Rules based on back price

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MikeNewbie
Posts: 1
Joined: Thu Aug 11, 2016 3:15 pm

Hi,

Newbie to the software and forum, however I had a question that I hope one of you maybe able to answer.

I am back betting on horse racing and I have a rule which says "Fixed price 1.5" so effectively once the horse reaches 1.5 then place the back bet, however if this price in the intervening 1 second (which it takes to place the bet in running due to the Betfair delay) goes out and is > 1.5 then is there anyway to stop that bet going on via automation ?

Thanks !
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Dallas
Posts: 23492
Joined: Sun Aug 09, 2015 10:57 pm

No once its submitted it cant be cancelled - when it reaches the market if better odds are available than it was placed at it will be matched instantly at these odds, if not it will be placed at the odds you requested as a unmatched bet - if you wish you can then cancel it or wait to see if the odds drift back up and someone takes it.
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jimibt
Posts: 4194
Joined: Mon Nov 30, 2015 6:42 pm

this is the #1 issue with back based strategies, getting a nice clean green. on the other hand, lay strategies will often green up with a little extra juice.

there is a thread started by peterle (viewtopic.php?f=20&t=11107) requesting to have an option to green up at reverse odds price which makes such good sense for back based strategies... let's hope we get some traction on that from the usually very responsive BA team...
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