When using the above it works fine for Back bets but there are no Conditions for a lay bet
example
Place a liability bet of £200-00 which has been triggered at a Price 2.00 but nothing matched and it drifts to 10,00 then when Take SP Unmatched Bets fires it places a £200-00 stake on the selection instead of a £200-00 Liability resulting in a liability of 9 times greater than required.
If a condition option could be raised to deduct matched liability (In this case nothing)from original liability then place result (£200-00 Liability)at SP.
Many thanks
Steve.
Take SP All Unmatched Bets (sorted see post Mar 27, 2014 )
Subject: TAKE SP UNMATCHED BETS
Could you adjust the TAKE ALL SP UNMATCHED BETS and place it in the conditions list.
The above GENERAL rule works ok with BACK bets but not with a LIABILITY bet.
when placing a LIABILITY bet say £100 @2.00 then a bet is placed for £100
but if you select TAKE ALL SP UNMATCHED BETS and the price drifts to 6.00
your liability is now £500 instead of £100
wouldn't it be better to put the TAKE SP ALL UNMATCHED BETS into criteria so it could apply to AN INDIVIDUAL general rule with
an option of stake/liability
with the above example if say £20 was matched at 2.00 then (£80/5) £16 would be placed at 6.00 keeping your liability to £100
I would like too know if this could be considered for an upgrade.
Many thanks
Steve
On the Betfair site you can place a liability bet for a set ammount and whatever the BF SP is your liability remains the same only your stake is altered automatically by the exchange this is what I wish BetAngel could offer their custumers.
Could you adjust the TAKE ALL SP UNMATCHED BETS and place it in the conditions list.
The above GENERAL rule works ok with BACK bets but not with a LIABILITY bet.
when placing a LIABILITY bet say £100 @2.00 then a bet is placed for £100
but if you select TAKE ALL SP UNMATCHED BETS and the price drifts to 6.00
your liability is now £500 instead of £100
wouldn't it be better to put the TAKE SP ALL UNMATCHED BETS into criteria so it could apply to AN INDIVIDUAL general rule with
an option of stake/liability
with the above example if say £20 was matched at 2.00 then (£80/5) £16 would be placed at 6.00 keeping your liability to £100
I would like too know if this could be considered for an upgrade.
Many thanks
Steve
On the Betfair site you can place a liability bet for a set ammount and whatever the BF SP is your liability remains the same only your stake is altered automatically by the exchange this is what I wish BetAngel could offer their custumers.
Last edited by Kimmy on Fri Mar 21, 2014 11:10 pm, edited 1 time in total.
One problem would be the SP is undetermined until the event is under way. And I'm fairly sure there is not a process where the exchange says 'The SP is X, would you like to accept it?' and then allow you time to recalculate a stake amount. This would mean cancelling a bet adjusting the stake amount and resubmitting it.
The idea behind 'Take SP' is that you don't have to resubmit the bet and in return the exchange guarantees to match it most of the time.
The idea behind 'Take SP' is that you don't have to resubmit the bet and in return the exchange guarantees to match it most of the time.
Correct. I use sp a lot.LinusP wrote:So what actually happens when you click 'Take SP on all Unmatched Bets" in BA?
Lets say you put £20 lay at 1.01 and click the take sp button, if the SP is 5 what happens? I thought it was based on your liability for a lay bet?
If you lay $3000 at 1.01 and take sp, you will be matched for a liability of $30 at the sp odds.
Your liability does not change, the variables are the stakes and the odds.
Correct. I use sp a lot.
If you lay $3000 at 1.01 and take sp, you will be matched for a liability of $30 at the sp odds.
Your liability does not change, the variables are the stakes and the odds.
If you lay $3000 @ 1.01 and TAKE SP ALL UNMATCHED BETS
you won't have a liability of $30 you WILL have a stake on the allotted horse of $3000 and if the sp return odds are 6.00 you stand too loose $15,000
Try it in PRACTISE MODE.
If you lay $3000 at 1.01 and take sp, you will be matched for a liability of $30 at the sp odds.
Your liability does not change, the variables are the stakes and the odds.
If you lay $3000 @ 1.01 and TAKE SP ALL UNMATCHED BETS
you won't have a liability of $30 you WILL have a stake on the allotted horse of $3000 and if the sp return odds are 6.00 you stand too loose $15,000
Try it in PRACTISE MODE.
Sorry Kimmy but that is incorrect I just did this and it did what I and Gazuty said would happen. I can only assume it is the practise mode which is incorrect.Kimmy wrote: If you lay $3000 @ 1.01 and TAKE SP ALL UNMATCHED BETS
you won't have a liability of $30 you WILL have a stake on the allotted horse of $3000 and if the sp return odds are 6.00 you stand too loose $15,000
Try it in PRACTISE MODE.
