Laying by Liability

[Safeway]

Hi everybody, I'd appreciate any words of wisdom that are available.

Using automation with small stakes I am trialling a couple of strategies on the horses. I am trialling these strategies laying by both fixed stake and by liability to work out the most appropriate way to stake here.

If when laying by liability the price produces a stake which is below the Betfair minimum of £1 the bet seems to not be placed. Is this to be expected? If the automation backs below the £1 minimum stake there is of course no problem and the bet is placed.

If one of these strategies continues to work I will ramp up stakes / liabilities so the problem may disappear. Obviously I don't want to do that until I have done a lot more testing so would appreciate any input.

Thanks all

[sionascaig]

Hi everybody, I'd appreciate any words of wisdom that are available.

If when laying by liability the price produces a stake which is below the Betfair minimum of £1 the bet seems to not be placed. Is this to be expected?

There should not be a bet placement issue if liability stake is < £1.

Do it all the time, and often its just pennies at higher odds & no issues with BA placing the bets or BF accepting them.

(although if using small liabilities you probably will want to restrict bet placement to some maximum odds)

[Safeway]

Hi everybody, I'd appreciate any words of wisdom that are available.

If when laying by liability the price produces a stake which is below the Betfair minimum of £1 the bet seems to not be placed. Is this to be expected?

There should not be a bet placement issue if liability stake is < £1.

Do it all the time, and often its just pennies at higher odds & no issues with BA placing the bets or BF accepting them.

(although if using small liabilities you probably will want to restrict bet placement to some maximum odds)

Thanks for your comments here.

Not all of the bets triggered in these strategies are matched anyway (and never will be.) I am now wondering if I just happen to have had a low 'matching-rate' when using liability staking so I'll look very closely when I run the bot today.

Whilst on the subject......is laying by liability slower than laying by stake? I'm thinking a calculation has to be done for the bot to arrive at the stake and then place the lay........?

[sionascaig]

Thanks for your comments here.

Not all of the bets triggered in these strategies are matched anyway (and never will be.) I am now wondering if I just happen to have had a low 'matching-rate' when using liability staking so I'll look very closely when I run the bot today.

Whilst on the subject......is laying by liability slower than laying by stake? I'm thinking a calculation has to be done for the bot to arrive at the stake and then place the lay........?

It all seems pretty instantaneous to me (backs & lays). No noticeable difference.

And I wouldn't worry too much about matching rate if way off the money - you are still creating liquidity in the markets... But you may have to watch out for number of bets placed. I usually try to keep it under 1000 per hour (transactions). Have seen over 4000 per hour though and not had any issues with BF.

[Anbell]

The limit has been 5k/hour for a coupla years now (for betfair's definition of 'transaction')

[Safeway]

Thanks for your comments here.

Not all of the bets triggered in these strategies are matched anyway (and never will be.) I am now wondering if I just happen to have had a low 'matching-rate' when using liability staking so I'll look very closely when I run the bot today.

Whilst on the subject......is laying by liability slower than laying by stake? I'm thinking a calculation has to be done for the bot to arrive at the stake and then place the lay........?

It all seems pretty instantaneous to me (backs & lays). No noticeable difference.

And I wouldn't worry too much about matching rate if way off the money - you are still creating liquidity in the markets... But you may have to watch out for number of bets placed. I usually try to keep it under 1000 per hour (transactions). Have seen over 4000 per hour though and not had any issues with BF.

Thanks - I am very grateful mate.

Transaction numbers will be absolutely nothing like yours - like 0 or 1 or 2 or 3 a race. Without giving anything away, I take it your transaction numbers must be lots of different sports? No need to answer ;0)

[sionascaig]

The limit has been 5k/hour for a coupla years now (for betfair's definition of 'transaction')

Thanks Anbell - can't believe I missed that )

[sionascaig]

Transaction numbers will be absolutely nothing like yours - like 0 or 1 or 2 or 3 a race. Without giving anything away, I take it your transaction numbers must be lots of different sports? No need to answer ;0)

That's just for horse racing...

If you are trying to cover every selection with multiple bets it soon adds up.. And if you are value betting and believe you have value then really want to maximise exposure to whatever your limit is.

[Safeway]

Transaction numbers will be absolutely nothing like yours - like 0 or 1 or 2 or 3 a race. Without giving anything away, I take it your transaction numbers must be lots of different sports? No need to answer ;0)

That's just for horse racing...

If you are trying to cover every selection with multiple bets it soon adds up.. And if you are value betting and believe you have value then really want to maximise exposure to whatever your limit is.

Yeah I can understand
I’ll just have to go along like a snail for a while!
Seriously, you’ve helped a lot. If I can lay by liability, not knowing what my stake will be and not worrying about stake size I will make more…………..….as long as my selections are right