In running - place back bet at 2x lay

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jello
Posts: 11
Joined: Mon Sep 10, 2018 7:24 pm

Hi all,

Can anyone help me to create the following automation for horse racing in play markets, I've had a look through the previously created automation and cant see anything that I could modify to work as required.

monitor the market in play, if a lay bet 3.0 is matched for £50 then place back bet at twice the lay price to green up i.e. at 6.0 place a back bet of £25 so that the hedge is at the front of any money at 6.0 to be matched.

for a stop loss it would place a stop at 3.0 less 20%

thank you
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Dallas
Posts: 23534
Joined: Sun Aug 09, 2015 10:57 pm

On the parameters tab of your lay rule use

Offset bet with greening and stop

set the greening to 100%
for 'trigger stop loss' 20%
for 'place stop at' (i'd suggest using something higher like 30 to 40%) just so it has more chance of being matched in a fast moving market


If you only want the offset bet placed if the lay has been matched also enable the fill//kill in the same window
jello
Posts: 11
Joined: Mon Sep 10, 2018 7:24 pm

Hi Dallas
Thanks for the reply, i dont think i explainded it correctly, the servant or automation would be watching the market when its in running, when it sees i've placed a lay bet into the market it would place a back bet with stop loss at twice the lay price to green up across all selections.

I was going to try and modify this servant but didnt make any progress with modifying it correctly.

thank you
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jello
Posts: 11
Joined: Mon Sep 10, 2018 7:24 pm

has anyone done something similar? I'm trying to workout how to code the green up bet I would need to place at twice the price, using variables for price and stake.
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Dallas
Posts: 23534
Joined: Sun Aug 09, 2015 10:57 pm

jello wrote:
Fri Jul 03, 2020 11:12 pm
Hi Dallas
Thanks for the reply, i dont think i explainded it correctly, the servant or automation would be watching the market when its in running, when it sees i've placed a lay bet into the market it would place a back bet with stop loss at twice the lay price to green up across all selections.

I was going to try and modify this servant but didnt make any progress with modifying it correctly.

thank you
The instructions i gave above in my last post will do that.

Unless you don't want the greening and stop loss placed/active until a later time, ie, several seconds after your lay has been matched?
jello
Posts: 11
Joined: Mon Sep 10, 2018 7:24 pm

yes I was looking for the greening and stop loss to be active a set time after my lay has been matched

thank you
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Dallas
Posts: 23534
Joined: Sun Aug 09, 2015 10:57 pm

jello wrote:
Mon Jul 06, 2020 10:06 pm
yes I was looking for the greening and stop loss to be active a set time after my lay has been matched

thank you
How much later after your lay bet is matched do you want the greening and stop loss to become active?

What happens if the price has already passed where the stop would trigger before it has been armed?
ie, if your in a 60% loss when it arms do you still place it at 20% and wait for it to return to that price or just take the 60% or whatever the loss is after the set time you choose?
jello
Posts: 11
Joined: Mon Sep 10, 2018 7:24 pm

I'm planning to use the servant on NH racing, so a 5 second delay would be ok, I can test it out and modify it if needed.

stop loss I would be ok with it being placed at 20% and to wait for it to return.

when I'm watching the in running pictures could I manually trade out for a loss if I see the runner improving or will this clash with the automation?

thanks dallas
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