Just placed a PRACTISE bet on 16.50
Automation rules
General Rule
Rule Type : Place a Lay Bet
Parameters : Place a Fixed Price 1.01
Stake by Liability £30
other rule TAKE SP
showed up as £3000 @1.01 Unmatched then changed to Take SP instead of cancel,
When race went in-play showed a loss of £3000 if horse won am I doing something wrong
Thanks
Automation rules
General Rule
Rule Type : Place a Lay Bet
Parameters : Place a Fixed Price 1.01
Stake by Liability £30
other rule TAKE SP
showed up as £3000 @1.01 Unmatched then changed to Take SP instead of cancel,
When race went in-play showed a loss of £3000 if horse won am I doing something wrong
Thanks
THIS WAS PARAMETER SETTINGS
FIXED PRICE 1.01
FIXED AMOUNT £30.00
26/03/2014 17:19:49: £ 30 Lay bet placed on Opus at 1.01. Entirely unmatched when it initially reached the market. Ref: 10014
26/03/2014 17:19:59: Modify bet persistence 10014 from 'Cancel' to 'Take SP'
26/03/2014 17:20:20: Guardian has detected that the market is suspended
26/03/2014 17:20:21: Guardian has detected that the market is in-play
26/03/2014 17:20:22: Guardian has detected that the market is now unsuspended
26/03/2014 17:23:31: Guardian has detected that the market is suspended
RESULT
Matched Bets
Opus 2.74 30.00 stake.
MAKING A LIABILITY OF £52.20
THIS WAS PARAMETER SETTINGS
FIXED PRICE @1.01
STAKE BY LIABILITY £30
26/03/2014 17:29:49: £ 3000 Lay bet placed on Bennelong at 1.01. Entirely unmatched when it initially reached the market. Ref: 10015
26/03/2014 17:29:59: Modify bet persistence 10015 from 'Cancel' to 'Take SP'
26/03/2014 17:30:11: Guardian has detected that the market is suspended
26/03/2014 17:30:12: Guardian has detected that the market is in-play
26/03/2014 17:30:13: Guardian has detected that the market is now unsuspended
RESULT
Matched
Bennelong 2.6 £3000.00 stake
MAKING A LIABILITY OF £4800.20
Some people are saying a liability bet remains the same liability if you have chosen to TAKE SP ALL unmatched bets but the above is showing different.
Could anybody PLEASE advise,
FIXED PRICE 1.01
FIXED AMOUNT £30.00
26/03/2014 17:19:49: £ 30 Lay bet placed on Opus at 1.01. Entirely unmatched when it initially reached the market. Ref: 10014
26/03/2014 17:19:59: Modify bet persistence 10014 from 'Cancel' to 'Take SP'
26/03/2014 17:20:20: Guardian has detected that the market is suspended
26/03/2014 17:20:21: Guardian has detected that the market is in-play
26/03/2014 17:20:22: Guardian has detected that the market is now unsuspended
26/03/2014 17:23:31: Guardian has detected that the market is suspended
RESULT
Matched Bets
Opus 2.74 30.00 stake.
MAKING A LIABILITY OF £52.20
THIS WAS PARAMETER SETTINGS
FIXED PRICE @1.01
STAKE BY LIABILITY £30
26/03/2014 17:29:49: £ 3000 Lay bet placed on Bennelong at 1.01. Entirely unmatched when it initially reached the market. Ref: 10015
26/03/2014 17:29:59: Modify bet persistence 10015 from 'Cancel' to 'Take SP'
26/03/2014 17:30:11: Guardian has detected that the market is suspended
26/03/2014 17:30:12: Guardian has detected that the market is in-play
26/03/2014 17:30:13: Guardian has detected that the market is now unsuspended
RESULT
Matched
Bennelong 2.6 £3000.00 stake
MAKING A LIABILITY OF £4800.20
Some people are saying a liability bet remains the same liability if you have chosen to TAKE SP ALL unmatched bets but the above is showing different.
Could anybody PLEASE advise,
-
Groovyelms
- Posts: 277
- Joined: Fri May 20, 2011 7:42 am
Suggest going live with small stakes and see what happens. Taking SP is a very usefull feature to controlling a liability real time......Kimmy wrote:Just placed a PRACTISE bet on 16.50
Automation rules
General Rule
Rule Type : Place a Lay Bet
Parameters : Place a Fixed Price 1.01
Stake by Liability £30
other rule TAKE SP
showed up as £3000 @1.01 Unmatched then changed to Take SP instead of cancel,
When race went in-play showed a loss of £3000 if horse won am I doing something wrong
Thanks
Not sure what you are doing. I have made many thousands of sp bets of $3000 @ 1.01. Always end up with a $30 liability.Kimmy wrote:Just placed a PRACTISE bet on 16.50
Automation rules
General Rule
Rule Type : Place a Lay Bet
Parameters : Place a Fixed Price 1.01
Stake by Liability £30
other rule TAKE SP
showed up as £3000 @1.01 Unmatched then changed to Take SP instead of cancel,
When race went in-play showed a loss of £3000 if horse won am I doing something wrong
Thanks
Sent e-mail to custumer support
Hi,
It appears the TAKE SP routine in practice mode is not adjusting the stake to match liability.
This will be fixed in a future release.
Kind Regards
Tony
Bet Angel Limited
So thats the answer to my problem
Thanks All for repling
Steve
Hi,
It appears the TAKE SP routine in practice mode is not adjusting the stake to match liability.
This will be fixed in a future release.
Kind Regards
Tony
Bet Angel Limited
So thats the answer to my problem
Thanks All for repling
Steve