I am laying the fav and made my rules etc.
When I go into "Bet Angel Settings" and then into "lay automation rules" I entered 1.03 as the lowest price and 5.0 as the highest, but the system is laying favs higher than 5
I think I may have missed something but not sure what?
Any ideas guys?
How do you limit the lay price?
I'm putting my toe in the water for some IP laying and I want to lay at Reverse market price, but also with a maximum price of the Actual SP, or even a fixed price of, say, 5.0. It seems silly but I can't find a way to do that.
I can use a Fixed Odds condition that the back price is < 5.0, but I'm concerned that in a fast moving IP race the odds might jump from 5 to 100 in an instant and it checks that the price is under 5, but then places the bet at Best Reverse which is now 100.
Is there a way to limit the price and also place at best reverse?
TIA
Hi Anbel,
The question you pose begs more questions and the answer depends on a number of factors. Do you already know in advance which is your selection? If so the answer is straightforward Place you lay bet at your desired price if above current well in advance of the time you expect a match and wait for the match. I suspect however that your lay bet is conditional on a number of things and particularly if its a very late bet like li inside the final couple of furlong when a certain price is reached then you will likely only get matched by offering a price higher than on offer at that instant. I would suggest 0.5 odds above current . You may not have to suffer that price depending on the odds/money available but that is the risk you may have to take if late in play betting. You could as an example place at 1.8 conditioned on 2.0 is reached. If the fav is greater than 2.0 you might get matched by offering only say 10 ticks higher.
Another option is to only offer a few ticks above current odds (see the parameter options) but have a fill/kill of say 3 secs allowing 3 triggers rearming every 3 seconds but crucially with "a number of matched bets = 0" condition with "a number of unmatched bets=0" condition to ensure you do not have unwanted repeat bets. I would also use the " time since an unmatched bet condition of 1 second" as a further safeguard.When unmatched the fill/kill may go in again and again at new revised odds which may allow an eventual match.
The bottom line is that you must always go higher than current to guarantee a lay bet match and how high depends on how late in the event and how low in the odds you are seeking. Mid race at odds about 5.0 should have no problem getting matched. In my experience under
1.8 is when everything gets hectic and prices move downwards at a high rate. Hope that helped Best of luck .
The question you pose begs more questions and the answer depends on a number of factors. Do you already know in advance which is your selection? If so the answer is straightforward Place you lay bet at your desired price if above current well in advance of the time you expect a match and wait for the match. I suspect however that your lay bet is conditional on a number of things and particularly if its a very late bet like li inside the final couple of furlong when a certain price is reached then you will likely only get matched by offering a price higher than on offer at that instant. I would suggest 0.5 odds above current . You may not have to suffer that price depending on the odds/money available but that is the risk you may have to take if late in play betting. You could as an example place at 1.8 conditioned on 2.0 is reached. If the fav is greater than 2.0 you might get matched by offering only say 10 ticks higher.
Another option is to only offer a few ticks above current odds (see the parameter options) but have a fill/kill of say 3 secs allowing 3 triggers rearming every 3 seconds but crucially with "a number of matched bets = 0" condition with "a number of unmatched bets=0" condition to ensure you do not have unwanted repeat bets. I would also use the " time since an unmatched bet condition of 1 second" as a further safeguard.When unmatched the fill/kill may go in again and again at new revised odds which may allow an eventual match.
The bottom line is that you must always go higher than current to guarantee a lay bet match and how high depends on how late in the event and how low in the odds you are seeking. Mid race at odds about 5.0 should have no problem getting matched. In my experience under
1.8 is when everything gets hectic and prices move downwards at a high rate. Hope that helped Best of luck .
