total newb to automating betting

[steevjp]

Hi, I hope someone can advise, I have downloaded betangel angel today and want to create a simple (at least i think it is simple), ive never used this or any automation before so i have absolutely no idea what to do. it is around UK horse racing in a back to lay scenario

I already have a selection of horses that I want to bet on, so i know course, horse etc. i currently do this system in some way shape and form manually but want to automate it

I back a horse for X amount at a given price
I drop a lay bet on that horse locking in a % of profit, i keep it in play
when the race starts if that bet is matched in play all is good

the one thig i cannot do without automation is add a stop loss, so this is what i want betangel to do

so scenario is in the morning i get my info and place all my back bets
I automate a percentage profit locking (say 25% for example)
i add a x number of ticks stop loss (say 5 for example)

Hopefully the bets are matched in play and if it start to go wrong i get out for a small loss

Ive tried to look for something that coveres this specific scenario but tcannot work it out. Can someone please point me to something that a person with 1 day betangel exerpience can understand, that allow me to set up that scenario in an automated way so i can just set and forget

thanks in advance

Steve

[Dallas]

So it sounds like you just need an automation file to monitor markets and trigger when a certain profit or loss is reached?

If that's correct this post should help, in addition to detailed instructions there is also a link to a ready-made file you can download that would just need you to set the amounts the rule is to trigger to
viewtopic.php?t=11488

[steevjp]

Hi Dallas, I think that sounds pretty much like it, thanks for the link, ill take a read now

Edit read that and I think i get the gist, I am away for work tonight but when home tomorrow ill give it a go. I think i read somewhere that you can practice in betangel without riskign actual money, is that the case?

[Dallas]

Hi Dallas, I think that sounds pretty much like it, thanks for the link, ill take a read now

Edit read that and I think i get the gist, I am away for work tonight but when home tomorrow ill give it a go. I think i read somewhere that you can practice in betangel without riskign actual money, is that the case?

Yes, on the blue login window you have the option of choosing live or practice mode (shown below)

drex_practice_mode_custom.png

[xtrader16]

When you place a stop loss of 5 ticks it might get hit due to the volatility of the market once it goes in running but you will learn this once you understand the markets a bit more with experience. I wouldn't recommend taking your trades in running at all to be honest. You can easily lose your entire liability if the bet doesn't match.

[steevjp]

Thanks Xtrader, currently what i am doing is getting my selection daily and doing the back bets, and lay bets (locking in 20% profit) before I go to work, the system i am using is actually not doing too badly (only doing £1 bets to test) but I'll admit i only have 90 races of data. getting a pretty good success rate, but if i can just lesson the loses in terms of amount lost then i think itll work, but yeah without seeing how the odds fluctuate in play it may be something i am scratching my head over

I am looking at the automated bit mainly for the stop loss, I think that number will require some tinkering. The software seems amazingly complexand intimidating to me at the moment, I hopefully can learn the basics on the trial period and if so i can then commit to a month or two initially.

[jamesedwards]

Thanks Xtrader, currently what i am doing is getting my selection daily and doing the back bets, and lay bets (locking in 20% profit) before I go to work, the system i am using is actually not doing too badly (only doing £1 bets to test) but I'll admit i only have 90 races of data. getting a pretty good success rate, but if i can just lesson the loses in terms of amount lost then i think itll work, but yeah without seeing how the odds fluctuate in play it may be something i am scratching my head over

I am looking at the automated bit mainly for the stop loss, I think that number will require some tinkering. The software seems amazingly complexand intimidating to me at the moment, I hopefully can learn the basics on the trial period and if so i can then commit to a month or two initially.

Unless you have a specific reason to believe that your exit trade is positive expected value then you would be better off just staking 20% up front and letting it ride.