Hi all,
I am really struggling to see any questions that answer this issue.
What I am seeking to do is this: I am backing horses at BSP via the Betfair website which which I believe will run well (thus, their odds will drop in play).
I would like to create a Guardian rule when it will Cash Out (like on the Betfari website) at a set amount.
So if I am placing a £40 back bet at BSP, I would like to cash out for a guaranteed profit of £20 during the in-play.
Can anyone help?
Cash Out like Betfair
Do you mean like this from the FAQ section
viewtopic.php?f=47&t=11488
viewtopic.php?f=47&t=11488
Thank you! Partly looked at that but wasn't sure, much appreciated.
Whilst here, do you know if there's an approximation in the amount of odds change (between back and lay) and the cash out value.
i.e. how much of a change in the odds would I need to see (approximately) to cash out at £10 on a back bet of £40?
I'm trying to see what's a realistic target...
Whilst here, do you know if there's an approximation in the amount of odds change (between back and lay) and the cash out value.
i.e. how much of a change in the odds would I need to see (approximately) to cash out at £10 on a back bet of £40?
I'm trying to see what's a realistic target...
if you create this rule, let me knowAli3ta1r wrote:Hi all,
So if I am placing a £40 back bet at BSP, I would like to cash out for a guaranteed profit of £20 during the in-play.
. but as Dallas links to, using greening will achieve the desired result for you.Best way to try is to open a few instances of BA and run a rule set to take £10, £20, £30 profit and so on and see which produces the best figures over the course of time.Ali3ta1r wrote:Yes, rule created.
Just deciding on what's a realistic cash out and what's greedy...
i think the realistic way to approach this is to play your rule against 2 instances of BA (in practice mode initially), with one greening up on £5 and the other greening at the other extreme (£HIGH) and see which gives the greater rate of return. also, you'll need a very balanced approach to redding out when you are certain, on *balance*, that the risk is greater than the reward on any particular runner.
i hope you have better success than me on this one, i could never quite find the sweet point to enter and exit and thus ended up just the wrong side of breakeven on this type of rule. as a humourous little aside, a B2L rule that i had spent forever trying to work suddenly all made sense when I flipped it to become a L2B rule (literally just changed the bet type to lay)
i hope you have better success than me on this one, i could never quite find the sweet point to enter and exit and thus ended up just the wrong side of breakeven on this type of rule. as a humourous little aside, a B2L rule that i had spent forever trying to work suddenly all made sense when I flipped it to become a L2B rule (literally just changed the bet type to lay)