Newbie : can I create an automation rule on horse racing that places a lay bet with a stop without an offset

[cttc]

Newbie : can I create an automation rule that places a lay bet on a horse with a stop loss without an offset ?

Logic being that a horse is found that will not win an stop loss will protect against the horse winning.
Offset will place a back bet after which the horse must win to realise a profit.

Hence, lay the horse and realise the profit if it does not win.

Thanks

[eatyourgreens]

you may think you heard what you thought I said, but I am not sure you realise that what I said is not what I meant!

Happy New Year All

[eatyourgreens]

Newbie : can I create an automation rule that places a lay bet on a horse with a stop loss without an offset ?

Logic being that a horse is found that will not win an stop loss will protect against the horse winning.
Offset will place a back bet after which the horse must win to realise a profit.

Hence, lay the horse and realise the profit if it does not win.

Thanks

If you place a lay bet without an offset, How will the offset set place a back bet?

[ANGELS15]

Newbie : can I create an automation rule that places a lay bet on a horse with a stop loss without an offset ?

Logic being that a horse is found that will not win an stop loss will protect against the horse winning.
Offset will place a back bet after which the horse must win to realise a profit.

Hence, lay the horse and realise the profit if it does not win.

Thanks

Would you be better off doing 'reverse dobbing'? Apologies as I don't know your background or previous level of expertise, but if you're not sure what dobbing is there are excellent explanations on Youtube and Peter Webb also did a very good example video.

Anyway back to 'reverse dobbing' in this instance you could try a strategy like this: You lay a horse at say exchange odds 5.0 for £20. You've now got a liability of £80 if it won. However at the same time you place your lay bet you can either have an offset or manually place a back bet to keep in play for say £10 at odds 10.0 For this strategey you're hoping the horse will lose or a least run poorly. If during the race it's odds drifted to 10.0 your back bet will also be matched and you now have a potential profit of £90. you should win £10 whatever the outcome. There are potentially more risks doing reverse dobbing as if the horse defies your expectations and runs really well you're paying out. You really need a decent strike rate with these selections to make a profit but thats not impossible particulary if you looked at large handicap fields where there are many possible surprises lurking.

[ShaunWhite]

Newbie : can I create an automation rule that places a lay bet on a horse with a stop loss without an offset ?

Two ways.
You could use a very large offset on your stop/offset bet. (but that's essentially still an offset albeit at 1.01)
Or you could have lay rule and a seperate 'Green all' rule that is set to trigger when your loss is less than the amount you want to risk. It's 'greater' conceptually but in maths terms it's less than...eg Triggering a Green all when your profit is less than -£3.... eg -4.

[cttc]

Thanks - I shall check reverse dobbing.
re: seperate Green all rule - I assume that it would fire every 5 (?) secs to check if loss is within the limit that I am willing to sustain ?