I have my bot setup to park my bet 6 ticks below 10 seconds before the off then take SP.
To allow for the lower bet parking I have to slightly increase the bank percentage rate.
It works it just seem slightly messy and I was wondering if thats the usual way as i do get varible returns.
Taking SP at percentage of bank
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ShaunWhite
- Posts: 10570
- Joined: Sat Sep 03, 2016 3:42 am
Can't vouch for everyone but I park my sp backs at 1000 and stake according to the current price (if you want a fixed return). Then if the current price changes enough to affect my back stake by £x then I'll cancel and replace it. When the market goes IP the sp will be near to the last price and the stake will be as close as you can practicably be. Ditto lays at 1.01.
I'm sure that's possible with BA too.
It's like the business end of an auto-hedge bot that maintains a closing sp bet which varies according to your current liability. But your version would just use your %age bank not the complication of looking for liability changes as well as the change in estimated sp.
... And do implement a threshold for the the stake change otherwise it'll cancel/replace for penny differences and introduce unnecessary risk or high transaction counts.
I'm sure that's possible with BA too.
It's like the business end of an auto-hedge bot that maintains a closing sp bet which varies according to your current liability. But your version would just use your %age bank not the complication of looking for liability changes as well as the change in estimated sp.
... And do implement a threshold for the the stake change otherwise it'll cancel/replace for penny differences and introduce unnecessary risk or high transaction counts.
Thank you for your thoughts.ShaunWhite wrote: ↑Wed Jan 04, 2023 5:58 pmCan't vouch for everyone but I park my sp backs at 1000 and stake according to the current price (if you want a fixed return). Then if the current price changes enough to affect my back stake by £x then I'll cancel and replace it. When the market goes IP the sp will be near to the last price and the stake will be as close as you can practicably be. Ditto lays at 1.01.
I'm sure that's possible with BA too.
It's like the business end of an auto-hedge bot that maintains a closing sp bet which varies according to your current liability. But your version would just use your %age bank not the complication of looking for liability changes as well as the change in estimated sp.
... And do implement a threshold for the the stake change otherwise it'll cancel/replace for penny differences and introduce unnecessary risk or high transaction counts.