Have returned to Betfair trading and BetAngel after quite a while. Need some help with an automation rule.
I am looking to place a back bet on a horse, close to the off, with the idea of laying it soon after the off.
Will have identified the horse to be a front runner. Will be using in training mode for quite sometime, while testing.
Want to green up when 20% ROI is reached, or indeed if it goes 20% the other way.
However I do not want the loss saving trade to be triggered in the first 30 seconds of the race (I will change the 30 seconds depending on the length of the race, although no sprints will be traded). Of course if the 20% profit can be achieved in this first 30 seconds, I'll take it!
Any advice greatly appreciated, it's mainly the offset ticks that I do not fully understand at the moment.
Automation rule for horse races, help please
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Dublin_Flyer
- Posts: 842
- Joined: Sat Feb 11, 2012 10:39 am
As the price of the horse will be a variable, so too will be the number of ticks movement for or against it to get to 20% P/L
At a price of 2.00 you're looking for 1.65 to green at 20% (inc 5% comm) so it's 35 ticks, at a price of 10.0 you're looking for 8.2 for the same 20% so it's only 9 ticks.
It's possible to do it based on multiple rules using price ranges in the conditions but it can get confusing and it's easy to make errors/fire multiple bets/screw the whole thing up.
Simplest way to get around it is to just green or red when a set profit or loss has been hit. For easiness sake I used a tenner stake and green at 2 profit from the off time, or red at 2 loss triggering 30 seconds in. However if your nominated horse gets left a bit behind at the start or jumps badly at the start, your red up rule could be well past the 20% loss when it's ready to trigger.
At a price of 2.00 you're looking for 1.65 to green at 20% (inc 5% comm) so it's 35 ticks, at a price of 10.0 you're looking for 8.2 for the same 20% so it's only 9 ticks.
It's possible to do it based on multiple rules using price ranges in the conditions but it can get confusing and it's easy to make errors/fire multiple bets/screw the whole thing up.
Simplest way to get around it is to just green or red when a set profit or loss has been hit. For easiness sake I used a tenner stake and green at 2 profit from the off time, or red at 2 loss triggering 30 seconds in. However if your nominated horse gets left a bit behind at the start or jumps badly at the start, your red up rule could be well past the 20% loss when it's ready to trigger.
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Crazyskier
- Posts: 1279
- Joined: Sat Feb 06, 2016 6:36 pm
Even without the 30 seconds arm time, you'll often find stop loss in play is triggered more than a green up in play, due to the gaps that appear. My experience is that stop losses and in play do NOT go well together. Indeed even green-ups in play are often best avoided on all but the longest races, and even then before the halfway point is reached. Many the time I have greened up only to end up with a loss as not all the best are matched.Dublin_Flyer wrote:
Simplest way to get around it is to just green or red when a set profit or loss has been hit. For easiness sake I used a tenner stake and green at 2 profit from the off time, or red at 2 loss triggering 30 seconds in. However if your nominated horse gets left a bit behind at the start or jumps badly at the start, your red up rule could be well past the 20% loss when it's ready to trigger.
I find a fixed preset back or lay with 'keep' status is best where possible.