Money Matched - In Running Totals

[Diacritical Quark]

I've been tinkering with a bot for a couple of weeks now and getting pretty good results, this is only using £5 stakes. Is there any way I can see how much was available to be matched or was matched at various prices after the race has ended?

I'd like to use £100 stakes to back in running but not sure if this will ever get matched, if it won't then this bot is dead to me, dead I tell you.

[LinusP]

£5 to £100 inrunning is like going from £50 to £1000 pre race, you are going to have problems.

You may find that you will be more profitable betting with £2 stakes however simply looking back to see if x got matched at your price won’t tell you anything. You need to monitor your match rate, profit per race and roi to start with and then start varying your stakes. You can then start to build a picture of where the optimum stake size is for this strategy and begin thinking outside the box to how you can get more matched.

If it’s dead to you feel free to send it my way

[rik]

if you bet £100 in running the last £5 getting matched are much less likely to be value than the first 5. Increase your stakes gradually dont be stupid

[Derek27]

If you increase from £5 to £100 it's possible (depending on the nature of the bot) that the £5 losers become £100 losers, but the £5 winners won't necessarily become £100 winners, as the price may have changed.

[rik]

im quite experienced with in running, if you dont want to give your exact settings,
are your bets based on SP for each runner or same price for each runner?
you adjust your bets based on the current traded price?
how many markets your bot been profitable for and at what ROI / win loss ratio

[Diacritical Quark]

im quite experienced with in running, if you dont want to give your exact settings,
are your bets based on SP for each runner or same price for each runner?
you adjust your bets based on the current traded price?
how many markets your bot been profitable for and at what ROI / win loss ratio

SP for each runner using stored values and ensuring a certain % deviation from the SP, will only take a back position in running and will take best market price at the time, this is usually around 30s - 1 minute on average after the race has started depending on race length/type (no short sprints and no 3 mile chases). Each position will therefore take a different price depending on the odds at the time it's not set up to take fixed odds.

So far it's only a small sample size, I was trading it on Betdaq with £1 stakes across 25 markets, win/loss ratio on average is winning £1.40 with a £3 risk, 25 winners and 2 losses. Since I've moved to Betfair to take better liquidity I've upped to £5 stakes and traded a further 10 markets (once I'd adjusted some settings from Betdaq) with 9 winners and 1 loss

I totally take on board the 2 replies above you too, I am being really impatient here and I really should up the stakes slowly and increase my sample size I just don't want to feel like I'm wasting time and effort when I could be exploring other options if the most I'll ever get on is £5 or £10. Ideally I could do with at least £50 being matched.

[jimibt]

im quite experienced with in running, if you dont want to give your exact settings,
are your bets based on SP for each runner or same price for each runner?
you adjust your bets based on the current traded price?
how many markets your bot been profitable for and at what ROI / win loss ratio

SP for each runner using stored values and ensuring a certain % deviation from the SP, will only take a position in running and will take best market price at the time. Each position will therefore take a different price depending on the odds at the time it's not set up to take fixed odds.

So far it's only a small sample size, I was trading it on Betdaq with £1 stakes across 25 markets, win/loss ratio is 1:3, 25 winners and 2 losses. Since I've moved to Betfair to take better liquidity I've upped to £5 stakes and traded a further 10 markets (once I'd adjusted some settings from Betdaq) with 9 winners and 1 loss

i have an IP strategy that places LAY bets when certain market conditions are met. this is a mechanical strategy that knows very little about the odds on any runner, all it cares about is the market back book% and the *width* of any gaps between the back odds and the lay odds. in short, we may be nibbling on the same nut but in two very different ways. oh and fyi - i *seem* to have a better strike rate when placing lay bets in this scenario, rather than back bets...

[Diacritical Quark]

i have an IP strategy that places LAY bets when certain market conditions are met. this is a mechanical strategy that knows very little about the odds on any runner, all it cares about is the market back book% and the *width* of any gaps between the back odds and the lay odds. in short, we may be nibbling on the same nut but in two very different ways. oh and fyi - i *seem* to have a better strike rate when placing lay bets in this scenario, rather than back bets...

I started with a lay strategy but found my strike rate was worse, this may be as it will only monitor the first 3 favourites at the time and it was then dutching in a lay the field type scenario. I quickly found that it was actually picking the winner nearly everytime so naturally changed my tact.