How to lay a specific [backer's stake] value at SP?

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jamesedwards
Posts: 4059
Joined: Wed Nov 21, 2018 6:16 pm

Hi all.

In Guardian, is there way to lay a selection at SP at a specific [backer's stake] so that I guarantee an exact (or near exact) profit if the selection does not win?

I can only figure out how to lay at SP by [my liability] rather than by the [backer's stake].
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jamesedwards
Posts: 4059
Joined: Wed Nov 21, 2018 6:16 pm

If this is not possible then I guess an alternative option would be to calculate an approximate [my liability] required to achieve the desired [backer's stake] based on the projected SP?

eg if I want to profit a value close to £10 from a losing selection with a [projected SP] of 18.0 I would set a liability stake of £170 at [projected SP] and trigger it to set any remaining unmatched to SP at off. Is this the best way to achieve what I want to do?
Anbell
Posts: 2383
Joined: Fri Apr 05, 2019 2:31 am

jameegray1 wrote:
Mon Jun 22, 2020 1:55 am
If this is not possible then I guess an alternative option would be to calculate an approximate [my liability] required to achieve the desired [backer's stake] based on the projected SP?

eg if I want to profit a value close to £10 from a losing selection with a [projected SP] of 18.0 I would set a liability stake of £170 at [projected SP] and trigger it to set any remaining unmatched to SP at off. Is this the best way to achieve what I want to do?
It depends what you're trying to do, how accurate you want/need to be (and perhaps what sport you're trading.)

A few points:
1. You can't guarantee $10 because it depends on the SP, as you seem to have figured out.
2. Projected SP is only updated every 60 secs (Thanks ShaunWhite)
3. If you're thinking of putting money onto the exchange near the current market price (e.g. using Projected SP), you have to pick a time for when Guardian places the bet. You might choose the start time of the event, for example, but prices can change between scheduled event time and actual event start.
4. IMO, you'd be better off using something like the reverse current market price at event time rather than Projected SP. (i.e. I *expect* that market price at event-time would be more accurate, on average, that Projected SP at event-time)
5. BSP has a minimum lay liability of 10 quid. If you put some $ onto the exchange and most of it is taken such that you no longer have 10quid liability, the remainder will lapse.

Hope that helps.
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jamesedwards
Posts: 4059
Joined: Wed Nov 21, 2018 6:16 pm

Anbell wrote:
Mon Jun 22, 2020 3:37 am
jameegray1 wrote:
Mon Jun 22, 2020 1:55 am
If this is not possible then I guess an alternative option would be to calculate an approximate [my liability] required to achieve the desired [backer's stake] based on the projected SP?

eg if I want to profit a value close to £10 from a losing selection with a [projected SP] of 18.0 I would set a liability stake of £170 at [projected SP] and trigger it to set any remaining unmatched to SP at off. Is this the best way to achieve what I want to do?
It depends what you're trying to do, how accurate you want/need to be (and perhaps what sport you're trading.)

A few points:
1. You can't guarantee $10 because it depends on the SP, as you seem to have figured out.
2. Projected SP is only updated every 60 secs (Thanks ShaunWhite)
3. If you're thinking of putting money onto the exchange near the current market price (e.g. using Projected SP), you have to pick a time for when Guardian places the bet. You might choose the start time of the event, for example, but prices can change between scheduled event time and actual event start.
4. IMO, you'd be better off using something like the reverse current market price at event time rather than Projected SP. (i.e. I *expect* that market price at event-time would be more accurate, on average, that Projected SP at event-time)
5. BSP has a minimum lay liability of 10 quid. If you put some $ onto the exchange and most of it is taken such that you no longer have 10quid liability, the remainder will lapse.

Hope that helps.
Cheers. Will give it a go.
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