Hello,
Can someone please explain exactly how does BetAngel calculate the needed stakes and bets when you hit the green up button?
Thanks!
Green-up calculation
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Crazyskier
- Posts: 1298
- Joined: Sat Feb 06, 2016 6:36 pm
It (should) just lay the runners with green on, but it does NOT. It has a complex algorythm that seems to try to back the runners you have liability on, which means if you don't get on some runners due to odds fluctuation, you can end up increasing your total liability!
It must be used with caution in play as it can cost you money if used towards the end of a race.
See my original thread where in play green up turned a profit into a LOSS that was twice my maximum liability!
viewtopic.php?f=2&t=11402
You'll see Fish's screen shots of how it sometimes predicts a bigger loss than your maximum liability BEFORE you press it.
It works in mysterious ways in play - USE WITH CAUTION.
It must be used with caution in play as it can cost you money if used towards the end of a race.
See my original thread where in play green up turned a profit into a LOSS that was twice my maximum liability!
viewtopic.php?f=2&t=11402
You'll see Fish's screen shots of how it sometimes predicts a bigger loss than your maximum liability BEFORE you press it.
It works in mysterious ways in play - USE WITH CAUTION.
When Bet Angel hedges all it does is close the existing position then performs the (profit/lay price) calculation and lays.
If you open a position you must close it before hedging. At that point, Bet Angel simply lays any profit or loss to hedge it.
Say you open with £10 and a lay at 2.00 and then back with £10 at 3.00. Bet Angel will simply lay (10/3.00) at the current lay price (3.00). So the hedged profit will be £3.33.
If you haven't closed your position then Bet Angel will need to exit it, during the hedging process.
There isn't much complex with the way Bet Angel hedges a position.
If you open a position you must close it before hedging. At that point, Bet Angel simply lays any profit or loss to hedge it.
Say you open with £10 and a lay at 2.00 and then back with £10 at 3.00. Bet Angel will simply lay (10/3.00) at the current lay price (3.00). So the hedged profit will be £3.33.
If you haven't closed your position then Bet Angel will need to exit it, during the hedging process.
There isn't much complex with the way Bet Angel hedges a position.
I could do ok at this caper, backing at 2.00 then laying at 3.00 and producing a profitEuler wrote:Say you open with £10 and a back at 2.00 and then lay with £10 at 3.00. Bet Angel will simply lay (10/3.00) at the current lay price (3.00). So the hedged profit will be £3.33.
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Crazyskier
- Posts: 1298
- Joined: Sat Feb 06, 2016 6:36 pm
I respectfully beg to differ Sir.Euler wrote:When Bet Angel hedges all it does is close the existing position then performs the (profit/lay price) calculation and lays.
If you open a position you must close it before hedging. At that point, Bet Angel simply lays any profit or loss to hedge it.
Say you open with £10 and a lay at 2.00 and then back with £10 at 3.00. Bet Angel will simply lay (10/3.00) at the current lay price (3.00). So the hedged profit will be £3.33.
If you haven't closed your position then Bet Angel will need to exit it, during the hedging process.
There isn't much complex with the way Bet Angel hedges a position.
It remains the ONLY automation software that I've used that has increased my liability (and I've trialled most of them on the Betfair API page). I'm convinced that the algorythm differs from others.