Automating a small loss

[Dallas]

The "Back the Likely Winner" would be the quickest to modify.

On the General Tab
Increase the number of triggers to 2 with 3 sec re-arm
change applies to "ANY"

The on conditions tab add another condition
"number of matched bet condition"
Matched bets on a selection
equals 0

finally remember to change the exisiting "fixed odds condition" for the bet to trigger when the odds reach 3.0 (currently there set at 1.35)

and if you also want to select a min fixed odds to place the bet at this can be done on parameters page.

(Test in PM or use small stakes till you know its working how you want)

[forumuser]

Thank you, I will give this a go tomorrow.

All the best.

[forumuser]

Dallas,

If I want to place a lay bet in running at 10.0 on a horse that is shorter at the off, if I set Parameters to say 50 custom ticks ABOVE best market price and Conditions to Lay price is greater than 10.0, will this automatically place the lay bet at the closest price to 10.0?

The same as if manually placing a bet on the lay side of the ladder 50 ticks above the current lay price but only getting matched at the current lay price.

Is there anything else I can do to ensure getting matched either at 10.0 or above 10.0 and not missing out on getting matched? Also am I right in saing 50 ticks ABOVE best market price, not below?

Thanks.

[Dallas]

Do you mean your wanting to lay @ 10.0 only if the odds have drifted from a shorter SP?
and if so is it any horse or a pre-selected one

Doing it the way you have said (50 ticks above best market price) will get you a instant match as soon as the bet is triggered

[forumuser]

Yes lay at 10.0 (maybe bigger odds) if drifting from a shorter BSP.

I have it now as:

Place Lay bet 1 second after race starts to 15 mins.
Trigger 2 times, wait 3 seconds (Is this right?)
Parameters.
Place at 50 ticks above current best market price
Stake. Fixed amount £2
Conditions.
Matched bets on selection at 0
Actual sp greater and less than say 5.0 and 8.0 perhaps.
In play. Market is in play
Fixed odds condition. Lay price is greater than 10.0

I have this the same for the first 8 in the market by favourite and it is set to remember order between 15 and 5 seconds to start time.

Anything not looking right?

Thanks.

[Dallas]

The way you have it set is it will lay a maximum of two horse (number of triggers)
and will do this when the price of a horse goes above 10.0 as long as they had a SP of between 5.0-8.0

The only thinh i would maybe look at is using 50 ticks above best price, this will get you matched 99% of the time but when it triggers at 10.0 or more 50 ticks above is at least 100 which is where the lay will be placed - you will of course get the best odds avalible which most times will be much lower but you could end up with a 100.0+ lay
If thats not a problem then everything is set fine for what you wanting

If you wanted to change the above on the parameters tab instead of placing 50 ticks above best price used "fixed odds" and enter the highest odds your willing to lay at so you will always know what your max liabaility is otherwise everthing looks good

Always try practice mode till your sure

[forumuser]

Thanks Dallas, I changed the 50 ticks above to just Best market price and it seemed to be placing them much nearer the 10.0 mark, even below it sometimes so I will continue with this today and see how it goes. I will also change the Triggers to 5 to catch all I am looking at.

I may add a Fixed odds setting to limit the lay price too as you suggest.

If we want to cover 5 horses (trigger 5 horses in one race) why do we wait 3 seconds to re arm? If they all changed to 10.0 at the same time, wouldn't this mean it would take 15 seconds to place all bets as well as the Betfair delay time?

Thanks.

[Dallas]

The main reason for the 3 sec delay between bets is because of the In-Play delay.
Depending on the size stakes your using this delay can be with 1 or 2 secs

If the re-arm time was set to 1 sec then a horse can drift past 10.0 trigger a lay then during the delay drop back below then jump back above 10.0 and trigger another before the 1st bet has appeared in the market.
It will trigger the 2nd bet on the same runner because its still thinks there is 0 matched bets on that runner.

So the re-arm delay ensures that any triggered bets have time to get into the market and show as either matched or unmatched before its possible to trigger another.

If your using stakes above £2 you can pull your re-arm down to 2 secs

[forumuser]

If I want to back certain horses in running and lay other horses in running, both at different sp conditions so could not be backing and laying the same horse, can I put both rules on one automation or do I need to open 2 versions of Bet Angel?

The back one is for horses with an bsp over over 10, the lay one is for horses with an bsp of under 5 so there would be no chance of a confliction.

Thanks

[Dallas]

You can do it with just one Bet Angel open
Just add a fixed odds condition for the back and another for the lay rule type,
On the back specify the actual SP is greater than 10.0
and on the lay rule type the actual SP is less than 5.0

[forumuser]

Thanks Dallas, that seemed to be compliacted with 2 versions open but it wasn't working overall any way, profit wise.

If I want to lay a number of selections bewteen 8 and 12 for £3 and red out for a loss when at £1, would I need to say Close Trade On Selection With Greening, or just Close Trade On Selection. And then on Conditions, Close Trade Profit Conditions, tick or un tick the box for Greening..........and why.

It seems to me if I am laying 5 or 6 horses it should not be with greening on each selection, as wouldn't with greening be green up across the field?

Thanks.

[Dallas]

You would use the "Close trade on selection" with or with out greening if you want to close a selection at a time rather than the whole field in one go.

Even when "closing a selection with greening" this just spreads any profit or loss from that selection across all runners but leaves the trades on other selection intact until closed.

So for horse 1 if you "Closed trade on selection with greening" for -£2 loss
Done the same for horse 2

Then horse 3
"Closed trade on selection with Greening" for £5 profit

Over all you would have £1 profit on all runners still.

[forumuser]

Would I use number of place bet triggers = 0 or Number of matched bet condition = 0

This one always confuses me!

[Dallas]

If you where placing the bet into the market just once per selection and leaving them to be matched you could use either or both

If you where using a fill or kill to submit the bets then you could only use the Matched bets = 0

[forumuser]

If I was going to cover 7 horses from 4th fav to 10th fav, would I need to set up a lay bet placement rule and green up for a £1 loss rule for each one?

And what should my triggers and wait number be for both the place lay bet and green up?

Thanks.