What does reversing the book do ?

[midge]

I'm new to this and just learning it atm, been doing it all manual on betangel basic, now i have paid for the professional vesion and i dont understand what reversing the book does??

Also what does the 'auto stake £1 tick size mean' ?

I have presumed a tick is the next bos along? and 2 ticks would be 2 box's along ?

[convoysur]

Hi Midge
when you reverse the book ,you are asking the market to lay at the back price and visa versa .
if you set the software for a 1 pound tick and select the auto update box in the same area it will adjust the steaks to get you 1 pound per trade,,,
check out all the videos on betangel tv on you tube ,
Also be very carefull with your money untill you master the software,the market has a heart as cold as a witches tit,,,
Marc

[Alpha322]

Hi Midge
if you set the software for a 1 pound tick and select the auto update box in the same area it will adjust the steaks to get you 1 pound per trade,,,

You will only get that £1 if the horse or selection you traded wins, you have to green up.
Your biggest stake size would be £10, prices (1.01-1.99)the stakes get lower as the prices go higher
Good Luck

[Euler]

The bottom line is reversing is more profitable in the long term. If you reverse the book you stand more chance of scratching a trade for zero. If you take a price, its more likely to have a losing trade and getting out at zero is harder. Highly recommended depending on what you are trying to do.

[TheTub]

In practical terms when you select 'Force Open - Reverse' you are turning all the lay buttons into back buttons and all the back buttons into lay buttons.

This way it is easier to ask for a price on the other side of the book.

[Talkbet]

You will only get that £1 if the horse or selection you traded wins, you have to green up.
Your biggest stake size would be £10, prices (1.01-1.99)the stakes get lower as the prices go higher

Biggest stake size will be £100 surely ? £1 per tick in the 1.x bracket

[midge]

Thankyou for the advice, ive been trading with £2 stakes so not to sure what a '£1 tick size' is doing for me? as obviously i will not get £1 from £2 stakes!

So as i understand it means you are backing at a price that is available and then hopefully laying at a price that is available, so the trade should be quicker and easier?

[Alpha322]

The bottom line is reversing is more profitable in the long term. If you reverse the book you stand more chance of scratching a trade for zero. If you take a price, its more likely to have a losing trade and getting out at zero is harder. Highly recommended depending on what you are trying to do.

Totally agree, when i done this months ago i found my trading improved so did the bank

[bigslick4357]

Right understand what reverse does now, so is one click on say lay first button enough for trade if matched both sides, we dont have to do same on back button to finish trade, one is enough if i do click back button then i will have done two trades if matched,
Thank you.

[bigslick4357]

Sorry another question on reverse, if i click say lay it takes price what if it times out or cannot match on other side, have we got to keep clicking until matched or does it cancel both on its own or can we cancel the first order,, other wise chasing around after a price miss is a pain or can go bad on ya.
Thank you william