Staking Plan

[leest2019]

Hi,

I don't know what phrase best sums this up, so don't know what to search for or if it's been answered previously, so I apologise if it's been asked already (quite a simple question so I'm taking that it has).

I want to place a lay bet 10 seconds before the start time but the stake is dependent on the lay price. I can set Guardian to place the lay bet 10 seconds before the off on the correct selection (I think), but how do I tell it to place a bet of £3 if the lay odds are between 1.01 and 3.5 for example?

Thanks

[northbound]

Go to the Conditions tab.

Add a Fixed Odds condition, with the selection’s Lay price higher than 1.00.

Add another Fixed Odds condition, as above but lower than 3.55.

[jimibt]

Go to the Conditions tab.

Add a Fixed Odds condition, with the selection’s Lay price higher than 1.00.

Add another Fixed Odds condition, as above but lower than 3.55.

obviously, this should be fairly stable when the race isn't in play. if you have to do a similar thing in play, always of course opt to lay by liability as the odds can skew out to very high odds in an instant and then screw back... such a scenario could leave you with £xx.x in liability for a £3 win...

[leest2019]

Thanks both. I was looking in the parameters tab rather than conditions so that makes sense now. How do I Guardian to place the bet amount based on the lay price though?

Lay odds 1.01 to 3.5 = £3
Lay odds 3.55 to 6 = £1.50 etc etc

I see now how to use the conditions tab to place the bet, but not sure how to set it so it stakes different amounts depending on the price.

[jimibt]

Thanks both. I was looking in the parameters tab rather than conditions so that makes sense now. How do I Guardian to place the bet amount based on the lay price though?

Lay odds 1.01 to 3.5 = £3
Lay odds 3.55 to 6 = £1.50 etc etc

I see now how to use the conditions tab to place the bet, but not sure how to set it so it stakes different amounts depending on the price.

can i suggest that you approximate the lay *stake* to a straight liability instead as it would appear that this is what you are actually thinking about by looking at the realtionship between the numbers that you've presented. in essence, in the Parameters tab, you want to set the stake value to £xx and rather than have it as a fixed amount, place it by liability. See rough image below:

stake-liability.PNG

this means that no matter what the odds are, your liability will only ever be a flat £10. so, if you placed at odds of 2.00, then your winnnings would be £10, likewise, if you placed at 3.00 odds, your winnnings would be £5 - whilst all the time, your liability would be static at £10.

Your Conditions tab would only look at the scenario of WHEN to place the bet, rather than fiddling around with the mechanics of prices/stake etc, etc...

[leest2019]

Thanks. I've already given the fixed liability a go, and it seemed to work ok, but just looking at a set staking plan to see what the results were going forward. I was placing the bets manually when using a set liability so that's really useful info so I know what to do if I go back to that.

[leest2019]

I suppose another option is to have 3 different rules and apply the one to the race as to where I think the odds will be, but has anyone any idea how it can be done without doing that?

[Dallas]

I suppose another option is to have 3 different rules and apply the one to the race as to where I think the odds will be, but has anyone any idea how it can be done without doing that?

It will require multiple rules
ie, rule 1 places a bet for £3 if odds between 1.5 & 3.0
rule 2 places a bet for £3 if odds between 3.05 & 5.0
etc etc....

[leest2019]

Thanks. That's ok, although I'd have to leave some of it to chance as I won't know what the price will be before the race so I couldn't be certain which rule to apply to which race. That's why I was wondering if there's a way to have one rule that will look at the race and the selection I tell it to look at (trap 1 or horse 5 or home team etc etc) 10 seconds before the off and place the lay bet depending on the price. 1.01 to 3.5 it'll place a £2.5 lay bet, 3.55 to 5 it'll place a £1.5 lay bet.

[leest2019]

I see it now I think. Just have the same market uploaded to Guardian and just put one rule next to each market (rule 1 £3 lay odds 1.01 to 3.5, rule 2 £1.5 lay odds 3.55 to 6.0) and then it'll just place the bet accordingly. Obvious! Thank you

[leest2019]

Actually, it won't let me add the same market to Guardian. EG the 11:04 Henlow. I can only add it once to Guardian. Is that right?

[Dallas]

It's only possible to add one automation file to a market, but within that automation file you can add multiple rules, if they are all set to trigger once ie, 10secs before the off the price can only satisfy one rule who's current range its in

You can also add a number of place bet triggers condition on market is equal to zero, that will safeguard if you arm the rules for a few seconds and the price is trading at the upper price limit of one and lower limit of another and crosses over while the rules are still armed

[leest2019]

That's excellent. I never thought about the fact that there could be a cross over in the few seconds the bets are placed. That's really helpful as well. I've added conditions to each rule: "Number of place bet trigger conditions", "Number of place bet rules triggered", "on the market" "Equal to zero". I've also set Applies to selections to Guardian Nominated so I can select which ever runner I want without having to change the rule each time.

Thanks again to everyone for the help