Taking SP on a lay bet

[jamesedwards]

Anyone know what the minimum for greyhound racing in the UK is? Just tried £200 @ 1.01 as assumed it was £2 minimum liability but still didn't work. No greyhound races left to test on this evening...

As far as I know, it's TakeSP Minimum : £10 liability lay bets / £2 stake back bets

Thanks. That rings a distant bell too!

[jamesedwards]

Or using SP. as a BF crash safety feature while asking for lay @ 1.01?
Even then I don’t see the use of SP , you only need to keep all unmatched bets . Laying using SP will result to asking at higher odds and higher liability.
—- unless I am missing something

When automating multiple markets taking SP removes the spread. The market book is always 100%.

[Anbell]

When automating multiple markets taking SP removes the spread. The market book is always 100%.

This is not true.

[foxwood]

Or using SP. as a BF crash safety feature while asking for lay @ 1.01?
Even then I don’t see the use of SP , you only need to keep all unmatched bets . Laying using SP will result to asking at higher odds and higher liability.
—- unless I am missing something

Keeping all unmatched bets does not guarantee you will be matched in running (and not all events go in running).

If you take SP for a lay bet your liability stays the same. You may get higher odds in which case if the selection wins you lose the same as your original bet would have. However if the selection loses at higher odds the implied stake for that liability is lower and therefore you win less £ than the original bet would have.

Matched lay bet £2 @ 3.0 ....if selection wins -£4.00 loses +£2.00
Same but TakeSP @ 4.0.......if selection wins -£4.00 loses +£1.33

[jamesedwards]

When automating multiple markets taking SP removes the spread. The market book is always 100%.

This is not true.

Sorry yes, I meant on average. I've always assumed betting at SP removes the spread so on average SP books will equal 100% where if not betting as SP the average book will be somewhat adverse. Please tell me if I'm wrong.

[decomez6]

Or using SP. as a BF crash safety feature while asking for lay @ 1.01?
Even then I don’t see the use of SP , you only need to keep all unmatched bets . Laying using SP will result to asking at higher odds and higher liability.
—- unless I am missing something

Keeping all unmatched bets does not guarantee you will be matched in running (and not all events go in running).

If you take SP for a lay bet your liability stays the same. You may get higher odds in which case if the selection wins you lose the same as your original bet would have. However if the selection loses at higher odds the implied stake for that liability is lower and therefore you win less £ than the original bet would have.

Matched lay bet £2 @ 3.0 ....if selection wins -£4.00 loses +£2.00
Same but TakeSP @ 4.0.......if selection wins -£4.00 loses +£1.33

Unless an event is cancelled, it will at one point go IN running ( but not necessarily tradable).
As for laying on higher odds ( above 1.01), I meant to say he will be getting diminished returns .so why aim for an SP.
Still not clear if James wants to take SP for a guaranteed match
OR as a safety feature
OR to ‘ remove spread’(doubt it works)

in all those cases I don’t see why he must place his bet @ 1.01…. Not. unless he is persuing a match at 1.01 , in which case an SP is not necessary.