Laying at % of SP

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cherylTR
Posts: 4
Joined: Sun Oct 18, 2020 8:09 am

Hi, new user, be gentle :) I've got a bot which has 3 rules; fix order, store SP of selection and then place a lay if it drifts from SP by a certain amount but I'm stuggling to get lays matched. I've tried 2nd and 3rd best price, reverse price with no joy. I see that there's a 'custom % above SP' option. If I used that would it remove the need for my other 2 rules? And would it work to have it firing just after the off? I'm basically aiming to have my lay sat at a certain price waiting to be taken, am I on the right track? Cheers for any help.
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Dallas
Posts: 23599
Joined: Sun Aug 09, 2015 10:57 pm

You can just use 'place at custom ticks above SP and keep your conditions as they are.
You can't remove them otherwise it will just place the bet above the SP and Betfair will match it at the best price

So the conditions tell it when to trigger and the rule itself places it a bit further above
ie, if you condition is 50% above SP, you might want to place it at 60% or 70% above SP
(so its triggering 10%-20% above where it triggers
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cherylTR
Posts: 4
Joined: Sun Oct 18, 2020 8:09 am

Thanks for the help. Just to confirm I understand, if I leave my stored SP trigger the same, i.e 50%, then change the parameter of the lay bet to 'custom % above SP' = 60% then it'll trigger when it drifts 50% and throw in a lay far enough above the trigger point to hopefully get taken? So if I change 60% to 100% it'll take the best price anyway so have a better chance at being matched?
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Dallas
Posts: 23599
Joined: Sun Aug 09, 2015 10:57 pm

cherylTR wrote:
Mon Dec 28, 2020 6:53 pm
Thanks for the help. Just to confirm I understand, if I leave my stored SP trigger the same, i.e 50%, then change the parameter of the lay bet to 'custom % above SP' = 60% then it'll trigger when it drifts 50% and throw in a lay far enough above the trigger point to hopefully get taken? So if I change 60% to 100% it'll take the best price anyway so have a better chance at being matched?
Yes thats correct

But if you are laying to a liability it will calculate it using the placement price, so you need to find the balance between placing it enough ticks/percentage above but not to far that you end up with a tiny stake due to it being calculated at much higher odds than it gets matched at
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cherylTR
Posts: 4
Joined: Sun Oct 18, 2020 8:09 am

Ah gotcha, so changing from 60 to 100 changes the stake. So I could switch to fixed stake and pop a max odds condition in there as a safety net. Nice. Thanks so much for your help.
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