Help with Bets based on Market %

[1856]

Hi All,
I would like to place a (horse racing ) lay bet X % lower than the best back price based on the current Back market %

Assume I want to use 12% lower ( I have learnt how to use Signals so can set up the market % )
I would need to have a triggers for every ~0.5% from 100 to say 140% to cover all of the market percentages. Example below.

Example Place a lay bet @ 12% lower than current market price when the back market is 100%
Example Place a lay bet @10% lower than current market price when the back market is 102%
Example Place a lay bet @ 5% lower than current market price when the back market is 105%
Example Place a lay bet @10% lower than current market price when the back market is 110%
Example Place a lay bet @ 0% lower than current market price when the back market is 112%

Can this be done another way, any ideas much appreciated?
Thanks
Michael

[jamesedwards]

Hi All,
I would like to place a (horse racing ) lay bet X % lower than the best back price based on the current Back market %

Assume I want to use 12% lower ( I have learnt how to use Signals so can set up the market % )
I would need to have a triggers for every ~0.5% from 100 to say 140% to cover all of the market percentages. Example below.

Example Place a lay bet @ 12% lower than current market price when the back market is 100%
Example Place a lay bet @10% lower than current market price when the back market is 102%
Example Place a lay bet @ 5% lower than current market price when the back market is 105%
Example Place a lay bet @10% lower than current market price when the back market is 110%
Example Place a lay bet @ 0% lower than current market price when the back market is 112%

Can this be done another way, any ideas much appreciated?
Thanks
Michael

You don't necessarily need to use signals. I would just set a rule for each that places the lay bet at '% below reverse market price' when condition 'Book Percentage condition' for the market's 'back price' is equal to Y%.

[Dabbla]

You could store values.
For your example, this is just 1 rule, 2 sv
Example 1
Sv1
(book%)100% - 100%= 0
Sv2
12%-0 =12%
Example 2
Sv1
(book %)102% - 100%= 2
Sv2
12%-2 =10%

[1856]

You could store values.
For your example, this is just 1 rule, 2 sv
Example 1
Sv1
(book%)100% - 100%= 0
Sv2
12%-0 =12%
Example 2
Sv1
(book %)102% - 100%= 2
Sv2
12%-2 =10%

Thanks for the reply, but Im not understanding what you're suggesting?

[Dabbla]

The above equation will give you the % that you’re looking for .
Instead of (book%) I should have said (back book %)

You can then use that % to calculate where you lay bet will be placed.
The above equation can be constantly updated.
You will only need 1 other rule to fire your lay bets with certain conditions.

Sorry if it’s a bit vague, but I don’t know your betting conditions

If it still doesn't make sense ill put a rough file together for you, once i have woke up a bit.

[1856]

Hey thanks so much, if you could put a file together that I could look at Im sure that help me understand it.
I really do appreciate you offering your time.
Cheers
Michael

[Dabbla]

Have a look at this, I think it’s what you were after.
The file will constantly place lay bets, on every selection, at the calculated price for the book% of £10,
Unless the calculated price already has a bet at that price or,
The calculated price is higher than then back price (if the back book% is greater than 112%).

You will need to add your own conditions and time frame, stake,selection.

The ladder file just shows the rough calculations.

12% LADDER.bls

Make sure you test it well in practice mode.

12% LADDER.baf

ladder12.PNG

[1856]

Have a look at this, I think it’s what you were after.
The file will constantly place lay bets, on every selection, at the calculated price for the book% of £10,
Unless the calculated price already has a bet at that price or,
The calculated price is higher than then back price (if the back book% is greater than 112%).

You will need to add your own conditions and time frame, stake,selection.

The ladder file just shows the rough calculations.
12% LADDER.bls

Make sure you test it well in practice mode.
12% LADDER.baf
ladder12.PNG

Thank you so much for your effort on this it is very much appreciated. Im off to understand how you did this?
Cheers
Michael