Hi
I would like some help setting up an automated rule, im not sure it can be done but would appreciate some help from an experienced person if anybody could help id be delighted.
Thanks
Richard
Help Needed
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ricdav2308
- Posts: 5
- Joined: Fri Sep 04, 2015 11:42 am
Hi, thanks for your quick reply
Can this be done:
Place a lay bet for the draw that greens up if goal scored
Place a back bet for the draw with the stake of the lay bet liability and for it to run until end of the match
That way:
if it stays 0-0 then the back bet would win and mean no loss.
If the lay bet wins it'll green up to a desired profit amount
Is that at all possible or would it not work?!
Any help is greatly appreciated!!
Can this be done:
Place a lay bet for the draw that greens up if goal scored
Place a back bet for the draw with the stake of the lay bet liability and for it to run until end of the match
That way:
if it stays 0-0 then the back bet would win and mean no loss.
If the lay bet wins it'll green up to a desired profit amount
Is that at all possible or would it not work?!
Any help is greatly appreciated!!
Its not the rule but the principal of what you want to do that is not possible
If you lay then back at the same price your just cancelling out your own trade (Known as scratching) for zero profit or loss
If not the draw price will start decreasing from moment the game kicks off and continue to do so till a goal is scored.
If you layed at 3.0 for £10 (so a £20 Liability) 5 mins into the game draw odds would be around 2.90 back then for £10 most you will win is £19 which now does nt cover your lay liability and every minute thst goes by the odds drop further and the difference between your liabilty and amount you can win also increases.
If you lay then back at the same price your just cancelling out your own trade (Known as scratching) for zero profit or loss
If not the draw price will start decreasing from moment the game kicks off and continue to do so till a goal is scored.
If you layed at 3.0 for £10 (so a £20 Liability) 5 mins into the game draw odds would be around 2.90 back then for £10 most you will win is £19 which now does nt cover your lay liability and every minute thst goes by the odds drop further and the difference between your liabilty and amount you can win also increases.
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ricdav2308
- Posts: 5
- Joined: Fri Sep 04, 2015 11:42 am
Thanks Dallas
I thought with placing a lay bet before kick off, and also a back back yes they equal themselves but to be able to green up from the lay bet for a small profit if a goal is scored.
Do you have any strategies you'd like to share that are similar to this? I am new as you can tell!!
I thought with placing a lay bet before kick off, and also a back back yes they equal themselves but to be able to green up from the lay bet for a small profit if a goal is scored.
Do you have any strategies you'd like to share that are similar to this? I am new as you can tell!!
I did in part misunderstand your first post, you are right if Pre kick off you place a lay bet same example £10 @ 3.0 (£20 Liability) then the odds rose to 3.10 you could then back for £10 also this would give you £21 profit.
So if the game then remains 0-0 you win and lose nothing, if one teams wins you will profit by £1
When i read your first post
"Place a lay bet for the draw that greens up if goal scored
Place a back bet for the draw with the stake of the lay bet liability and for it to run until end of the match"
(Green up if goal is scored) this is effectivly placing a back bet
(Place a back bet for the draw) i thought you ment same time as you layed place a back bet incase of no goal
With any trading as long as you back at a higher price than you lay then you will always profit in some way.
Back at a lower price than you lay you will always be in a losing position of some sort.
You could lay pre kick off then wait for a goal and back at much higher odds for a greater profit but if a goal does not come every minute that goes by the odds drop and your net negative figure grows and in a match with a strong fav even if the dog scores the draw odds still wont go up for some time in order for a back bet to be placed .
So Pre match prices in football markets can move up or down as with any other market, after kick off they all become whats known as "Time Decay" markets where by prices in any of the markets will only move one way unless a goal is scored.
So in the case of Draw odds they will decrease miunte by minute
In the Over /Under 2.5 market the Overs odds will increase mimute by minute
Correct score 0-0 decreses minute by minute
and so on
There are quiet litterally dozens of footbal strateries very easy to find via google, the most well known is LTD (lay the draw) just google that and just football stratergies there are many write ups on them including which games to apply them to and in what situations.
Once you know what stratergy you want to deploy its fairly straight forward to automate it through guardian which i can help you with if you get stuck.
