Hi guys, I'm trying to figure out how the bet angel stop loss function works:
Example:
at time 01: place a back bet on Runner1 of 10£ @5.00, for a profit of 40£
since I'm very unlucky Runner1 slows down, so its back prices grows up
so I'd like to place a stop loss on Runner1 at 10 to get the "best" possible loss.
I see that on betangel it works well, but I'd like to know if the stop loss is always fully matched. If so what kind of orders the bet angel software places?
Thank you for your help
stop loss algorithm
No, it certainly isn't always matched. If the price moves through your "stop" too quickly, it won't be matched at all. If the runner falls or gets pulled up it goes straight to 1000 so no chance of a stop in those circumstances either. In short, there is no, totally reliable, way of getting out of a bad position in-play. See my recent thread "Getting Stop filled" under "Horse Racing" for more details.
Just another thought. In order to get your stop matched you need to find bettors willing to place a back bet, in-play, on a horse that is clearly already showing every sign of losing. Realistically, they are probably going to be people that entered a Lay-to-Back (or similar) position, on your runner pre-off, and have their own offset coincidentally at the same price as your stop.