Would you guys consider giving us the option to stake in binary £-per-%point ?
In the past I asked for a binary ladder, but that came out in a spreadsheet and I don't think you want to put it into the program. Just having the option to stake this way would be a great addition.
Binary Staking
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Nero Tulip
- Posts: 708
- Joined: Wed Apr 15, 2009 5:29 pm
Thanks BA / Peter, I'm glad you can see the benefits now aswell.
I'm no application designer, but it might be good to be able to tick a box which would change the 6 user preset staking boxes on the ladder to binary staking inputs, where instead of amounts, we input £ units.
mctash, binary stakes change the stakes into £ per % units. Decimal odds have their implied %s, instead of betting in the normal way, you bet in a similar manner to a spread bet but with fixed odds boundaries - win or lose (represented here as 100% and 0%). Some examples -
A bet at evens for £500.
Evens is also equal to 50%. If the bet wins, it is settled at 100, if it loses it is settled at 0.
A bet of £500 is equal to a £10 Unit, £500 / 50. If the bet wins, the upside is 50 (100-50), the downside is 50 (50-0).
...in £1 units;
A £1 Unit bet at 1.25 is equal to an £80 bet to win £20. 1.25 is equal to 80% (100/1.25). The downside is therefore 80% (80-0), and the upside 20% (100-80). Our stake is a £1 unit, £1*80 = £80. 20*£1 = £20.
If you decide you want to lay off that bet at 1.1, you lay a £1 unit at 1.1.
1.1 = 90.91%. = a lay of £90.91 at 1.1. It would lock in £90.91-£80 = £10.91 profit.
You open and close your position with the same number of units in order to square off.
BA, it would also be good to have on the P/L readout, the number of units we have open, alongside the P/L.
I'm no application designer, but it might be good to be able to tick a box which would change the 6 user preset staking boxes on the ladder to binary staking inputs, where instead of amounts, we input £ units.
mctash, binary stakes change the stakes into £ per % units. Decimal odds have their implied %s, instead of betting in the normal way, you bet in a similar manner to a spread bet but with fixed odds boundaries - win or lose (represented here as 100% and 0%). Some examples -
A bet at evens for £500.
Evens is also equal to 50%. If the bet wins, it is settled at 100, if it loses it is settled at 0.
A bet of £500 is equal to a £10 Unit, £500 / 50. If the bet wins, the upside is 50 (100-50), the downside is 50 (50-0).
...in £1 units;
A £1 Unit bet at 1.25 is equal to an £80 bet to win £20. 1.25 is equal to 80% (100/1.25). The downside is therefore 80% (80-0), and the upside 20% (100-80). Our stake is a £1 unit, £1*80 = £80. 20*£1 = £20.
If you decide you want to lay off that bet at 1.1, you lay a £1 unit at 1.1.
1.1 = 90.91%. = a lay of £90.91 at 1.1. It would lock in £90.91-£80 = £10.91 profit.
You open and close your position with the same number of units in order to square off.
BA, it would also be good to have on the P/L readout, the number of units we have open, alongside the P/L.
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I understand what it is, but can't find a clear advantage. Money management?Since the launch of Tennis Trader we have become more aware of the benefits of binary staking
When you stake according to the % rather than the odds you get a clearly defined movement. When staking using odd they don't exhibit a normal distribution / they don't move in regular patterns thanks to the way Betfair constructed the range of odds.
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
Thank you for the reply, I'll study this subject into greater detail.