Lay to back auto servant

[lavenham]

I downloaded a copy of the attached file a long time ago and can no longer find it, after extensive searching.
I'm trying to modify it for in-running so that I place a lay bet which is then offset by a number of ticks, using a percentage of the lay stake. This all works fine but I wanted the back bets to be green up amounts so I don't then have to subsequently green up in the frantic last minutes.
I have tried various approaches without success. Can anyone offer any solutions please?
I did look at the ASC Offset bets in a spread servant which Dallas posted but this places a number of offset bets with greening which works but means a large liability if things go wrong.
Any help/ideas gratefully received.
Thanks

[Euler]

Use with greening as that will automatically hedge the right amount into the market given the offset you have provided.

[lavenham]

Thanks for the reply Euler. Got a bit tied up yesterday hence late reply.
Still can't see what I am doing wrong. I tried changing the Hedge bets to Offset Bet with greening for each hedge and still doesn't work.
Think I might be overthinking this one, as I can't think of how to get the result I want.
Where in the servant should I be putting the greening command as you suggested?
Thanks

[jtrader]

Thanks for the reply Euler. Got a bit tied up yesterday hence late reply.
Still can't see what I am doing wrong. I tried changing the Hedge bets to Offset Bet with greening for each hedge and still doesn't work.
Think I might be overthinking this one, as I can't think of how to get the result I want.
Where in the servant should I be putting the greening command as you suggested?
Thanks

I've used a servant made by Dallas and just implemented rules to calculate your hedging stakes. I couldn't check if it's working,but you could do it in practice mode.

lay servant latest MOD 3 LTB.baf

[lavenham]

Brilliant. Works perfectly. The construction is way beyond my pay grade. I was flapping about making things complicated and not getting anywhere.
Many thanks

[jtrader]

Brilliant. Works perfectly. The construction is way beyond my pay grade. I was flapping about making things complicated and not getting anywhere.
Many thanks

All thanks to Dallas by the way!

[lavenham]

I second that..
Many thanks to you Dallas.

[Safeway]

Thanks to Dallas and everybody else involved in this. Tried it last night and it worked well.

Sorry if this is obvious but what is the reason for it hedging in six stages?

If the price should fall in the hedging 'period' would it continue the six stage process even if that were to cause aloss?

[lavenham]

I use it in running where the favourite (or second fav) is running badly or jockey struggling, poor jump etc. If the runner suddenly 'revives' than I close all and green up immediately to avoid/minimise a loss. Obviously you have to be watching the race on-screen and be able to read the race. Each hedge is a % age of the total stake to limit liability and the six stages are effectively a spread exit to get a good average price.
Works very well for me, anyway

[Safeway]

I use it in running where the favourite (or second fav) is running badly or jockey struggling, poor jump etc. If the runner suddenly 'revives' than I close all and green up immediately to avoid/minimise a loss. Obviously you have to be watching the race on-screen and be able to read the race. Each hedge is a % age of the total stake to limit liability and the six stages are effectively a spread exit to get a good average price.
Works very well for me, anyway

It worked well for me again yesterday - thanks for your reply.

Another quick question......was the bot designed to produce a profit of 10% of the laying stake? For example, the £10 lay stake would produce a profit of £1 or thereabouts? That seems to be how it works out!

[lavenham]

Hi,
Yes it is about 10% but can vary. Often you can just do another bet to increase returns per race. The higher the return the greater the risk of not getting matched. Easier to go for an achievable % and just use larger stakes.
Having said that, when I have time I might increase the return.

[jtrader]

I use it in running where the favourite (or second fav) is running badly or jockey struggling, poor jump etc. If the runner suddenly 'revives' than I close all and green up immediately to avoid/minimise a loss. Obviously you have to be watching the race on-screen and be able to read the race. Each hedge is a % age of the total stake to limit liability and the six stages are effectively a spread exit to get a good average price.
Works very well for me, anyway

It worked well for me again yesterday - thanks for your reply.

Another quick question......was the bot designed to produce a profit of 10% of the laying stake? For example, the £10 lay stake would produce a profit of £1 or thereabouts? That seems to be how it works out!

Look at that calculator if you wish - viewtopic.php?p=376919#p376919

I think that if you wish to hedge position at definite odds ( if you opened at given odds ) you should p/l only definite % of stake if you close it at another given odds ( in example +1 tick ,+2 ticks and etc. );

If you wish to hedge position ( that you opened at definite odds ) with another definite p/l % of stake you should close it at another odds and not only at lay odds +1 tick , lay odds +2 ticks and etc.

