End of race confusion

[8ballprowler]

I've been taking great interest in the in play trader tool and how it correlates to actual race results.
The winner of each race according to the tool reaches 1.01.
Rest of horses, 2nd in running favourite for instance drift in price to let's say 40+ at the point the winner reaches 1.02-1.01.
One then checks the official result later only to discover that the winning horse only just won by a nose or short head.
How come the odds of winner and 2nd placed horse are so far appart at the post but yet so close at the finishing post?
All explinatons very welcome.
Neil.

[oliver123]

Seems overly complicated. Why not just dutch the top four or five runners or alternatively dutch all runners until you get around 80% of the book? I know a lot of Betfair traders do this!! See attachment showing the field for today's 2:40 at Newcastle.

[Dallas]

When the fav's <1.10 the odds on the other runners will be quiet high, even with 2nd 3rd fav between 20-100.0 the 4th and 5th fav will almost certainly be at odds of several hundred and the hardest problems becomes getting matched.

But to make the rule yes you would need to use a 'Place lay bet' rule type and apply to Betfair order of favourtism 2 and add in conditions etc you want to apply Then repeat that for the other runners

This thread should get you started
http://www.betangel.com/forum/viewtopic ... 37&t=11396

[8ballprowler]

Hi Dallas.
Your reputation preceeds you bud.
High lay odd etc does'nt worry me because I can fiddle with odds requisite of the inplay favourite.
Conditions would be in play? and order of favorite position 1 traded lower than 1.11? before lay 2nd 3rd fav triggers?
How do I input the "order of favorite position 1 traded lower than 1.11 trigger" rule into each prospective 2nd 3rd fav instruction please bud? again hoping this makes sense lol.
Neil.

[ShaunWhite]

How do I input the "order of favorite position 1 traded lower than 1.11 trigger" rule into each prospective 2nd 3rd fav instruction please bud? again hoping this makes sense lol.
Neil.

I'd set a signal when the fav trades below n.nn and use it as a condition on the lay transactions for the 2nd, 3rd, 4th fav etc. It could also be unset if it drifts. I'm sure there's a few other ways though.

[Dallas]

Hi Dallas.
Your reputation preceeds you bud.
High lay odd etc does'nt worry me because I can fiddle with odds requisite of the inplay favourite.
Conditions would be in play? and order of favorite position 1 traded lower than 1.11? before lay 2nd 3rd fav triggers?
How do I input the "order of favorite position 1 traded lower than 1.11 trigger" rule into each prospective 2nd 3rd fav instruction please bud? again hoping this makes sense lol.
Neil.

On each of your 2nd, 3rd, 4th & 5th lay bet rules add a fixed odds condition
Fixed odds condition
Nominated 'By Poisition (sorted in order of favourtism) 1
Selections 'Last traded price'
is 'less' than 1.10

You can also add additional fixed odds conditions to any or all of your lay rules if you want to look at the odds on other selections to

[8ballprowler]

Hi Dallas.
Taken all of your advice on board.
Idea is working well, just need to tighten things up a touch now.
I'm finding that very big odds on favourites are trading at trigger price of 1.10 are triggering things earlier than I would like.
Is it possible to put a condition in where triggers do not trigger if the Massive odds on favourite Starting Price is no less than 2 for instance?
Cheers.
Neil.

[ShaunWhite]

Hi Dallas.
Taken all of your advice on board.
Idea is working well, just need to tighten things up a touch now.
I'm finding that very big odds on favourites are trading at trigger price of 1.10 are triggering things earlier than I would like.
Is it possible to put a condition in where triggers do not trigger if the Massive odds on favourite Starting Price is no less than 2 for instance?
Cheers.
Neil.

There's more than one way to skin a cat and Dallas knows best, but I'd create a rule that runs once at post time -5s, that would test the price of the fav and sent a signal to indicate that the market is tradable. You can insert several pre-off tests that set signals for sp, number of runners, volume, distance etc etc and test these conditions on the IP transactions.

[8ballprowler]

How do I set up such a condition, trigger, signal?
Cheers,
Neil.

[ShaunWhite]

How do I set up such a condition, trigger, signal?
Cheers,
Neil.

That's quite a big topic.... I don't want to sound unhelpful but have you read the user guide? It's really well written and explains it far better that I could here in a paragraph or two.

[8ballprowler]

Hey Shaun,
Ye I've read the manual, but understanding it summit else. Does'nt help me being welsh either lol.
I think I've worked it out though (fixed odds conditions) "Actual sp".
The horse that peaked to soon half way through the race had an SP of 1.14, so I need to gauge how low an SP I can get away with that wont potentially balls up my cunning plan.
Any thoughts?