Stop Loss

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
Post Reply
Hampson
Posts: 2
Joined: Fri Nov 27, 2020 11:00 am

I'm not new to trading but I am fairly new to Bet Angel. Could someone please help me here. I know how to place a stop loss to green up, but I want to place a stop loss at a different price to my Lay Bet. For example. My lay bet is say £10 @ 4.5 and I want to place a stop loss at £7.50 at say 4.0. This gives me a small profit of £2.50 as long as it doesn't win. And if it drifts out and never comes in, then I get a profit of £10. If the horse wins then my liability is greatly reduced to about an even money bet.

To be clear this is the bet I want to put on.

LAY BET £10 @ 4.5
STOP LOSS £7.50 @ 4.0
jamesg46
Posts: 3773
Joined: Sat Jul 30, 2016 1:05 pm

You have no guarantee of getting your back bet matched at that price... I'm assuming you're wanting this for either a pre race entry to take in running, or a in running trade?

You could used a fixed odds condition on your back bet but with an inplay delay it may have already gone way past that price and then you're fully exposed.
Hampson
Posts: 2
Joined: Fri Nov 27, 2020 11:00 am

Thank you I'll look into it.
PaddyPowerEW
Posts: 4
Joined: Wed Apr 25, 2018 9:39 pm

Hi - new to BA - jumping onto this thread if i may -

any idea of best setting/way to automate a green up at stop loss point (for 100% of stake)?

have tried in BA but it seems to be stopping my bets from triggering...

STAKE: £2

Have put one of the conditions as 'close trade profit condition' (attached) - is this correct or shd i be trying to green up the stop loss another way (perhaps stop loss settings pic attached)?

not sure if i shd be using one/both or neither ?

Thanks
You do not have the required permissions to view the files attached to this post.
Post Reply

Return to “Bet Angel for newbies / Getting started”