And that bot is not designed to achieve profit of 10% at all ,it's just based on that to hedge position ( Lay bet 1st ) after 6 closing ( Back ) bets in +1 tick , +2 ticks and etc. far from opening odds. And % profit/loss depends on opening odds







1st case - Lay stake = £ 12 ; Lay odds = 2.60 ; Liability = £ 19.20 ; hedge profit = £ 0.31 -> p/l = £ 0.31 / £ 19.20 ~ 1.6 %

2nd case - Lay stake = £ 12 ; Lay odds = 1.08; Liability = £ 0.96 ; hedge profit = £ 0.37 -> p/l = £ 0.37 / £ 0.96 ~ 38.5 %


Bigger odds - less profit on hedge ; Smaller odds - bigger profit on hedge.

[kenfrost]

Thanks for the reply Euler. Got a bit tied up yesterday hence late reply.
Still can't see what I am doing wrong. I tried changing the Hedge bets to Offset Bet with greening for each hedge and still doesn't work.
Think I might be overthinking this one, as I can't think of how to get the result I want.
Where in the servant should I be putting the greening command as you suggested?
Thanks

I've used a servant made by Dallas and just implemented rules to calculate your hedging stakes. I couldn't check if it's working,but you could do it in practice mode.


lay servant latest MOD 3 LTB.baf

Thanks for this

Just want to try and understand this.

If reading it right I can use it to place a lay bet of £10 on any horse, and the servant then places 6 back best at different ticks to produce a profit if all matched?

This can be used on pre and in running.

The 3 main risks are:

1 The lay bet doesn't get matched but the back ones do

2 The lay gets matched but the back ones don't

3 The lay gets matched but not all the back ones do.

Have I understood this correctly?

My further questions are

1 Is it possibly less risky to use pre race?

2 Have you applied it to more than one horse at the same time?

Thanks

[jtrader]

Thanks for the reply Euler. Got a bit tied up yesterday hence late reply.
Still can't see what I am doing wrong. I tried changing the Hedge bets to Offset Bet with greening for each hedge and still doesn't work.
Think I might be overthinking this one, as I can't think of how to get the result I want.
Where in the servant should I be putting the greening command as you suggested?
Thanks

I've used a servant made by Dallas and just implemented rules to calculate your hedging stakes. I couldn't check if it's working,but you could do it in practice mode.


lay servant latest MOD 3 LTB.baf

Thanks for this

Just want to try and understand this.

If reading it right I can use it to place a lay bet of £10 on any horse, and the servant then places 6 back best at different ticks to produce a profit if all matched?

This can be used on pre and in running.

The 3 main risks are:

1 The lay bet doesn't get matched but the back ones do

2 The lay gets matched but the back ones don't

3 The lay gets matched but not all the back ones do.

Have I understood this correctly?

My further questions are

1 Is it possibly less risky to use pre race?

2 Have you applied it to more than one horse at the same time?

Thanks

I could only answer on two of questions and lavenham could answer rest of them I think,cause he's person using that bot successfully.

At first of 3 main risks:

1. There's no way lay bet doesn't get matched but the back ones do,cause rules done in that way so back bets are placed if lay bet is matched.

And on 2nd further questions:

2. I think you could apply to more than one selection.

[kenfrost]

I've used a servant made by Dallas and just implemented rules to calculate your hedging stakes. I couldn't check if it's working,but you could do it in practice mode.


lay servant latest MOD 3 LTB.baf

Thanks for this

Just want to try and understand this.

If reading it right I can use it to place a lay bet of £10 on any horse, and the servant then places 6 back best at different ticks to produce a profit if all matched?

This can be used on pre and in running.

The 3 main risks are:

1 The lay bet doesn't get matched but the back ones do

2 The lay gets matched but the back ones don't

3 The lay gets matched but not all the back ones do.

Have I understood this correctly?

My further questions are

1 Is it possibly less risky to use pre race?

2 Have you applied it to more than one horse at the same time?

Thanks

I could only answer on two of questions and lavenham could answer rest of them I think,cause he's person using that bot successfully.

At first of 3 main risks:

1. There's no way lay bet doesn't get matched but the back ones do,cause rules done in that way so back bets are placed if lay bet is matched.

And on 2nd further questions:

2. I think you could apply to more than one selection.

Thanks.

Not sure about back trades only being placed when lay is matched.

I have run it in practice mode and placed the lay at below market price (ie where there is money ahead of me) and the back bets came in before my lay was matched?