Back all selections question

[robfosters]

Why wont guardian let me chose the price to back all selections at?

I'm telling it to back all selections 30 secs before the off at 1.50 and to keep the bets in running. Yes I know it's a suicidal strategy. but I'm just practising atm. However, the guardian just fires bets in at the current price, it doesn't seem to take any notice of the odds I have specified under the parameters tab.

Any idea why this is please?

[kinglouie]

It's possibly because the current odds are bigger than 1.5, even though you are asking for 1.5, if the price is bigger it will lay that price which is to your benefit.

Not sure within any strategy why you would want to do this?

If you are looking to back something that hits 1.5 or below in running then you could set up a different rule to make that happen?

Relative odds condition - Last traded price - Below 1.51

[robfosters]

Thanks for that. I may be misunderstanding the way an exchange works, but I thought if you got your order in at the start of the race, you would be nearer the front of the queue when the price hits 1.5 rather than putting the order in fresh.

[Euler]

If you back all selections at 1.50 before the off you will lose money each time it does that. They will get matched instantly and you will have a loss.

[robfosters]

Oh man, what a facepalm moment, I've just realised how stupid that sounded now.

I'm off to sit in the corner with my dunces cap on now.

[JTEDL]

Have a look at this shared file thread, might give you some ideas - viewtopic.php?f=43&t=11414

Adjust odds as kinglouie suggests, just backs the first selection to hit those odds and no others.

or if you really want to back every selection to hit 1.5 then there's this file also, which backs runners that trade below 3.0, again adjust the odds - viewtopic.php?f=52&t=12743

[firlandsfarm]

I can see where you are coming from with this, in the City it is called a Stop-Order … i.e. Stop! Don't place the order until the price has fallen to 1.50. It's saying "I know that price is better now but the conditions I'm looking will (may) have been met if the price falls to 1.50 so don't place the bet until then". But the flaw is that you don't want two runners to fall to 1.50 because the return from the winner will not cover the lost stake of the non-winner. That's why many use it as a laying strategy, they want more than one runner to reach that price then they have a guaranteed profit.