Confused when laying the field

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Keith UK
Posts: 10
Joined: Thu Sep 15, 2011 12:23 pm

Hi all

Please can somebody tell me what I I am doing wrong when laying the field as an automated rule?

I have been testing out this tried and tested strategyin practice mode and today I started to go for it in the live mode
but I have found that it is not going into profit.

Okay my settings are:
General Tab
Rule Type: Lay All Selections
Rules Trigger Times: relative in time play
Allow Rule to Trigger Up to: 299
wait: 1 second before reaming

Parameters
place at: fixed price
odds: 2.1
steak: by liability, £5

conditions
the market is in a in play
number of selections condition: greater than 6

okay so that's my current settings for my automation. I have been testing it in practice mode for several days but until today I haven't used it in live mode. So haven't seen it react in bet fair. I can't understand why when I get two or more bets matched it way it is not going into profit from. From the profit and loss column: it says I should be in profit but when it comes down to it I am not.

The only thing I can think of is, should I be placing a back bet once the lay bet has been matched?

Many thanks

Keith
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Euler
Posts: 26487
Joined: Wed Nov 10, 2010 1:39 pm

Laying two runners at 2.10 will guarentee a loss. You need to lay two below two to ensure a profit. Three below, three etc. You also only want to lay once.
Keith UK
Posts: 10
Joined: Thu Sep 15, 2011 12:23 pm

So onceI Change the odds to Something below 2 then I should make aProfit with2 Matched bets?
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Euler
Posts: 26487
Joined: Wed Nov 10, 2010 1:39 pm

If laying, yes.
Keith UK
Posts: 10
Joined: Thu Sep 15, 2011 12:23 pm

thanks
Keith UK
Posts: 10
Joined: Thu Sep 15, 2011 12:23 pm

hi all

Okay so I've now got the laying the field part down but I want to start adding extra rules or parts to this technique.

I am laying at 1.8 but I want to cut my losses at 1.1 and I want to get out at 3 If the horse starts to drift to make extra profit.

I am trying this using the stop loss and offset option today but don't know if this is the correct way to do it.

If you are laying a horse and it doesn't win what should I be looking at returning if I don't put an opposite back bet in to close out the trade? If I added in a rule where I closed out the trade would I be getting more profit if the horse drifted out? Please can anyone tell me which column I should be looking at to see how much profit I should be getting? I don't know if I should be looking at the P&L or the trade profit columns in the one click screen.

Thanks
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