take sp problems

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deanc
Posts: 5
Joined: Mon Mar 21, 2016 11:10 am

Hi i placed a bet earlier and pressed take sp for 10 pound and when the market went off it only matched for 7.70
Am i doing anything wrong?
Also i done this in practice mode as i had some trouble with the take sp earlier in the day
Has anyone else had the same problem or am i doing something wrong im not seeing?
Thanks in advance Dean
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Was it a lay bet? I'd guess the returned SP was a lot higher than when you placed the bet. SP bets are calculated by liability so £10 at 4/1 would be a £40 liability, if those odds rose to 8/1 your £40 liability would return a £5 stake.

I'd be very surprised if if was a single £10 back bet that only got part matched.
deanc
Posts: 5
Joined: Mon Mar 21, 2016 11:10 am

Yes that's makes a lot of sense and sounds right
I couldn't work out where I'd gone wrong,thank you for the reply
I'll be able to sleep now knowing why it happened
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Dabbla
Posts: 826
Joined: Wed Apr 15, 2009 1:50 pm

Are there any known issues with TAKE SP. I have been testing some excel stuff and noticed take sp does not seem to be working. Even when excel was off.

BA LOG
02/07/2016 19:14:52: Market changed to Nott 2nd Jul - 19:15 1m2f Stks
02/07/2016 19:15:06: £ 2.00 Back bet placed on Pointel at 2.16. Fully matched at 2.16. Ref: 70584518887
02/07/2016 19:15:08: £ 2.00 Lay bet placed on Pointel at 1.98. Entirely unmatched when it initially reached the market. Ref: 70584520927
02/07/2016 19:15:08: [Excel] : Modify bet persistence 70584520927 from 'Cancel' to 'Take SP'

02/07/2016 19:15:15: Bet moved on ladder - Modify bet 70584520927 from 2 @ 1.98 to 2 @ 1.96 [Take SP at in-play] New Ref: 70584529544
02/07/2016 19:15:44: Market has been suspended
02/07/2016 19:15:44: Market is in-play
02/07/2016 19:15:45: Market has been unsuspended
02/07/2016 19:15:54: Greened up Pointel by Laying 1.89 at 2.28
02/07/2016 19:16:00: Greened up Pointel by Laying 0.07 at 2.38
02/07/2016 19:18:11: Market has been suspended

02/07/2016 19:23:31: Market changed to Belle 2nd Jul - 19:25 3m Mdn Hrd
02/07/2016 19:24:10: £ 2.00 Back bet placed on Bel Sas at 1.81. Entirely unmatched when it initially reached the market. Ref: 70585015475
02/07/2016 19:24:12: £ 2.00 Lay bet placed on Bel Sas at 1.7. Entirely unmatched when it initially reached the market. Ref: 70585016960
02/07/2016 19:24:16: Modify bet persistence 70585016960 from 'Cancel' to 'Take SP'

02/07/2016 19:24:25: £ 2.00 Back bet placed on Blue Empyrean at 3.75. Fully matched at 3.75. Ref: 70585028596
02/07/2016 19:24:27: £ 2.00 Lay bet placed on Blue Empyrean at 3.15. Entirely unmatched when it initially reached the market. Ref: 70585029898
02/07/2016 19:24:31: [Excel] : Modify bet persistence 70585029898 from 'Cancel' to 'Take SP'

02/07/2016 19:27:07: Market has been suspended
02/07/2016 19:27:07: Market is in-play
02/07/2016 19:27:07: Market has been unsuspended
02/07/2016 19:27:25: Greened up Bel Sas by Laying 1.92 at 1.89
02/07/2016 19:27:25: Greened up Blue Empyrean by Laying 1.79 at 4.2

02/07/2016 19:30:26: Market changed to Carl 2nd Jul - 19:35 1m1f Hcap
02/07/2016 19:34:47: £ 2.00 Back bet placed on Lostock Hall at 4.3. Entirely unmatched when it initially reached the market. Ref: 70585589972
02/07/2016 19:35:05: £ 2.00 Back bet placed on Lostock Hall at 4.1. Fully matched at 4.2. Ref: 70585612224
02/07/2016 19:35:07: An error occurred while cancelling bets: The entire order has been rejected.
02/07/2016 19:35:07: Cancelling bets 70585589972
02/07/2016 19:35:09: £ 2.00 Lay bet placed on Lostock Hall at 3.9. Entirely unmatched when it initially reached the market. Ref: 70585616866
02/07/2016 19:35:10: Modify bet persistence 70585616866 from 'Cancel' to 'Take SP'

02/07/2016 19:35:13: Market has been suspended
02/07/2016 19:35:14: Market is in-play
02/07/2016 19:35:15: Market has been unsuspended
02/07/2016 19:35:25: Greened up Lostock Hall by Laying 4.59 at 3.7
02/07/2016 19:37:13: Market has been suspended
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Dallas
Posts: 23561
Joined: Sun Aug 09, 2015 10:57 pm

The minimum liability on a SP lay bet is £10 (or local currency equivalent) if not in the UK.
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