To do it as in your original post the rule could be set to lay x mins before K.O (or when ever you wanted) and set ot trade out at a pre defined profit amount or odds (which would require a goal to be scored) otherwise unless you want to lose the full liability of your lay bet you would need to decide on when to apply a exit stratergy to cut your losses
So if the game then remains 0-0 you win and lose nothing, if one teams wins you will profit by £1
When i read your first post
"Place a lay bet for the draw that greens up if goal scored
Place a back bet for the draw with the stake of the lay bet liability and for it to run until end of the match"
(Green up if goal is scored) this is effectivly placing a back bet
(Place a back bet for the draw) i thought you ment same time as you layed place a back bet incase of no goal
With any trading as long as you back at a higher price than you lay then you will always profit in some way.
Back at a lower price than you lay you will always be in a losing position of some sort.
You could lay pre kick off then wait for a goal and back at much higher odds for a greater profit but if a goal does not come every minute that goes by the odds drop and your net negative figure grows and in a match with a strong fav even if the dog scores the draw odds still wont go up for some time in order for a back bet to be placed .
So Pre match prices in football markets can move up or down as with any other market, after kick off they all become whats known as "Time Decay" markets where by prices in any of the markets will only move one way unless a goal is scored.
So in the case of Draw odds they will decrease miunte by minute
In the Over /Under 2.5 market the Overs odds will increase mimute by minute
Correct score 0-0 decreses minute by minute
and so on
There are quiet litterally dozens of footbal strateries very easy to find via google, the most well known is LTD (lay the draw) just google that and just football stratergies there are many write ups on them including which games to apply them to and in what situations.
Once you know what stratergy you want to deploy its fairly straight forward to automate it through guardian which i can help you with if you get stuck.
To do it as in your original post the rule could be set to lay x mins before K.O (or when ever you wanted) and set ot trade out at a pre defined profit amount or odds (which would require a goal to be scored) otherwise unless you want to lose the full liability of your lay bet you would need to decide on when to apply a exit stratergy to cut your losses
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ricdav2308
- Posts: 5
- Joined: Fri Sep 04, 2015 11:42 am
Hi Dallas,
I have a question......
I did the classic lay the draw today with £10 stake in the lay. And when it greened up it backed a certain amount then did another lay bet?!?!
Is that because greening can't be higher than initial stake and it brought it back in line for profit of £9.73
Hope u can help me understand or get around this!!
Richard
I have a question......
I did the classic lay the draw today with £10 stake in the lay. And when it greened up it backed a certain amount then did another lay bet?!?!
Is that because greening can't be higher than initial stake and it brought it back in line for profit of £9.73
Hope u can help me understand or get around this!!
Richard
Not 100% sure exactly what you mean happened, if you can post a copy of the log so i can see what odds you where matched for how much and at what times, if you dont have a saved log if you can type the odds, stakes and approx times out i will be able to give you a concrete answer, also did you do this manually or set up a automation rule?.
Broadly speaking though you can green out in 2 ways
1st - Back and lay or lay then back as you will of done in LTD by using the exact same stake will give you all your profits on just that one selection (or loss if price moves against you) and zero on the other selections this is know as a "Free Bet"
2nd - Instead of having all your profits (or loss) on one selection your can spread this out at a reduced amount across all selection known as "Hedging" which is what traders will do in 95% of the situations so they make smaller but constant profits
If you do option 2 from above and back first your lay bet will be more than your original stake to create a equal profit hedge, if you lay first your back bet will be lower than your original stake to create a equal profit hedge.
Broadly speaking though you can green out in 2 ways
1st - Back and lay or lay then back as you will of done in LTD by using the exact same stake will give you all your profits on just that one selection (or loss if price moves against you) and zero on the other selections this is know as a "Free Bet"
2nd - Instead of having all your profits (or loss) on one selection your can spread this out at a reduced amount across all selection known as "Hedging" which is what traders will do in 95% of the situations so they make smaller but constant profits
If you do option 2 from above and back first your lay bet will be more than your original stake to create a equal profit hedge, if you lay first your back bet will be lower than your original stake to create a equal profit hedge.