Spread Entry & Exit Servant (as shown in Peters video)

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gstar1975
Posts: 710
Joined: Thu Nov 24, 2011 11:59 am

Dallas wrote:
Tue Nov 08, 2022 4:09 pm
gstar1975 wrote:
Tue Nov 08, 2022 3:18 pm
Is there a servant to close out your position say you have 10 exits (10% net stake) from 1 to 10 ticks above entry at every 1 tick above the where you entered, say some of them got matched but 5 didn't, so now you need a servant to place those closing bets at the Best Reverse Price until matched then drag the others when they are closed to give you an average exit, just like Peter has shown in another video the best way to exit a trade
So assuming 5 of 10 spread bets are matched you then want the remaining (when you choose) to be closed at the best price?

I'm just not sure what you mean by the following?
then drag the others when they are closed to give you an average exit
So keep placing the closing bets (net 10% of stake) at the Best Reverse Price until either all closing bets are matched or until 0secs left
Jodami
Posts: 9
Joined: Sun May 10, 2009 12:54 pm

Hi Dallas

I've got this Servant loaded as a Custom Column on the One Click screen but when I use back as an Iceberg Back and Lay but in that context it will only place a split stake on what the back and lay stake default is set on the One Click screen.

Is there a way of using this type of servant to back and lay to a set stake - for instance spreading a back stake of £50 at the best current three market prices and doing the same to a set lay liability say of £100. I'm sure I've seen a servant that is capable of doing this.
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Dallas
Posts: 23290
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

Jodami wrote:
Thu Nov 17, 2022 11:36 pm
Hi Dallas

I've got this Servant loaded as a Custom Column on the One Click screen but when I use back as an Iceberg Back and Lay but in that context it will only place a split stake on what the back and lay stake default is set on the One Click screen.

Is there a way of using this type of servant to back and lay to a set stake - for instance spreading a back stake of £50 at the best current three market prices and doing the same to a set lay liability say of £100. I'm sure I've seen a servant that is capable of doing this.
The stake can be changed on the parameters tab to whatever you want
Jodami
Posts: 9
Joined: Sun May 10, 2009 12:54 pm

Dallas wrote:
Fri Nov 18, 2022 12:45 pm
Jodami wrote:
Thu Nov 17, 2022 11:36 pm
Hi Dallas

I've got this Servant loaded as a Custom Column on the One Click screen but when I use back as an Iceberg Back and Lay but in that context it will only place a split stake on what the back and lay stake default is set on the One Click screen.

Is there a way of using this type of servant to back and lay to a set stake - for instance spreading a back stake of £50 at the best current three market prices and doing the same to a set lay liability say of £100. I'm sure I've seen a servant that is capable of doing this.
The stake can be changed on the parameters tab to whatever you want
In the scenario that I mention which parameters would I need to set?
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Dallas
Posts: 23290
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

Jodami wrote:
Fri Nov 18, 2022 1:48 pm
Dallas wrote:
Fri Nov 18, 2022 12:45 pm
Jodami wrote:
Thu Nov 17, 2022 11:36 pm
Hi Dallas

I've got this Servant loaded as a Custom Column on the One Click screen but when I use back as an Iceberg Back and Lay but in that context it will only place a split stake on what the back and lay stake default is set on the One Click screen.

Is there a way of using this type of servant to back and lay to a set stake - for instance spreading a back stake of £50 at the best current three market prices and doing the same to a set lay liability say of £100. I'm sure I've seen a servant that is capable of doing this.
The stake can be changed on the parameters tab to whatever you want
In the scenario that I mention which parameters would I need to set?
You'd use a Fixed amount
Jodami
Posts: 9
Joined: Sun May 10, 2009 12:54 pm

Dallas wrote:
Fri Nov 18, 2022 3:31 pm
Jodami wrote:
Fri Nov 18, 2022 1:48 pm
Dallas wrote:
Fri Nov 18, 2022 12:45 pm


The stake can be changed on the parameters tab to whatever you want
In the scenario that I mention which parameters would I need to set?
You'd use a Fixed amount
Thanks again.....
kenfrost
Posts: 86
Joined: Mon Jul 31, 2023 12:09 pm

I don't understand how spreading back/lay bets at the same time as per this article's opening paragraphs https://www.betfairtradingblog.com/betf ... ntry-exit/ can result in a profit if the horse drifts or comes in?

Surely you are left with unmatched lay/back on the other side and a loss?
kenfrost
Posts: 86
Joined: Mon Jul 31, 2023 12:09 pm

I don't understand how spreading back/lay bets at the same time as per this article's opening paragraphs https://www.betfairtradingblog.com/betf ... ntry-exit/ can result in a profit if the horse drifts or comes in?

Surely you are left with unmatched lay/back on the other side and a loss?
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Euler
Posts: 25723
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

This isn't a strategy as such, more a way.

Markets tend to meander a lot and by spreading your entry and exit you get a good average price.

But also in markets that are range bound a lot of your orders are going to fill anyway.

If you want to work out which markets are range bound and which to avoid: -

https://youtu.be/dy-ER3wRnxo
kenfrost
Posts: 86
Joined: Mon Jul 31, 2023 12:09 pm

Euler wrote:
Thu Jan 30, 2025 2:22 pm
This isn't a strategy as such, more a way.

Markets tend to meander a lot and by spreading your entry and exit you get a good average price.

But also in markets that are range bound a lot of your orders are going to fill anyway.

If you want to work out which markets are range bound and which to avoid: -

https://youtu.be/dy-ER3wRnxo
Thanks 😊 . Am I right in thinking though that if, for example, the lay bets were all matched and the horse continued to come in, then you would have to bite the bullet and take a loss rather than doubling down in the hope that it might reverse ?
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Euler
Posts: 25723
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Yes, you still need to judge each market.

It's just that nobody is clever enough to pinpoint the exact turning points. So it's help to be generally right.

Here is an example of me getting out of a bad trade

https://www.youtube.com/watch?v=FnzF8gxNYvI
kenfrost
Posts: 86
Joined: Mon Jul 31, 2023 12:09 pm

Euler wrote:
Thu Jan 30, 2025 3:40 pm
Yes, you still need to judge each market.

It's just that nobody is clever enough to pinpoint the exact turning points. So it's help to be generally right.

Here is an example of me getting out of a bad trade

https://www.youtube.com/watch?v=FnzF8gxNYvI
Thanks, that's very helpful. Also I see I can get a chart that shows a better version of the betfair one :)
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