Hello,
I saw a strategy in a BetAngel.tv video called "Win Whatever the Result". I need help with this offsetting strategy in terms of all the settings I need to set. I don't seem to have it quite right. The stakes don't seem to be right, I'm not sure of how that Auto Staking area works but it seems to produce unexpected stakes by default.
To put it another way, I can set the drop-down box to Offset Bet. I set force open to Reverse so that when I click to place the lay bet it is at backing prices and vice versa. I set the fill or kill setting to 10 so that the lay aborts if it is not filled within 10 secs. If the lay is filled then BetAngel immediately places the offsetting back bet at lay prices. This creates a spread (governed by no. of ticks) and if it is filled, it creates a profit. These are the parts I know (I think), if you could help with filling in the missing parts or could explain how the staking works with this I would be greatly appreciative.
Thanks
dave
Using Offset bets to advantage
Hi,
The user guide explains this quite well.
See here - http://tinyurl.com/au7dvgx
Basically, it tells Bet Angel to automatically calculate the stake required to realise your desired profit based upon the tick size spread of the current back and lay prices. The tick gap on Betfair increases as you go up on price.
Using liability auto staking will tell Bet Angel to calculate the stake required to risk your desired amount at the current prices.
The user guide explains this quite well.
See here - http://tinyurl.com/au7dvgx
Basically, it tells Bet Angel to automatically calculate the stake required to realise your desired profit based upon the tick size spread of the current back and lay prices. The tick gap on Betfair increases as you go up on price.
Using liability auto staking will tell Bet Angel to calculate the stake required to risk your desired amount at the current prices.
Thanks for the reply.
The main objective of my original post was to ask someone to show me the settings for undertaking the Offset betting demonstrated in the "Win Whatever the Result" video on BetAngel.tv.
The presenter of the video seems to gloss over the settings for this strategy. I'm hoping that someone experienced with this could spell out what all the right settings for this strategy would be.
Thanks
The main objective of my original post was to ask someone to show me the settings for undertaking the Offset betting demonstrated in the "Win Whatever the Result" video on BetAngel.tv.
The presenter of the video seems to gloss over the settings for this strategy. I'm hoping that someone experienced with this could spell out what all the right settings for this strategy would be.
Thanks