Fixed back odds

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cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Hello all
Probably a basic function but I don't know it
I would like to be able to place back bets before the off / kick off at a fixed price and I don't know how to do it as the default setting is to place the bet at the current price
Tried it manually inplay but the lag between entering and actual placement means it doesn't work
Anbell
Posts: 2407
Joined: Fri Apr 05, 2019 2:31 am

cyclops1000 wrote:
Tue Oct 13, 2020 4:09 am
Hello all
Probably a basic function but I don't know it
I would like to be able to place back bets before the off / kick off at a fixed price and I don't know how to do it as the default setting is to place the bet at the current price
Tried it manually inplay but the lag between entering and actual placement means it doesn't work
Paramaters / place at /fixed price /odds
cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Sorry I should have explained better
I did set fixed odds but I want to place the bet before the start so it's there already if the price is met
I did set fixed odds to place 10 seconds before the start but it didn't fire
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MemphisFlash
Posts: 2339
Joined: Fri May 16, 2014 10:12 pm

did you "keep all" before the suspension at the start of the event?
Anbell
Posts: 2407
Joined: Fri Apr 05, 2019 2:31 am

cyclops1000 wrote:
Tue Oct 13, 2020 6:05 am
Sorry I should have explained better
I did set fixed odds but I want to place the bet before the start so it's there already if the price is met
I did set fixed odds to place 10 seconds before the start but it didn't fire
That's usually an issue with your refresh rate. Make sure that you give the bet window enough breathing space so set it to arm at 10 secs before until say 1 sec before.
cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Got it set to arm 10 seconds before until 10 minutes after the start
Anbell
Posts: 2407
Joined: Fri Apr 05, 2019 2:31 am

cyclops1000 wrote:
Tue Oct 13, 2020 7:00 am
Got it set to arm 10 seconds before until 10 minutes after the start
Dont know. You might have to post more info
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Dallas
Posts: 23599
Joined: Sun Aug 09, 2015 10:57 pm

cyclops1000 wrote:
Tue Oct 13, 2020 4:09 am
Hello all
Probably a basic function but I don't know it
I would like to be able to place back bets before the off / kick off at a fixed price and I don't know how to do it as the default setting is to place the bet at the current price
Tried it manually inplay but the lag between entering and actual placement means it doesn't work
Sounds like you are wanting to back at a price lower than it currently is?

If so using a fixed odds condition is the way to do it, but Betfair always match bets at the best price as soon as you submit them so you can't place it in advance to be matched if the price shortens.

The fixed odds condition will stop the rule from submitting the bet until your specified price is reached but then you'll still have to wait for the in-play delay before it appears in the market.

If you weren't bothered about what odds you were matched at you could do something like use a fixed odds condition
Price is less than 2.0

but place the bet at 1.01

So it will always be matched but this includes at very low prices
cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Ok thanks
Will give it a go
cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Just tried it on a couple of Australian races
Works exactly like I want

Thanks again
cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Got a question
Set up a bot to place bets at between 1.01 and 1.1once in play but it placed a bet on match odds at 1.94 after the match had been going 30 minutes
Do I possibly need to play around with unsuspended time conditions ?
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Dallas
Posts: 23599
Joined: Sun Aug 09, 2015 10:57 pm

cyclops1000 wrote:
Wed Oct 14, 2020 9:55 pm
Got a question
Set up a bot to place bets at between 1.01 and 1.1once in play but it placed a bet on match odds at 1.94 after the match had been going 30 minutes
Do I possibly need to play around with unsuspended time conditions ?
Yes, otherwise if BF suspend for a dangerous attack, penalty, sending off etc which will see most the money cancelled, as it unsuspends that can cause the bet to trigger prematurely and before it reforms around its previous price.

If there's a genuine goal and the price has now shortened because of it then the bet will still trigger after the unsuspended time condition you set as your price condition is still met
cyclops1000
Posts: 72
Joined: Mon May 06, 2019 10:01 am

Have it set for 60 seconds
Would 120 be more realistic ?
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Dallas
Posts: 23599
Joined: Sun Aug 09, 2015 10:57 pm

cyclops1000 wrote:
Wed Oct 14, 2020 10:21 pm
Have it set for 60 seconds
Would 120 be more realistic ?
Yes, anywhere from 60-90secs is what I use, use a longer time if trading lower leagues where there's less money and it takes more time for the market to start reforming
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