lay the odds on fav if back price drifts to 36

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ingles11
Posts: 3
Joined: Thu Aug 27, 2020 1:27 am

simple lay file that will place a small fixed odds lay stake of £2 in running on what was the odds on fav ,only if its back price has drifted out to odds of 36 in running and it will trigger upto 2 times if first bet not matched i only use this with a liability set to £150 so will not match the bet if lay price greater than 74 .just add the automation file and select your gee gee from guardian nominated 1/2 you could also add another rule to say the selections lay price will be <70 also so doesnt go over the £150 liability
01wayne
Posts: 20
Joined: Thu Jun 11, 2020 12:20 pm

ingles11 wrote:
Thu Aug 27, 2020 2:02 am
simple lay file that will place a small fixed odds lay stake of £2 in running on what was the odds on fav ,only if its back price has drifted out to odds of 36 in running and it will trigger upto 2 times if first bet not matched i only use this with a liability set to £150 so will not match the bet if lay price greater than 74 .just add the automation file and select your gee gee from guardian nominated 1/2 you could also add another rule to say the selections lay price will be <70 also so doesnt go over the £150 liability
Can you be a bit clearer on how on how to add another rule so liability doesn't go over £150 please. Or could you show an attachment example?
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

01wayne wrote:
Fri Aug 28, 2020 8:51 pm
Can you be a bit clearer on how on how to add another rule so liability doesn't go over £150 please. Or could you show an attachment example?
Add an additional condition to each of the existing rules which checks that Lay price is <75.

As it stands this bot just checks that the Back price is >36 and then places the lay at best market price, that lay price will be at anything from 38 to 1000 so don't run it live as is. Although the author says it places a fixed odds bet it doesn't as far as I can see, fixed stake but not fixed price.

Even bots posted by Dallas (from BA) should be run in Practice mode first before you just hand them your wallet so do that with this one too. And don't expect it to make anything if you run it on just any old races, it might for quite sometime but not indefinately. You need to have a lot of straight wins to make up for one you lay at 75 which comes back to win. And that's more common than you think, approx 1 in 75. And about 1 in 38 come back from 38, you get the picture? The key to making money with a bot isn't taking a price or even a big price, it's about taking an offer someone's made at the wrong price. If you lay horses at 38 that should be 50 then eventually you'll win, but lay horses at 38 which should be 36 at that moment in that race, and you can't win long term.

If you're new to running bots then I strongly advise you don't have a £150 liability unless £150 doesn't mean anything to you. You'd be better off considering a liability of £2 rather than a stake of £2 until you know if this is going to win or lose. And if you plan to lay horses at 38+ you'll need to run this over almost 1000 races to know if it does, or if you're just being fooled by randomness.
Last edited by ShaunWhite on Sat Aug 29, 2020 5:02 am, edited 1 time in total.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

btw Practice Mode isn't to test the strategy, it's just to test the bot to make sure it functions as you expected. If you run extended trials in Practice Mode you're likely to be suspended by Betfair unless you're generating revenue for them with actual commission generating bets some other way.
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