Could someone please explain why when i click to close a trade it says close for a "predicted" profit, or when i green up it says "close and green up for a predicted profit", i thought that when i greened up or closed a trade then that would be my profit, if that is the case, why does it say "predicted profit" and why does the value continue to change after i have greened up or closed a trade by placing either an additional lay or back trade to do so, also when would this money get put into your account, for i have done this several times now in play and the money does not seem to have hit my account yet.
Thank you
Joe
Close Trade For "Predicted" profit
Hi Joe,
I presume that you're on the ladder tab looking at the "Predicted profit on closing trade" box. If this is so, then when you get figure coloured green it means that you will receive that amount of money ifthe selection wins, if it loses you neither win nor lose anything. In order to ensure a profit, no matter what the result of the contest, you need to take further action. In the old days you would have had to make a small additional lay bet (hedging)on the selection for which you were ensured a profit, so that you'd win less if it won but secure a little profit on other competitors should one of them win. This calculation, whilst not difficult is a bit "fiddly" particularly when you're under time pressure. Luckily Betangel has a couple of neat tricks to do this for you. If you've undertaken a successful trade go to the "one click" tab you'll see, underneath the competitor names either your profit in green number or a green zero. If you then look at the next column you'll see a button next to each competitor with smaller number in green. If you click on one of these buttons the software will spread your profit across the "field" and you'll see the smaller number appear under each competitors name. When you've done that your account will go up by the figure (less Betfair commission) when the event closes (typically 5-10 miutes-ish for a horse race). Alternatively, on the ladder tab, you can tick the "Greening" box and the software will automatically calculate the "hedging" value required (this can get tricky if you try to close out manually instead of using the "close" buttons, so you need your wits about you).
Cheers, P
I presume that you're on the ladder tab looking at the "Predicted profit on closing trade" box. If this is so, then when you get figure coloured green it means that you will receive that amount of money ifthe selection wins, if it loses you neither win nor lose anything. In order to ensure a profit, no matter what the result of the contest, you need to take further action. In the old days you would have had to make a small additional lay bet (hedging)on the selection for which you were ensured a profit, so that you'd win less if it won but secure a little profit on other competitors should one of them win. This calculation, whilst not difficult is a bit "fiddly" particularly when you're under time pressure. Luckily Betangel has a couple of neat tricks to do this for you. If you've undertaken a successful trade go to the "one click" tab you'll see, underneath the competitor names either your profit in green number or a green zero. If you then look at the next column you'll see a button next to each competitor with smaller number in green. If you click on one of these buttons the software will spread your profit across the "field" and you'll see the smaller number appear under each competitors name. When you've done that your account will go up by the figure (less Betfair commission) when the event closes (typically 5-10 miutes-ish for a horse race). Alternatively, on the ladder tab, you can tick the "Greening" box and the software will automatically calculate the "hedging" value required (this can get tricky if you try to close out manually instead of using the "close" buttons, so you need your wits about you).
Cheers, P
Thanks P,
Practice will hopefully make perfect, as with all things, the best way to learn is to try,ask and listen, and in time get better and more winning trades than losing trades and one day get to the point of being able to make a withdrawal knowing i am starting to make some money, all things going to plan.
Thanks again
Joe
Practice will hopefully make perfect, as with all things, the best way to learn is to try,ask and listen, and in time get better and more winning trades than losing trades and one day get to the point of being able to make a withdrawal knowing i am starting to make some money, all things going to plan.
Thanks again
Joe