Hi all,
Probably a very simple question so I apologise in advance but I have a lay bet by liability selected in my automation. I want to place a lay bet with a liability of €2. Bets are being placed but the liability is different on each. Any idea where I might be going wrong?
Essentially what I'm trying to do is place a lay bet into the market with a liability of €2. At the same time I want to place an offset bet with greening for a profit of €2. Not sure if this makes things easier or more diffucult but I would really appreciate any advice you might have on this.
Full Lay Bet not being placed
Are the bets getting matched at a shorter price than you asked for, hence a smaller liability?nik123456 wrote: ↑Mon Jul 10, 2023 12:22 pmHi all,
Probably a very simple question so I apologise in advance but I have a lay bet by liability selected in my automation. I want to place a lay bet with a liability of €2. Bets are being placed but the liability is different on each. Any idea where I might be going wrong?
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jamesedwards
- Posts: 4369
- Joined: Wed Nov 21, 2018 6:16 pm
Minimum Betfair stake is £1 so if you're trying to lay something at odds bigger than 3.0 for £2 liability then the stake will be too small. Bet Angel will get around this by placing bets at 1.01 and then moving the relevant amount up to the right odds, but this will take a few seconds to hit the market if you are trading in-running, by which time the prices might have moved.
Jumping on this old thread with a related question - or is this the actual question?
Thanks to the help from the good people on here I am trialling an in-running automation on the horses. Trial and error at the moment small stakes.
The automation will select certain horses at certain points and lay by liability stake BUT it doesn't if the price is high relative to the liability ie. the calculation would produce what would be a very small stake....below £1 in some cases. No bet and nothing in the log.
I am assuming therefore that with liability staking the stake calculated from the liability and price must be £1 or greater which seems to be confirmed by James' post here. Why though? I have just placed a back stake of 10p on an Aussie race just to check and it was placed. If this is the problem why is the £1 minimum stake imposed only if liability staking is used?
Is there a way to work around this? If not I'll simply use fixed stake but its not my first choice
Thanks all!
Thanks to the help from the good people on here I am trialling an in-running automation on the horses. Trial and error at the moment small stakes.
The automation will select certain horses at certain points and lay by liability stake BUT it doesn't if the price is high relative to the liability ie. the calculation would produce what would be a very small stake....below £1 in some cases. No bet and nothing in the log.
I am assuming therefore that with liability staking the stake calculated from the liability and price must be £1 or greater which seems to be confirmed by James' post here. Why though? I have just placed a back stake of 10p on an Aussie race just to check and it was placed. If this is the problem why is the £1 minimum stake imposed only if liability staking is used?
Is there a way to work around this? If not I'll simply use fixed stake but its not my first choice
Thanks all!