Back To Lay (Lay In Two Parts)

[Jodami]

Question for Dallas is it possible to automate this strategy which is a variation on the normal B2L?

This is a variation of the B2L option above in the fact of taking a price pre-race and you place two
closing lay bets into the market. The first is at 30% lower than the price you took pre-race covering
your initial stake; the second is at 50% lower leaving equal profits on the field.

Example:
• Opening Position (Bet) - £50 at 7.0
• Closing Position 1 (Lay Bet) - £50 at 4.90 (To get the 30% price point you times the
opening position price by 0.70 (7.0 x 0.70 = 4.90))
• Closing Position 2 (Lay Bet) - £30 at 3.50
• Profits: Equal profits across the field of £30

Thanks in advance.....

[Dallas]

All you'd do is split the back bet into two and offset each accordingly

So assuming you are using a £50 back stake

Back bet (A) uses £25 stake and offsets at 30%
Back bet (B) uses £25 stake and offsets at 50%

[Jodami]

Thanks for the reply would it be easy to set that up with Guardian as a piece of automation.

[Dallas]

Thanks for the reply would it be easy to set that up with Guardian as a piece of automation.

Yes, very straight forward

I've actually just remembered there is one already done that does exactly what you want, you'll just need to edit the offset % of one of the rules
viewtopic.php?f=52&t=13629

[Jodami]

Could you make automation as a servant and use as a custom column on the one click screen......that would be perfect.

[Dallas]

Could you make automation as a servant and use as a custom column on the one click screen......that would be perfect.

Yes, usually the only differences are you change one or more of the following to use Servant context rather than a fixed option with the automation rule
the selection applied to
Stake used
price placed at

So in that example I linked to you'd need to change the applies to from nominated selection to servant context
but its up to you if you also wanted to change the stake and place at option to give you more flexibility between different races

[Jodami]

Great, think I managed to do that this morning via changing to servant context......thanks again for your help

[iambic_pentameter]

Is there a way of amending this so that:

Back bet is placed at 6 (for example) for £10

An initial lay bet to remove the £10 liability a certain % lower i.e 20% / 30% etc

If the price then gets to 3, then it greens up.

I've tried to work the current example but it still leaves some liability even it it hits 20%/30%

Many thanks,

Iambic

[Dallas]

Is there a way of amending this so that:

Back bet is placed at 6 (for example) for £10

An initial lay bet to remove the £10 liability a certain % lower i.e 20% / 30% etc

If the price then gets to 3, then it greens up.

I've tried to work the current example but it still leaves some liability even it it hits 20%/30%

Many thanks,

Iambic

Quite a bit needs changing

First on one of the back bet rule use the stored value tab to
Store the back price
minus 50%
rounded to nearest vaild price

Then Instead of using offsetting (so removed that on both back bet rules parameters tab) you'd need to add 1 'place lay bet rule'
and 1 'close trade on selection with greening' rule

The lay bet rule just needs to be armed after the back bet rules have triggered and contain a
'amount of matched bets condition'
Total amount of back bets
are equal to a foxed amount
(enter whatever the total stake is for both back bets
https://www.betangel.com/user-guide/mat ... ounts.html

The close Trade rule can be armed once the race is in-play and contain
number of unmatched bets condition
on selection is equal to 0

On the parameters tab of the close trade rule place at 'Stored value price'
and enter the name of whatever you named the stored value on the back bet rule at the start

That should do it

[iambic_pentameter]

Hi Dallas

Thanks for this - will have a play and no doubt send out a distress signal in the next day or so.

Cheers,

Iambic

[Dallas]

Hi Dallas

Thanks for this - will have a play and no doubt send out a distress signal in the next day or so.

Cheers,

Iambic

No probs, looks more complicated than it is, but if you take it line by line you shouldn't have to much trouble, but if you do get stuck just pop another message up