Hello
I am fairly new to bet angel and mainly use it for horse racing. I am looking for some guidance as to whether this is possible, if I back a horse pre -off and then during running it drifts, is there a way I can get bet angel to place a lay bet automatically if say the back odds have drifted by 50 ticks?
Many Thanks
Lay in running
In the above senario at 50ticks you would lose quite a bit, what you mean is if the horse ran up to contention the price would reduce for you to lay giving you a free bet, for you to get that money the horse would have to win the race unless you divide the profit across the field (green up) mind you imho in play trading is to to risky for me i would strongley advice you to learn pre race trading its safer very profitable over the long term and more controlable especially when you develop an edgedmbusa wrote:Hello
I am fairly new to bet angel and mainly use it for horse racing. I am looking for some guidance as to whether this is possible, if I back a horse pre -off and then during running it drifts, is there a way I can get bet angel to place a lay bet automatically if say the back odds have drifted by 50 ticks?
Many Thanks
Good luck
Hello Alph322 thank you for your reply and suggestion.In the case i was talking about I am not actually using i to trade in the normal sense, I am using it to reduce my losses on conventional bets. i.e. I have selected a horse and backed it to win, but during the race it becomes obvious that it will not win so I would then lay it for the same stake.
dmbusa> agree with alpha, I wouldn't pursue this if I were you.
You can't be confident when a horse has lost contention. I think you intend to back at, say, 4.0 but lay at 8.0 or 12.0 or 20.0 or wherever. I guarantee you this. For every one of those lay positions there is a horse which will come back to win. Then, your "defensive" lay has locked in a whacking loss.
If you're back is looking dodgy before the off, red up and move on to the next trade. Painful - but way less painful than losing a ton of pips
You can't be confident when a horse has lost contention. I think you intend to back at, say, 4.0 but lay at 8.0 or 12.0 or 20.0 or wherever. I guarantee you this. For every one of those lay positions there is a horse which will come back to win. Then, your "defensive" lay has locked in a whacking loss.
If you're back is looking dodgy before the off, red up and move on to the next trade. Painful - but way less painful than losing a ton of pips
I understand what you want to do, but have a slightly different suggestion.dmbusa wrote:Hello
I am fairly new to bet angel and mainly use it for horse racing. I am looking for some guidance as to whether this is possible, if I back a horse pre -off and then during running it drifts, is there a way I can get bet angel to place a lay bet automatically if say the back odds have drifted by 50 ticks?
Many Thanks
If you have selected the horse to win, even if it does not actually win, you would hope it at least had a chance of winning or looked like it may win at some point in the race. have you considered backing the horse with a slightly bigger stake than usual, then trading out your liability at a lower price in play. If you keep records of you backs it is easy enough to see at what price your selections have reached in play. This may be more profitable than the other way you suggest. The problem with a 50 tick drift, is once people believe the horses chance has gone. It will very quickly go past your stop loss. I don't know your price range, but I don't know many who back horses (take your lay bet) unless the prices are fantastical, as the risk is too great an the strike rate poor.
i.e If you're trying to lay at 10's, you're perspective takers are more like to want 50's. The bet will go unmatched. The other end of the market is far more stable and attractive.
EXAMPLE 3.40 bangor , mohi rahrere , it became obvious at half way it had no chance , hence a £120ish was traded at 1000/1 , guess what it got a second wind and romped home . if you lay at 50 ticks in play youre a braver man than i am. imho you will lose more than what you recover from your losing stake.
Hi Guys
Thank you for your constructive comments, about the dangers of doing this, maybe I didn't make it clear in my original post, I am new to bet angel software but have been using this particular system very profitably for the last 5 years. I have moved to bet angel as my previous software is no longer supported.
Yes there are days when it does badly, but what sysem doesn't have those?
Thank you for your constructive comments, about the dangers of doing this, maybe I didn't make it clear in my original post, I am new to bet angel software but have been using this particular system very profitably for the last 5 years. I have moved to bet angel as my previous software is no longer supported.
Yes there are days when it does badly, but what sysem doesn't have those?
dmbusa> okay, if you have a profitable way to make this lay +50 ticks work then (a) wow! I'm impressed (b) certainly BA can automate it for you.
Go to Guardian and "Create a new rules file". If you are only backing 1 selection per race just use Place Lay Bet + "Green Up" as a condition only as a red up, as it were. ie, set it at -£xx (minus sign).
If you are making multiple backs-to-lay per race then tee things up by betfair order - ie, you'll need 12 or 15 or 24 or whatever place lay bets, acccording to how many horses in your races. This time in the condition use "Close Trade on Selection" - again with the minus sign.
Should be fairly intuitive once you dabble in Guardian.
Good luck!
Go to Guardian and "Create a new rules file". If you are only backing 1 selection per race just use Place Lay Bet + "Green Up" as a condition only as a red up, as it were. ie, set it at -£xx (minus sign).
If you are making multiple backs-to-lay per race then tee things up by betfair order - ie, you'll need 12 or 15 or 24 or whatever place lay bets, acccording to how many horses in your races. This time in the condition use "Close Trade on Selection" - again with the minus sign.
Should be fairly intuitive once you dabble in Guardian.
Good luck!
Hi Guys like I said I am new to bet angel and had got the refresh settings wrong which meant that the prices I was seeing were not right hence I was getting my timing wrong and thought it was my reactions slowing down hence the request for help with automation. Now I have the refresh setting right it is all back to normal, just goes to show we need to double check we have everything set up correctly in the first place 