Is it possible to back in running at a lower price than is currently available?
For instance if you are reverse dobbing and you needed to back at half your odds, but the best odds available are above that?
Any help would be greatly appreciated.
How to back IR at lower odds?
This should help answer your Q.
viewtopic.php?f=47&t=11621
viewtopic.php?f=47&t=11621
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DanMcWilliams
- Posts: 54
- Joined: Thu Nov 20, 2014 12:11 pm
Thanks for your help Dallas.
Is there a last traded price you would recommend as the when the horse is running home the price skips quite a lot. So theoritacly could skip from 1.7 straight to 1.5.
Is there a last traded price you would recommend as the when the horse is running home the price skips quite a lot. So theoritacly could skip from 1.7 straight to 1.5.
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DanMcWilliams
- Posts: 54
- Joined: Thu Nov 20, 2014 12:11 pm
Sorry one more question,
If the back bet doesn't trigger is there a way to put another back bet in straight away at a lower price?
If the back bet doesn't trigger is there a way to put another back bet in straight away at a lower price?
the one who offers the best price will have the privilege of getting matched first. The best backing price is 1.01. You will always get matched if you offer at 1.01. That's what most of "bridge jumpers" also known as inplay traders of final stages of the race do.
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DanMcWilliams
- Posts: 54
- Joined: Thu Nov 20, 2014 12:11 pm
If I wanted to reverse dob and lay a horse at 6.0 and if it does lower in running, back at 3
Would a fill a kill bet at 1.01 using the last price below say 3.10 work.
If I only wanted to make sure one bet was matched how would I trigger that?
Would a fill a kill bet at 1.01 using the last price below say 3.10 work.
If I only wanted to make sure one bet was matched how would I trigger that?
You would set it to just trigger the one time, triggering @ 3.10 and backing @ 1.01 will get matched at something but it ll be what ever the best odds are when you bet appears in the market.
If you want at least 3.0 you would need to enter this as you back price but that wont always gurantee a match if the price is dropping rapidly.
Just need to find what suits what your doing best with a bit of trial and error
If you want at least 3.0 you would need to enter this as you back price but that wont always gurantee a match if the price is dropping rapidly.
Just need to find what suits what your doing best with a bit of trial and error
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DanMcWilliams
- Posts: 54
- Joined: Thu Nov 20, 2014 12:11 pm
Thanks for your help guys, greatly appreciated
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DanMcWilliams
- Posts: 54
- Joined: Thu Nov 20, 2014 12:11 pm
I'm trying to back at a percentage of the SP.
I've backed at 1.01 but it will only let me back at certain ticks below SP or a certain amount of odds below SP.
Is it possible to back at a percentage?
I've backed at 1.01 but it will only let me back at certain ticks below SP or a certain amount of odds below SP.
Is it possible to back at a percentage?
Its not possible to back to a percentage of SP, but you can do similar with reverse dobbing as when dobbing and calculate the loss value they is the equivilent of the percentage you want to use.
So if you wanted to lay at SP and back (to close/exit) if the odds fell to 50% of the SP the loss you would have would be equal to your lay stake used
So Lay £20 @ 5.0
Back @ 2.5 with the conditon the "green all profit condtion" is less than -£20
That effectivly places you back bet when a £20 loss is exceeded which will happen once the odds are 50% or less of the SP layed at.
So if you wanted to lay at SP and back (to close/exit) if the odds fell to 50% of the SP the loss you would have would be equal to your lay stake used
So Lay £20 @ 5.0
Back @ 2.5 with the conditon the "green all profit condtion" is less than -£20
That effectivly places you back bet when a £20 loss is exceeded which will happen once the odds are 50% or less of the SP layed at.