Offset with Greening - How to avoid this situation

[scesc]

Playing in practice mode while the Wales N.Ireland game is on

I'm putting in £20 Back bets on Wales at various prices as the game progresses, and the corresponding Lay bets sit in the queue. (I have it set up as offset bet with greening)

When the Wales goal went in, their price went to 1.16, but of course, all my Lay bets are at different offsets, and from the matched bets tab, it appears they got matched at the prices they were in the queue at, which of course is a lot more than the current price.

Is there a way to set this up so the Lays go in at the current price, and of course automatically adjusting the amount that is being laid ?

[jimibt]

The image describes the scenario quite well. However, I think the best bet (no pun intended!) is to also attach your rule and then Dallas (or myself even ) can tweak it to match your expectations.

It definitely is very possible using signals to mark and map certain trades and therefore use discrete greening based on those signal values.

[scesc]

Jimibt, I now have a feeling I'm looking at this in the wrong way.

Basically my trial yesterday was just to see how the offset bet with greening behaved when a sudden price drop occurred.

So, consider the following example. I'm watching a game, and convinced my selection will take the lead with a goal. At this point I'm manually backing them at various odds as time passes, and their odds increase.

If/when the goal comes, I want to lay off all those bets at the greatly reduced price, and as there will be occasions when I can't stay at my PC for the whole game to green up manually, I want to do this automatically.

[Dallas]

A automation rule can keep backing every few mins (providing the odds are still rising) then if there is a sudden drop have it green up as soon as the odds settle.

Could even have it stop backing after a certain amount has been bet or if there is a sudden jump which would suggest the other team may have scored

[scesc]

Thanks, I guessed it must be in the automation somewhere, but I looked at this, and have spent the last 20 mins trying to set it up (using some a currently in play Peruvian game that hardly anyone seems to have an interest in !), but I cant even get it to place the back bet as the price goes out.
Is my Condition setting correct ?

[scesc]

Skip that, I can see the bets are going in, but how come they don't show on the matched bets tab in Guardian, and also, from the condition I set shown above, why would they be going in when the price hasn't increased ? Maybe just because this market has almost no liquidity ?

[Dallas]

I would use the "historic relative odds cond" and set up similar as to shown in the image (using what ever movement/time you want).

Then on your "Green All" rule use the same condtion this time to specify the odds have to be something like 20 ticks lower than they where 60 seconds ago
also use the "Time since market was suspended" is greater than 45secs to allow the odds to settle a bit.

Those quoted times and ticks above are just guides.

Also if trying on illiquid games you have to take into account all the gaps so the could be a fiar bit of difference between the traded odds even though the price has nt really gone anywhere.

[scesc]

Thanks very much Dallas, I'll set this up in practice mode on one of tomorrows Euro games and see how it looks then.

[scesc]

Hi Dallas, I have the back bet automation set up as you previously described, but have a couple of questions

1. I now have a Back Bet rule, and also a Green Up rule, how do I apply 2 rules to the same market ?

2. I want to stop any further Back bets going in if the Green Up has gone in. How do I automatically stop the Back bets rule from firing in again once the odds have settled after a goal ?

[Dallas]

1, You can add as many rule types within the same saved rule file (but only apply 1 file per markets), this link explains how and what to do
viewtopic.php?f=47&t=11857

2, This link explains the answer to your 2nd question
viewtopic.php?f=47&t=11656

[scesc]

Somehow this automation on the England game went wrong. I started it when the game was 1-1, so about 5 minutes in. The back bets were going in at 5 minute intervals as the England price went out., but then it greened up at 24 minutes in, then continued to place back bets.
I've attached the automation file to see if someone could tell me where I've made the error if a knowledgeable person gets a few mins. Thanks in advance

