Offset ticks....need help!!

[Henry1963]

Have come back to BetAngel after quite a break.

I am looking to back horses, with odds between 2.5 and 5.0 in certain races. Want to back a horse right before the off, looking for 10% profit. Also looking to put in a max. loss of 50% on initial stake. I have been doing this, with just one horse per race, by simply using the green up when profit hits a certain level, but want it to do any horse hitting those odds in certain races.

Never fully understood offset tick, trailing stops etc and would really appreciate guidance in the right direction.

[SeaHorseRacing]

The first part is Automation which I am not best to advise you on. Someone should reply.

Offset ticks basically means a matched betting position put into the market opposite to your position.

If you set tick offset to 1 and you place a lay bet for £10 at 2.02 the offset will place a back bet at 1 tick above for £10. The number of offset ticks you chose the further away it will place the opposing position.

Trailing stop is similar to offset in that if you set your trailing stop to 5 ticks. It will allow your position to continue and if it moves back 5 ticks it will close your position.

So lets pretend you have made 20 ticks profit. The trailing stop will continue to move until it goes 5 ticks back. So if it hit 15 ticks after being at 20 ticks in profit it will close you out and so on.

I am not 100% certain on this as I generally dont use it but hope this helps you.

[Dallas]

Have come back to BetAngel after quite a break.

I am looking to back horses, with odds between 2.5 and 5.0 in certain races. Want to back a horse right before the off, looking for 10% profit. Also looking to put in a max. loss of 50% on initial stake. I have been doing this, with just one horse per race, by simply using the green up when profit hits a certain level, but want it to do any horse hitting those odds in certain races.

Depending on exactly how you have your rule set up you should just be able to increase the number of times it triggers and apply it to 'ANY' selection. If you the add a condition
'Number of place bets condition'
On 'Selection'
Is 'Equal' to 0

That will limit it to backing each selection just once.

This thread shows how to green up to a profit or loss value (you will just need to work out the percentages based on the size of your stake).
viewtopic.php?f=47&t=11488

Never fully understood offset tick, trailing stops etc and would really appreciate guidance in the right direction.

You wont need to these if your aiming for a target profit or loss but these threads will give you some detailed examples of how they work and can be used.
viewtopic.php?f=47&t=12597
viewtopic.php?f=47&t=11746

[Dublin_Flyer]

I'm doing a version of this but won't get it finished tonight, I'll post it tomorrow with an explanation of how I go about it and possible changes or modifications you might prefer to try and how to do them.

[Dublin_Flyer]

I had a go doing similar to the previous request Henry. However my initial thought was that your 50% risk for getting out seems high on the risk/reward front.
You'll be needing 5 successful trades to cancel out 1 that reds at 50%, plus occasionally your 50% red will be met only to come back in and pass your 10% green, keep going, and win by 30 lengths while you're sitting there pulling your hair out!

So I tried out 4 scenarios in automation today with different options:
A) Green at 10%, red at 50%
B) Green at 20%, red at 50%

To remove the risk of redding up and the horse then coming into the green area, as the risk level is 50% I just halved the stakes. Risk is the same, potential profit is lower but there's a chance more bets will be matched as they come back into the green area.

C) Half stakes, green at 10%
D) Half stakes, green at 20%

For a tiny blind trial covering all races it didn't do too bad with none of the options losing more than 5% overall, and 3 in marginal profit until the AW racing turned everything to sh1t.

If you choose your races carefully where you think the runner will definitely be at the top end of the market and run near the front, it could be useful. Alternatively where you think it's a race with a lot of evenly matched runners but no definite frontrunner, then it could be more likely they'll run in a bunch so there's a better chance of the odds dropping by 10 or 20% before they drift by 50%

[Dublin_Flyer]

Last one and the results for todays tiny trial.