Hedging profits/losses evenly (manually)

[offlimit88]

Hello, taking this as example :

back 100 at odds 2.00
lay 100 ad odds 1.80 so it s 20 profit (without commission)

How can i hedge this 20 evenly between the 2 selections?

What is the formula?

Thanks

[Dallas]

20/1.80

But why not just use the green up button in the first place and do it all as one bet?

[offlimit88]

20/1.80

But why not just use the green up button in the first place and do it all as one bet?

I m trading tennis between points and you know that you must be fast in matching bets. If i cash out immediately it happens that most of the time the actual price has moved, at least in less liquid markets

Therefore i want to offer my odds when i make an exit. My problem is that the cash out function (i m talking about site interface, not bet angel) calculates the amount based on actual price, but what about i want to offer another odd?

I guess the only solution is a calculator

[Dallas]

20/1.80

But why not just use the green up button in the first place and do it all as one bet?

I m trading tennis between points and you know that you must be fast in matching bets. If i cash out immediately it happens that most of the time the actual price has moved, at least in less liquid markets

Therefore i want to offer my odds when i make an exit. My problem is that the cash out function (i m talking about site interface, not bet angel) calculates the amount based on actual price, but what about i want to offer another odd?

I guess the only solution is a calculator

Or use the ladder on Bet Angel then you can click a price on the ladder so your money is in ready and waiting

Ladder.JPG

Surely worth the 16p a day subscription to save messing around with calculators?

[offlimit88]

20/1.80

But why not just use the green up button in the first place and do it all as one bet?

I m trading tennis between points and you know that you must be fast in matching bets. If i cash out immediately it happens that most of the time the actual price has moved, at least in less liquid markets

Therefore i want to offer my odds when i make an exit. My problem is that the cash out function (i m talking about site interface, not bet angel) calculates the amount based on actual price, but what about i want to offer another odd?

I guess the only solution is a calculator

Or use the ladder on Bet Angel then you can click a price on the ladder so your money is in ready and waiting

Ladder.JPG


Surely worth the 16p a day subscription to save messing around with calculators?

I would like to, banned country

So back to the formula, can you please elaborate?

If i open backing and close laying, do i have to lay the profit/loss to the actual lay odds? Contrary if i lay first?

[Jukebox]

First take your stake and multiply by your entry odds and then divide the result by the desired exit odds to determine exit stake

[offlimit88]

First take your stake and multiply by your entry odds and then divide the result by the desired exit odds to determine exit stake

Sorry this is not clear for me

After making the two trades, i have either a profit or a loss, in only one of the two selections.
What is my stake now? Can you make me an example please?

[Jukebox]

First take your stake and multiply by your entry odds and then divide the result by the desired exit odds to determine exit stake

Sorry this is not clear for me

After making the two trades, i have either a profit or a loss, in only one of the two selections.
What is my stake now? Can you make me an example please?

In your example you opened with £100 at BF odds 2.0
First do this calculation:
100x2=200

You want to hedge at 1.8
Next do this calculation
200/1.8=111.11

Your exit stake should be £111.11

If the selection wins you gain £100 on your back bet but minus £88.89 on your lay bet
Result 100-88.89 = £11.11 Profit

If the selection loses you gain £111.11 on your lay bet but but minus £100 on your back bet
Result 111.11-100 = £11.11 profit

[Derek27]

Or if you've already traded out, divide your free bet by the current price: £20 / 1.8 = £11.11.

[offlimit88]

First take your stake and multiply by your entry odds and then divide the result by the desired exit odds to determine exit stake

Sorry this is not clear for me

After making the two trades, i have either a profit or a loss, in only one of the two selections.
What is my stake now? Can you make me an example please?

In your example you opened with £100 at BF odds 2.0
First do this calculation:
100x2=200

You want to hedge at 1.8
Next do this calculation
200/1.8=111.11

Your exit stake should be £111.11

If the selection wins you gain £100 on your back bet but minus £88.89 on your lay bet
Result 100-88.89 = £11.11 Profit

If the selection loses you gain £111.11 on your lay bet but but minus £100 on your back bet
Result 111.11-100 = £11.11 profit

Ok thanks, this is useful. i could use this approach but my scenario is different.
I would like to use fixed stakes, one for entry point and one for exit point, and then hedge at the very end, in situations where prices move less.

So i enter with 100 , i exit with 100 , and then hedge. Not entering with 100 and exit with 110. It s important to me that i operate this way

[offlimit88]

Or if you've already traded out, divide your free bet by the current price: £20 / 1.8 = £11.11.

Ok, but in practice, what does it mean? Do i have to lay £20 on 1.8 (the current price)?

[Derek27]

Or if you've already traded out, divide your free bet by the current price: £20 / 1.8 = £11.11.

Ok, but in practice, what does it mean? Do i have to lay £20 on 1.8 (the current price)?

No, you lay it for £11.11. If it wins you lose £11.11 * 0.8 = £8.89 of your £20 free bet leaving you with £11.11. If it loses you win the £11.11 that you laid.

[offlimit88]

Or if you've already traded out, divide your free bet by the current price: £20 / 1.8 = £11.11.

Ok, but in practice, what does it mean? Do i have to lay £20 on 1.8 (the current price)?

No, you lay it for £11.11. If it wins you lose £11.11 * 0.8 = £8.89 of your £20 free bet leaving you with £11.11. If it loses you win the £11.11 that you laid.

Ok thanks, now it s clear

[ShaunWhite]

I would like to use fixed stakes, one for entry point and one for exit point, and then hedge at the very end, in situations where prices move less.

So i enter with 100 , i exit with 100 , and then hedge. Not entering with 100 and exit with 110. It s important to me that i operate this way

Or if you've already traded out, divide your free bet by the current price: £20 / 1.8 = £11.11.