This is the issue when liability staking odds on, luckily your bet was at 1.3 and not 1.01. £10 "liability" at 1.01 requires a stake of £1000.
Dallas will expand on that but I seem to remember that a staking method of 'Liability (lay only)' will sort it rather than going for 'Liability (Back or Lay)'....could be wrong, check 1st in practice mode obv.
Back or Lay at a Percentage of BSP Guardian Automation Bot
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Thanks for the reply my understanding was that a Liability bet was like a safety net where the most you could lose was the actual stake amount in this case £10.
Regards,
Mick
Regards,
Mick
When backing using the regular 'fixed stake' as the back bet rule of this file does your only risking the amount you stake.mickypaul72 wrote: ↑Thu Jan 03, 2019 4:11 pmThanks for the reply my understanding was that a Liability bet was like a safety net where the most you could lose was the actual stake amount in this case £10.
Regards,
Mick
When using the 'by liability' staking method yes its the amount you are willing to lose when laying but when backing with it it becomes the reverse and the amount you are wanting to win, so whenever backing at odds-on the stake required will always be greater than the amount you want to win
As Shaun said if you go as low as 1.01 and are backing 'by liability' to try and win £10 it will require a stake of £1000 to do so
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https://www.betangel.com/user-guide/sta ... 3D&mw=MzIw#
It's a clear as mud in the user guide....apparently it's not your liability but "the liabiity the person who takes your bet is accepting" ? ?
Have a play in PMode but I'm sure there's a pitfall when short odds on (I don't use it, so I'm rusty in this area)
By Liability (Lay Only)
The ‘Seed Stake’ you have entered (or in the case of the Ladder, selected from the Standard or Preset area) now becomes the liability you are willing to accept on lay bets. So, if you have selected a £20 stake and place a lay bet at odds of 3.5, Bet Angel will calculate the amount needed to realise a £20 liability; at odds of 3.5 it would mean a lay bet of £8.00 is submitted to the market. This means if that selection loses you make a profit of £8.00 and if it wins you lose £20. Note: When using this ‘Lay Only’ method, back bets behave the same as when using a ‘fixed stake’ so your risk in the market will be the same £20 regardless of whether backing or laying.
By Liability (Back & Lay Bets)
This option is most useful when you wish to trade by liability. Your back bets are staked in a similar way to the lay bets so that positions in the market can be easily opened and closed. In the case of a back bet, the ‘Seed Stake’ will now be your potential profit (the liability the person who takes your bet is accepting) so if you have selected a £20 stake and place a back bet at odds of 8.0 Bet Angel will calculate the amount required to realise a £20 profit; at odds of 8.0 it would mean a back bet of £2.86 is submitted to the market. This means if that selection wins you make a profit of £20 or a loss of -£2.86 if it loses
It's a clear as mud in the user guide....apparently it's not your liability but "the liabiity the person who takes your bet is accepting" ? ?
Have a play in PMode but I'm sure there's a pitfall when short odds on (I don't use it, so I'm rusty in this area)
By Liability (Lay Only)
The ‘Seed Stake’ you have entered (or in the case of the Ladder, selected from the Standard or Preset area) now becomes the liability you are willing to accept on lay bets. So, if you have selected a £20 stake and place a lay bet at odds of 3.5, Bet Angel will calculate the amount needed to realise a £20 liability; at odds of 3.5 it would mean a lay bet of £8.00 is submitted to the market. This means if that selection loses you make a profit of £8.00 and if it wins you lose £20. Note: When using this ‘Lay Only’ method, back bets behave the same as when using a ‘fixed stake’ so your risk in the market will be the same £20 regardless of whether backing or laying.
By Liability (Back & Lay Bets)
This option is most useful when you wish to trade by liability. Your back bets are staked in a similar way to the lay bets so that positions in the market can be easily opened and closed. In the case of a back bet, the ‘Seed Stake’ will now be your potential profit (the liability the person who takes your bet is accepting) so if you have selected a £20 stake and place a back bet at odds of 8.0 Bet Angel will calculate the amount required to realise a £20 profit; at odds of 8.0 it would mean a back bet of £2.86 is submitted to the market. This means if that selection wins you make a profit of £20 or a loss of -£2.86 if it loses
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Thanks Shaun and Dallas I finally understand now. Thats why the Bot has a fixed stake on the back side, like Shaun said I was lucky I didnt get stung big time.
Regards.
Mick
Regards.
Mick
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Idealy the back price would need to be >3 unless you shorten the percentage.
Regards,
Mick
Regards,
Mick
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I've not tried this myself so perhaps use in practice mode initially.
Regards,
Mick.
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£ 10.00 Back bet placed on Cape Greco at 1.24. Fully matched at 1.40096.
Finding sometimes Horse looks like it going to win, it places the 50% back bet but gets matched higher as another horse coming on stronger. Is there a way to cancel if not matched quickly or are the odds moving too quick?
Finding sometimes Horse looks like it going to win, it places the 50% back bet but gets matched higher as another horse coming on stronger. Is there a way to cancel if not matched quickly or are the odds moving too quick?
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Betfair will always match you at the best available price in your case 1.40096. I was thinking a good strategy could be to use offset with greening for the back percentage. I’m not on my computer at the moment so I’ll have a gander tomorrow
Regards
Mick
Regards
Mick
You would add a close trade on selection condition with the following condition
number of place bets triggers cond
on selection
is greater than 0
fixed odds condition
selections lay price
is greater than 2.0
No offset bets can't be used when taking SP, you can just add a green up rule bet to trigger once the profit reaches 30% of your stake
viewtopic.php?f=47&t=11488