Lay at SP for a fixed stake not a liability

[Shamrocker]

Hi all,
I want to automate a lay bet at SP for a fixed stake. So I am happy to take a bet of $100 on a selected horse if the odds are under $20.
So in general on the rule type I select Place Lay SP Bet.
In Parameters I select Entered maximum price limit and then under liability I am selecting Net Stake (which I think is correct) but there is no where to enter the stake I want to take.
Is it possible to lay a horse for a fixed stake or must it be by liability?

Cheers

[Anbell]

Hi all,
I want to automate a lay bet at SP for a fixed stake. So I am happy to take a bet of $100 on a selected horse if the odds are under $20.
So in general on the rule type I select Place Lay SP Bet.
In Parameters I select Entered maximum price limit and then under liability I am selecting Net Stake (which I think is correct) but there is no where to enter the stake I want to take.
Is it possible to lay a horse for a fixed stake or must it be by liability?

Cheers

No. You can't lay a horse for a fixed stake because when you place the bet, betfair doesnt know the BSP and therefore doesnt know if you have the funds in your account to pay out. (i.e. if the bsp is 1000,, can you cover the fixed stake?)

[Shamrocker]

Hi Anbell,
I can go into Betfair and select a horse at a price (say $5.80) and select if not matched take Betfair SP, but i cannot put in a maximum price.
If I select a SP lay bet I can set a maximum price but a it still sets it by liability.
Surly I should be able to say, I want to lay these 5 horses for a stake of $100 each but don't take the bet if it is greater than $20 ($2000 liability)

What do you think?
Cheers

[tc2580]

Hi Anbell,
I can go into Betfair and select a horse at a price (say $5.80) and select if not matched take Betfair SP, but i cannot put in a maximum price.
If I select a SP lay bet I can set a maximum price but a it still sets it by liability.
Surly I should be able to say, I want to lay these 5 horses for a stake of $100 each but don't take the bet if it is greater than $20 ($2000 liability)

What do you think?
Cheers

You can actually do exactly that — you just set an SP lay with a max odds limit and a liability cap that matches your stake.

So for a $100 stake with a max BSP of 20, you just set the max liability to $1,900.
Betfair will still only use $100 stake unless the BSP hits your limit.

So yep — you can lay 5 horses for $100 each and block anything over 20.0 BSP.