Thanks for your thorough response!grindhog wrote: ↑Tue Mar 16, 2021 2:34 amHi Anbel,
The question you pose begs more questions and the answer depends on a number of factors. Do you already know in advance which is your selection? If so the answer is straightforward Place you lay bet at your desired price if above current well in advance of the time you expect a match and wait for the match. I suspect however that your lay bet is conditional on a number of things and particularly if its a very late bet like li inside the final couple of furlong when a certain price is reached then you will likely only get matched by offering a price higher than on offer at that instant. I would suggest 0.5 odds above current . You may not have to suffer that price depending on the odds/money available but that is the risk you may have to take if late in play betting. You could as an example place at 1.8 conditioned on 2.0 is reached. If the fav is greater than 2.0 you might get matched by offering only say 10 ticks higher.
Another option is to only offer a few ticks above current odds (see the parameter options) but have a fill/kill of say 3 secs allowing 3 triggers rearming every 3 seconds but crucially with "a number of matched bets = 0" condition with "a number of unmatched bets=0" condition to ensure you do not have unwanted repeat bets. I would also use the " time since an unmatched bet condition of 1 second" as a further safeguard.When unmatched the fill/kill may go in again and again at new revised odds which may allow an eventual match.
The bottom line is that you must always go higher than current to guarantee a lay bet match and how high depends on how late in the event and how low in the odds you are seeking. Mid race at odds about 5.0 should have no problem getting matched. In my experience under
1.8 is when everything gets hectic and prices move downwards at a high rate. Hope that helped Best of luck .
Yeah, I do know which horses I want to lay.
The IP spreads in Aus are really poor, so I want to be at Best Reverse. I don't need to guarantee getting matched. And I'm pinging in bets every second till the end of the race, including as they cross the line, so I want to be able to place a max price limit on the lay bet.
Hi Anbel,
I noticed that unlike the UK-IRISH racing where the PL is always reported back 100% of time for the AUS racing you get many PL gaps when your ranking update begins at the money on prices. This makes me think that the reporting from the very far Aus is on the slow side which would hinder your chances of placing a late bet. Your best chances at that time will rest with the price you offer to the market ,the higher the better your chance. I doubt if a 1 tick higher than best market price is sufficient. Im not an expert on Aus racing although i use it for practice mode testing and maybe others can guide you on that.
I noticed that unlike the UK-IRISH racing where the PL is always reported back 100% of time for the AUS racing you get many PL gaps when your ranking update begins at the money on prices. This makes me think that the reporting from the very far Aus is on the slow side which would hinder your chances of placing a late bet. Your best chances at that time will rest with the price you offer to the market ,the higher the better your chance. I doubt if a 1 tick higher than best market price is sufficient. Im not an expert on Aus racing although i use it for practice mode testing and maybe others can guide you on that.
THanks.grindhog wrote: ↑Tue Mar 16, 2021 10:29 amHi Anbel,
I noticed that unlike the UK-IRISH racing where the PL is always reported back 100% of time for the AUS racing you get many PL gaps when your ranking update begins at the money on prices. This makes me think that the reporting from the very far Aus is on the slow side which would hinder your chances of placing a late bet. Your best chances at that time will rest with the price you offer to the market ,the higher the better your chance. I doubt if a 1 tick higher than best market price is sufficient. Im not an expert on Aus racing although i use it for practice mode testing and maybe others can guide you on that.
I'm not having any trouble getting bets matched.
I'm wondering if I can place a maximum limit on the price of the lay bet.
Same condition, but for what you want you'd set it to test the lay price or actual SPAnbell wrote: ↑Tue Mar 16, 2021 1:44 amI'm putting my toe in the water for some IP laying and I want to lay at Reverse market price, but also with a maximum price of the Actual SP, or even a fixed price of, say, 5.0. It seems silly but I can't find a way to do that.
I can use a Fixed Odds condition that the back price is < 5.0, but I'm concerned that in a fast moving IP race the odds might jump from 5 to 100 in an instant and it checks that the price is under 5, but then places the bet at Best Reverse which is now 100.
Is there a way to limit the price and also place at best reverse?
TIA