27/06/2016 20:08:46: Market changed to England v Iceland - Match Odds
27/06/2016 20:10:09: [G_Auto] : £ 2.00 Back bet placed on England at 1.48. Fully matched at 1.48. Ref: 10000 ( Fill or kill bet with 15 seconds delay. )
27/06/2016 20:15:51: [G_Auto] : £ 2.00 Back bet placed on England at 1.5. Fully matched at 1.5. Ref: 10001 ( Fill or kill bet with 15 seconds delay. )
27/06/2016 20:19:06: Market has been suspended
27/06/2016 20:19:48: Market has been unsuspended
27/06/2016 20:20:51: [G_Auto] : £ 2.00 Back bet placed on England at 2.36. Entirely unmatched when it initially reached the market. Ref: 10002 ( Fill or kill bet with 15 seconds delay. )
27/06/2016 20:20:51: [G_Auto] : £ 2 of unmatched bet (Ref:10002) was filled before remainder was killed.
27/06/2016 20:23:36: [G_Auto] : £ 2.00 Back bet placed on England at 2.4. Fully matched at 2.42. Ref: 10003 ( Fill or kill bet with 15 seconds delay. )
27/06/2016 20:24:36: [G_Auto] : Greened up England by Laying 6.36 at 2.44
27/06/2016 20:28:36: [G_Auto] : £ 2.00 Back bet placed on England at 2.74. Fully matched at 2.76. Ref: 10005 ( Fill or kill bet with 15 seconds delay. )

[Dallas]

Its just a slight error on your "Historical Relative Odds Condition" on your greening rule, you can use either

Betfair Row 1's 'LTP'
'Now'
is 'Less' than
Betfairs's Row 1 'LTP'
'60 Secs ago'
'Minus' 2 ticks

Or

Betfair Row 1's 'LTP'
'60secs ago'
is 'Greater' than
Betfairs's Row 1 'LTP'
'Now'
'Plus' 2 Ticks

I would also recomend using more than 2 ticks, a suspension for penalty or similar thats not scored could see the odds drop down a few ticks as people open and close positions so could green you up prematurly

[scesc]

Much appreciated. I shall have a cup of coffee, get my eyes adjusted, and try and set this up correctly for the next game. Thanks

[scesc]

I tried this again last night on a match that had some liquidity. Prices certainly seemed reasonably stable anyway, but something occurred that puzzled me. This was in practice mode.

The log shows the following (the sudden jump in odds, was because the away team went 1-0 up)

28/06/2016 20:57:22: Market changed to Al Ahly v ASEC Mimosas - Match Odds
28/06/2016 20:59:16: Market has been suspended
28/06/2016 20:59:16: Market is in-play
28/06/2016 20:59:17: Market has been unsuspended
28/06/2016 21:01:52: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 1.34. Fully matched at 1.34. Ref: 10000 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:07:09: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 1.38. Entirely unmatched when it initially reached the market. Ref: 10001 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:07:14: [G_Auto] : £ 2 of unmatched bet (Ref:10001) was filled before remainder was killed.
28/06/2016 21:08:02: Market has been suspended
28/06/2016 21:09:00: Market has been unsuspended
28/06/2016 21:12:58: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 1.39. Fully matched at 1.39. Ref: 10002 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:16:46: Market has been suspended
28/06/2016 21:20:21: Market has been unsuspended
28/06/2016 21:21:07: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 1.4. Fully matched at 1.41. Ref: 10003 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:26:07: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 1.62. Fully matched at 1.62. Ref: 10004 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:26:32: Market has been suspended
28/06/2016 21:27:15: Market has been unsuspended
28/06/2016 21:27:35: Market has been suspended
28/06/2016 21:27:45: Market has been unsuspended
28/06/2016 21:31:19: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 2.8. Fully matched at 2.82. Ref: 10005 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:34:26: Market has been suspended
28/06/2016 21:35:10: Market has been unsuspended
28/06/2016 21:35:36: Market has been suspended
28/06/2016 21:35:41: Market has been unsuspended
28/06/2016 21:38:08: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 2.92. Fully matched at 2.96. Ref: 10006 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 21:39:24: Market has been suspended
28/06/2016 21:39:51: Market has been unsuspended
28/06/2016 21:40:49: Market has been suspended
28/06/2016 21:41:16: Market has been unsuspended
28/06/2016 21:43:08: [G_Auto] : £ 2.00 Back bet placed on Al Ahly at 2.86. Fully matched at 2.86. Ref: 10007 ( Fill or kill bet with 15 seconds delay. )
28/06/2016 22:04:24: Market has been suspended


But when I looked at the matched and unmatched bets in the automation, it appears that some matched bets were missing (screenshot). Any idea why that would be ?

[Dallas]

I have seen this once or twice before in the past where the bets show on the main 'matched bets' screen, 'log' and in the actual market but just not in guardians 'matched bets' area.
Ill see if i can find the thread later