is resolved.
What Does Closed Mean?
A closed market generally means that no further orders can be accepted because the relevant market has ended or has been permanently taken down.
This can happen because:
- The event has finished
- The market outcome is already determined
- The market has reached its scheduled end
- The operator has voided or withdrawn it
- The market has been closed under event-specific rules
Betfair’s exchange guidance notes that unmatched orders may lapse when a market finally closes if they were never matched.
For Cricplus Pro readers, this is an important distinction. A closed market can contain previously matched orders that still require settlement, while unmatched offers may no longer have any opportunity to become matched.
Closed and Settled Are Not Always the Same
This is where many beginners become confused.
“Closed” normally describes whether the market is still available for trading. “Settled” describes what has happened to the financial result of already matched orders.
The sequence can therefore be:
- Market remains open while the event is active.
- Market becomes suspended around an important event.
- Market closes once the relevant outcome is complete.
- Results are checked under the applicable rules.
- Matched orders are settled.
Betfair says markets are generally settled shortly after the event finishes, but settlement may be delayed when there is uncertainty around the official result.
That means Cricplus Login users should not assume a closed label necessarily means balances have already been updated.
What Does Settled Mean?
Settlement occurs when the applicable result has been established and matched orders are financially resolved according to the market rules.
Depending on the result, settlement may involve:
- Crediting a successful outcome
- Applying a losing result
- Returning stakes on void markets
- Applying relevant charges or commission
- Adjusting balances after an official correction
Betfair’s general exchange rules state that settlement normally relies on the official result from the relevant governing body unless specific market rules provide another basis.
For Cricplus App users, settlement is therefore the stage that determines the final account result, not simply whether a market disappeared from the live screen.
Can a Settled Market Ever Be Changed?
Occasionally, yes.
An exchange operator may need to resettle a market if the initial settlement was based on an incorrect result, technical mistake or later official correction within the applicable rules. Betfair explicitly reserves the right to reverse or amend an erroneous settlement.
Cricplus Live users who notice an unexpected balance adjustment should therefore first check the official market result and settlement information before assuming that a transaction has disappeared.
Quick Market Status Checklist
Before taking further action on an exchange screen, check:
- Open: Is the market accepting orders?
- Suspended: Is activity temporarily paused?
- Closed: Has further market activity ended?
- Settled: Has the financial outcome been applied?
- Matched status: Was your entire order actually matched?
- Market rules: Are there special conditions for abandonment, ties or interruptions?
Cricplus currently emphasises clear market information and responsible platform use, making these checks particularly useful during fast-moving events.
Conclusion
Open, suspended, closed and settled describe different stages of an exchange market rather than interchangeable labels.
For Cricplus users, the simplest way to remember them is: open usually means activity is available, suspended means temporarily paused, closed means no further market action, and settled means the financial result has been applied.
Cricplus Pro users should also check whether an order was actually matched and read the specific market rules, because event interruptions and settlement conditions can affect the final outcome.
FAQs
What does an open exchange market mean?
An open or active market generally means eligible orders can currently be submitted, although they still need opposing liquidity to become matched.
Does suspended mean my order has been cancelled?
Not necessarily. Suspension is often temporary and can occur after important live events while prices or market information are updated.
What happens to an unmatched order when a market closes?
On standard exchange systems, an unmatched order that never finds an opposing match may lapse when the market finally closes, subject to specific market rules.
Is a closed market already settled?
Not always. A market can stop accepting activity before its matched orders have been financially settled.
Can a settled result be corrected later?
Yes, in exceptional cases. Exchange rules may allow resettlement when the original settlement was incorrect or when an official result changes under the applicable rules.
