Basic Automation Lay Question Help Please

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scesc
Posts: 97
Joined: Sun May 22, 2016 8:01 am

Hi, new user to this and I'm looking for an answer to a basic automation rule question please. I've tried this in Practice mode, but still none the wiser.

I'm looking to lay when the price of the Draw goes below say 3.6. Are the settings in the screenshot correct ?

The part that's confusing me is that I select "Place Lay Bet" under the General tab, and that forces me to fill in values in both the Parameters and Conditions tabs. I set the Parameter as "Place at Fixed Price of 3.55" and the Condition being set as a Fixed Odds condition, with "The selections Lay Price, is less than 3.6". So if a team were to score and the Lay price for the draw dropped from 4.0 to 2.0, what price would my Lay bet go in at ? Would it offer 3.55 to the backers, or queue up at 2.0 ?

Or am I doing this totally wrong ?

Thanks
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Dallas
Posts: 23558
Joined: Sun Aug 09, 2015 10:57 pm

When ever submitting any bets via automation or manually Betfair will always match you at the best price available when it hits the market, so if your automation lay is triggered as the odds slowly reduce from the way you have it set it will be triggered as the lay price goes below 3.6 be placed at 3.55 and matched at or around the same odds.

If the odds where suddenly to crash down to 2.0 your lay would still be triggered once your rule detects the lay price has gone below 3.6 and be placed at 3.55 still but you ll be matched at 2.0 or what ever the best odds are when it hits the market.

Except for only a handful of times the draw odds will increase with a goal not lower
scesc
Posts: 97
Joined: Sun May 22, 2016 8:01 am

Thanks for the response, and for understanding what I actually meant. It was of course meant to be as time passes, not when a goal is scored.
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