Hi guys, me WelshMage again.
Not been using BA for long and have had some great advice from the community already. What I seem to struggle with on the automation is the Rule / Trigger times. I'm nervous about firing loads of bets into the market.
For example, I have set up an automation that uses the Fixed odds condition to see if the price of the Home favourite in a football match has moved out to what I consider value and worth a Trade. So, if the Home team is currently 1.6 and my fixed odds condition is 1.7, I want to know how to ensure that the automation keeps checking the fixed odds condition (I'm thinking using always armed), and then if the price has reached 1.7 it fires a bet on the Home team for £20.
But I want to know how to ensure that once it has fired the bet into the market, it doesn't fire any further bets.
Any ideas before tomorrow's main Saturday fixtures would be really appreciated.
Fire bets for 15 mins but only bet once!!
It only needs to be armed for 1 trigger
Each time a market is refreshed it checks to see if your condition/s are satisfied if they are the rule can trigger, if not it does nothing and its checked again next time the market is refreshed
Also you wouldn't need to use a condition when offering a back bet at a price higher than its currently trading, you can just place it at 1.70 whenever you want and it will be matched if the selection trades at that price
Each time a market is refreshed it checks to see if your condition/s are satisfied if they are the rule can trigger, if not it does nothing and its checked again next time the market is refreshed
Also you wouldn't need to use a condition when offering a back bet at a price higher than its currently trading, you can just place it at 1.70 whenever you want and it will be matched if the selection trades at that price
Dallas, you're turning into one of my favourite people.
I am combining this with the advice you gave me for exiting at 20% profit or exiting at 10% loss. I took the rules from the servant file you suggested I download. I think because I saw all the rules within that servant as being always armed, it was in my head.
So, what you are saying I need to do is have a rule for placing a back bet with the Rule / Trigger time set to 1, a condition that uses Fixed odds price is greater than 1.7; and to put this rule before the others that create the stored values for getting out at either 20% win or 10% loss.
I hope I'm correct here. I'm loving this automation stuff because I programme a great deal in Excel and I can see the logic behind the If condition True or False concept. But when you know you have real money on the line it's better to check with the experts, I think. Thanks again for your super quick response.
I am combining this with the advice you gave me for exiting at 20% profit or exiting at 10% loss. I took the rules from the servant file you suggested I download. I think because I saw all the rules within that servant as being always armed, it was in my head.
So, what you are saying I need to do is have a rule for placing a back bet with the Rule / Trigger time set to 1, a condition that uses Fixed odds price is greater than 1.7; and to put this rule before the others that create the stored values for getting out at either 20% win or 10% loss.
I hope I'm correct here. I'm loving this automation stuff because I programme a great deal in Excel and I can see the logic behind the If condition True or False concept. But when you know you have real money on the line it's better to check with the experts, I think. Thanks again for your super quick response.
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ShaunWhite
- Posts: 10570
- Joined: Sat Sep 03, 2016 3:42 am
1. Make use of Practice Mode to test your automation.
2. ALWAYS move the bulk of your balance to the Poker or Games Wallet while testing and just leave the bare min in your Main wallet. That's advisable anyway to prevent manual or auto cockups. (some suggest parking spare funds on speculative offers on long term markets.)
We've probably all had the odd oops moment, esp making small 'easy' changes we don't feel needed testing. You can get through a lot of money betting £2 every 20ms..... been there.
but I'd only given it a tenner to play with so no drama. Whatever you do don't control your available balance with deposits and withdrawals otherwise you'll get flagged as being ify.
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ShaunWhite
- Posts: 10570
- Joined: Sat Sep 03, 2016 3:42 am
Are you using the Betfair historic data? If you've got some IT skills you can do some backtesting or at least some basic analysis. That way you can find out if you're 10% 20% etc is optimal rather than 8% or 22% etc. And you can do that over 000s of races rather than doing it live. Margins are tight, it's highly unlikely that guessing and then trying to adjust on the fly will be profitable.
Yes that's correct about the triggerWelshMage wrote: ↑Fri Oct 07, 2022 12:36 pm
So, what you are saying I need to do is have a rule for placing a back bet with the Rule / Trigger time set to 1, a condition that uses Fixed odds price is greater than 1.7; and to put this rule before the others that create the stored values for getting out at either 20% win or 10% loss.
but the order the rule is put in isn't important in this case (its only if its setting a stored value or signal that another needs to use within the same refresh cycle)
Also you would only really need to use the fixed odds condition if the price was trading above where you wanted to place the back bet
If its below then you can just place it at any price higher you want