Liquidity Available when Automating Bets

[Simoba]

Hi Guys,

Question please. How can I use my football automation to match bets if there is not enough liquidity when my bet is placed 5 minutes before KO please ? For example, on the attached, there was only £102 available on lay the draw at 3.35, whereas my bet was £200 lay. Is it possible to set the automation so it would take the £102 at 3.35 and the balance of £98 at the next best price ie 3.40 ? I cannot have partially matched bets and obviously ideally would want it all placed at 3.35, however in some of the weaker leagues, this £200 amount may not always be available at best price 5 mins pre KO, in which case, I would like the balance matched at the next best lay price. Thank you ever so much for any kind assistance or suiggestions that would help.

[jamesedwards]

Hi Guys,

Question please. How can I use my football automation to match bets if there is not enough liquidity when my bet is placed 5 minutes before KO please ? For example, on the attached, there was only £102 available on lay the draw at 3.35, whereas my bet was £200 lay. Is it possible to set the automation so it would take the £102 at 3.35 and the balance of £98 at the next best price ie 3.40 ? I cannot have partially matched bets and obviously ideally would want it all placed at 3.35, however in some of the weaker leagues, this £200 amount may not always be available at best price 5 mins pre KO, in which case, I would like the balance matched at the next best lay price. Thank you ever so much for any kind assistance or suiggestions that would help.

To ensure your entire stake is matched then place your back bet at 1.01 and it will hoover up the best prices available up to the value of your stake. Obviously you may be giving away value here especially in illiquid matches.

[Simoba]

Thanks, so if a lay bet ( I only do lay bets), I have to set it at 1000 ? How does that work in practice ?! Thanks. Is there no other way to do this ?

[jamesedwards]

Thanks, so if a lay bet ( I only do lay bets), I have to set it at 1000 ? How does that work in practice ?! Thanks. Is there no other way to do this ?

This is the easiest way to ensure you are fully matched. You might want to set a limit on your price just in case, eg perhaps place your stake at 1.1 if backing or 10.0 if laying, just to avoid matching at any extreme prices and to limit potential pressure on your available balance. If you try to lay £10 @ 1000 then you need £10k available balance to place the bet.

[Simoba]

Thanks, so if a lay bet ( I only do lay bets), I have to set it at 1000 ? How does that work in practice ?! Thanks. Is there no other way to do this ?

This is the easiest way to ensure you are fully matched. You might want to set a limit on your price just in case, eg perhaps place your stake at 1.1 if backing or 10.0 if laying, just to avoid matching at any extreme prices and to limit potential pressure on your available balance. If you try to lay £10 @ 1000 then you need £10k available balance to place the bet.

Thanks James, but not sure how this works, as my lay bets are only placed if the price is between 3.0 and 6.0 as per the conditions in the automation rules. The rule triggers once in the general tab.

[jamesedwards]

Thanks, so if a lay bet ( I only do lay bets), I have to set it at 1000 ? How does that work in practice ?! Thanks. Is there no other way to do this ?

This is the easiest way to ensure you are fully matched. You might want to set a limit on your price just in case, eg perhaps place your stake at 1.1 if backing or 10.0 if laying, just to avoid matching at any extreme prices and to limit potential pressure on your available balance. If you try to lay £10 @ 1000 then you need £10k available balance to place the bet.

Thanks James, but not sure how this works, as my lay bets are only placed if the price is between 3.0 and 6.0 as per the conditions in the automation rules. The rule triggers once in the general tab.

In parameters tab set it to place the bet at 2.0. This way it will apply your stake at the best available odds all the way down to 2.0 so you should always get fully matched.

[Simoba]

This is the easiest way to ensure you are fully matched. You might want to set a limit on your price just in case, eg perhaps place your stake at 1.1 if backing or 10.0 if laying, just to avoid matching at any extreme prices and to limit potential pressure on your available balance. If you try to lay £10 @ 1000 then you need £10k available balance to place the bet.

Thanks James, but not sure how this works, as my lay bets are only placed if the price is between 3.0 and 6.0 as per the conditions in the automation rules. The rule triggers once in the general tab.

In parameters tab set it to place the bet at 2.0. This way it will apply your stake at the best available odds all the way down to 2.0 so you should always get fully matched.

James, in the Parameters tab, I just noticed in the dropdown box there is a "second best market price option". If I set it to that, am I right in assuming it would sweep up the £102 at best market lay price of 3.35 in the original attachment above and the £98 lay bet balancve would then be placed at 2nd best market price of 3.40 at the same time ??? This would be ideal if that is the case, so hopefully you may know the answer. I obviously do not want £200 fully matched at 3.40 if £102 is available at 3.35. Thank you

[jamesedwards]

I obviously do not want £200 fully matched at 3.40 if £102 is available at 3.35. Thank you

That's not how betfair works. You could lay your full stake at 1000.0 (available balance permitting) and Betfair will match you at the best available prices.

If you select '2nd best market price" then it will fill your stake first with the volume available at the best price, followed by the volume available at the 2nd best price, with any residual stake remaining left up unmatched at the 2nd best price.

[Simoba]

I obviously do not want £200 fully matched at 3.40 if £102 is available at 3.35. Thank you

That's not how betfair works. You could lay your full stake at 1000.0 (available balance permitting) and Betfair will match you at the best available prices.

If you select '2nd best market price" then it will fill your stake first with the volume available at the best price, followed by the volume available at the 2nd best price, with any residual stake remaining left up unmatched at the 2nd best price.

Lovely, that is just what I needed to know James. Thank you confirming. I was pretty sure that it would match at best possible price, so I shall set the automation files to 2nd or 3rd best market price to ensure that I get fully matched. I only bet in match odds markets, so most leagues are ok, just sometimes Portugal and occasionally Turkey doesn't have the full £200 available to lay at best price when my bets go in 5 mins pre KO. I appreciate you taking the trouble to assist me with his today. Many thanks

[jamesedwards]