hi
I would like to lay fav[ the actual sp /betfair fav] in running if it reaches say 8.00 in running or between 8 and 9.
the queries are in GENERAL
I have ..applies to selection: in position 1[sorted in order of favouritism]
PARAMETERS
PLACE at fixed price .....odds 8
and then CONDITIONS
Fixed odds condition
nominated ..in position 1
the selection ..lay price
is greater than 8
not sure whether the above would do the trick
also is it possible to specify that the lay must only be between 8 and 9 ..no larger ?
thanks
.
laying fav in running help
other than setting a condition to limit the scope of the lay, you can also specify that you are placing on a fixed price. You would then set this to somewhere comfortable between 8 and 9 odds. This SHOULD limit the odds, tho of course, it could still place lower if the market moves down sharply at the time of your bet.
Your rules as you have decribed them won't work. By the time your "favourite" reaches 8 or 9 it won't be recognised as the favourite any more.
When using sorted in order of favouritism the horse in the number 1 position is the selection with the lowest odds at the time the rules strike, so the horse it applies to is constantly being revised.
You will need to select your favourite manually pre-off and insert it's name into Guardian's Automation Nominated Selection 1. Then you can apply your rules to that nominated selection only.
When using sorted in order of favouritism the horse in the number 1 position is the selection with the lowest odds at the time the rules strike, so the horse it applies to is constantly being revised.
You will need to select your favourite manually pre-off and insert it's name into Guardian's Automation Nominated Selection 1. Then you can apply your rules to that nominated selection only.
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iambic_pentameter
- Posts: 450
- Joined: Wed May 18, 2016 1:24 pm
Some good advice from the guys here.
I'll tack on to that, that you should be cautious when laying horses at that price.
Just because it hits 8 in running does not guarantee that it won't come back and win, and you would be left with sizeable loss - dependant, of course, on your stake size.
You haven't indicated your selection strategy ie if you are using form / previous races but, just in case you aren't, please don't apply this to all races - the results could be messy - see below:
I did a quick check on yesteday's UK & IRE racing and got the following stats:
Of the 36 winning horses, 14 traded at 8.0 or higher in running before coming back to win.
Now, obviously, not all of the winners would have necessarily been the horse you would have chosen but, assuming they were, had you layed each one for £10, the results would have been:
22 x £10 profit for each horse that loss = £209
14 x £70 loss for each horse that won= -£980
Overall loss: -£771
This assumes they got matched at 8 in running but as you can see, even with £10 stakes, you could be up the creek without a paddle quite quickly.
You can get the data from here:
http://www.betfairpromo.com/betfairsp/prices/
Disclaimer: I'm cream crackered so apologies if the sums aren't 100% correct but hopefully you get my point.
Best of luck
Iambic
I'll tack on to that, that you should be cautious when laying horses at that price.
Just because it hits 8 in running does not guarantee that it won't come back and win, and you would be left with sizeable loss - dependant, of course, on your stake size.
You haven't indicated your selection strategy ie if you are using form / previous races but, just in case you aren't, please don't apply this to all races - the results could be messy - see below:
I did a quick check on yesteday's UK & IRE racing and got the following stats:
Of the 36 winning horses, 14 traded at 8.0 or higher in running before coming back to win.
Now, obviously, not all of the winners would have necessarily been the horse you would have chosen but, assuming they were, had you layed each one for £10, the results would have been:
22 x £10 profit for each horse that loss = £209
14 x £70 loss for each horse that won= -£980
Overall loss: -£771
This assumes they got matched at 8 in running but as you can see, even with £10 stakes, you could be up the creek without a paddle quite quickly.
You can get the data from here:
http://www.betfairpromo.com/betfairsp/prices/
Disclaimer: I'm cream crackered so apologies if the sums aren't 100% correct but hopefully you get my point.
Best of luck
Iambic
Any attempt to put a stop on your lay, or green up if the layed favourite picks up its skirts and looks like winning, will often fail and will end up costing you even more. Believe me, it sounds a sensible strategy but the built-in Betfair delay in getting matched in-play, coupled with the crazy volatility at the end of a race can cause ruinous losses.
Don't lay at an even higher price to ensure the selection is losing, it just means even greater liability when the bugger wins, which it will do, more often than your bank can bear.
You might consider setting your rules to only lay near the end of the race so it has less chance to come back. But you have to write dozens of rules, a set for for every possible race distance, it takes ages, then it takes ages to find all your typo's, then you still lose, either because your stops don't get matched, or you do get matched but at the wrong price, or only one side of your bet gets matched or because the horse wins anyway. Worst of all, you lay it, it comes back and triggers your stop/green and then loses anyway so you turned a winning position into a loser.
Set in up in practice mode and see for yourself. It will be even worse in the real market.
Don't lay at an even higher price to ensure the selection is losing, it just means even greater liability when the bugger wins, which it will do, more often than your bank can bear.
You might consider setting your rules to only lay near the end of the race so it has less chance to come back. But you have to write dozens of rules, a set for for every possible race distance, it takes ages, then it takes ages to find all your typo's, then you still lose, either because your stops don't get matched, or you do get matched but at the wrong price, or only one side of your bet gets matched or because the horse wins anyway. Worst of all, you lay it, it comes back and triggers your stop/green and then loses anyway so you turned a winning position into a loser.
Set in up in practice mode and see for yourself. It will be even worse in the real market.