advice on how to use the bookmaking tab
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johnoleary
- Posts: 50
- Joined: Sat Jan 15, 2011 10:22 pm
does anyone know if there is any good articles on the internet about this?
The best article is page 95 in the user manual
http://www.betangel.com/user-guide/bap.php
The way I use this is to tick the horses I want to lay, I do this pre race and I tick the "back" column, thus asking for the price.
What the bookmaking tab gives you is a way to equalise your liability evenly, or once you have mastered the software you can set a profit target. So maybe in a 6 runner race you could lay 4 of the field at different profit targets, say £10, £5, £4 and £0.
It sounds complex but it isn't. As an bookie you have a good understanding of the concept no doubt.
http://www.betangel.com/user-guide/bap.php
The way I use this is to tick the horses I want to lay, I do this pre race and I tick the "back" column, thus asking for the price.
What the bookmaking tab gives you is a way to equalise your liability evenly, or once you have mastered the software you can set a profit target. So maybe in a 6 runner race you could lay 4 of the field at different profit targets, say £10, £5, £4 and £0.
It sounds complex but it isn't. As an bookie you have a good understanding of the concept no doubt.
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johnoleary
- Posts: 50
- Joined: Sat Jan 15, 2011 10:22 pm
thanx for the help,yeh i do get the concept,have been playing around with dutching,but think the bookmaking is the way forward,not totally happy about how to keep bets inplay on betdaq i much prefer betfair,ive tried going to rules and ticking the box hoping it works lol..can anyone tell me what happens for example if i place a bet say on football on both teams and the draw,but one team isnt matched and the price goes against me,is there any way i can get out without making a loss?
re your question.
If the price goes against you then you need to adjust the price to get out. You will have a minor loss if the price hasn't moved too far.
What I sometimes do in a football match is use the time decay in my favour. example:
it is 2-0 you can lay both the losing team and the draw at the price on offer, but ask for a price on the leading team 1 or 2 ticks lower and adjusting your trigger to 101%. This is best when the leading team is attacking. If the losing team gets a goal then you are in danger, but still have a chance to get out without too much damage as the leading team is still leading. saying that there are much better ways to make money than this.
If the price goes against you then you need to adjust the price to get out. You will have a minor loss if the price hasn't moved too far.
What I sometimes do in a football match is use the time decay in my favour. example:
it is 2-0 you can lay both the losing team and the draw at the price on offer, but ask for a price on the leading team 1 or 2 ticks lower and adjusting your trigger to 101%. This is best when the leading team is attacking. If the losing team gets a goal then you are in danger, but still have a chance to get out without too much damage as the leading team is still leading. saying that there are much better ways to make money than this.