Take SP not working

[sa7med]

I have a TakeSP rule in case races go off early. Sometimes AUS races have their time shifted slightly and Bet Angel doesn't notice until races are reloaded.But the Take SP did not work twice today. The log below says the bet persistence has been modified though the unmatched lay bet was not made at SP. Any idea why?

£ 5.00 Back bet placed on X at 6.6. Fully matched at 6.6. Ref: 190322550003 ( Fill or kill bet with 0.5 seconds delay. Offsetting by 100 ticks. )
£ 5.00 Lay bet placed on X at 1.93. Entirely unmatched when it initially reached the market. Ref: 190322550024
Modify bet persistence 190322550024 from 'Cancel' to 'Take SP'

[lotora]

Same here!

[burntheory]

I have a TakeSP rule in case races go off early. Sometimes AUS races have their time shifted slightly and Bet Angel doesn't notice until races are reloaded.But the Take SP did not work twice today. The log below says the bet persistence has been modified though the unmatched lay bet was not made at SP. Any idea why?

£ 5.00 Back bet placed on X at 6.6. Fully matched at 6.6. Ref: 190322550003 ( Fill or kill bet with 0.5 seconds delay. Offsetting by 100 ticks. )
£ 5.00 Lay bet placed on X at 1.93. Entirely unmatched when it initially reached the market. Ref: 190322550024
Modify bet persistence 190322550024 from 'Cancel' to 'Take SP'

The minimum lay liability for BSP is £10. £5 at 1.93 only gives a liability of £4.65. To get matched the minmum back bet needed to be £10.76.

[sa7med]

I have a TakeSP rule in case races go off early. Sometimes AUS races have their time shifted slightly and Bet Angel doesn't notice until races are reloaded.But the Take SP did not work twice today. The log below says the bet persistence has been modified though the unmatched lay bet was not made at SP. Any idea why?

£ 5.00 Back bet placed on X at 6.6. Fully matched at 6.6. Ref: 190322550003 ( Fill or kill bet with 0.5 seconds delay. Offsetting by 100 ticks. )
£ 5.00 Lay bet placed on X at 1.93. Entirely unmatched when it initially reached the market. Ref: 190322550024
Modify bet persistence 190322550024 from 'Cancel' to 'Take SP'

The minimum lay liability for BSP is £10. £5 at 1.93 only gives a liability of £4.65. To get matched the minmum back bet needed to be £10.76.

So it's not liability at SP?

[spreadbetting]

https://promo.betfair.com/betfairsp/FAQs_theBasics.html

What is the minimum stake for an SP bet?

The minimum stake for a back bet at SP is £2 (or the local currency equivalent). The minimum liability if laying is £10 (or the local currency equivalent).

[sa7med]

https://promo.betfair.com/betfairsp/FAQs_theBasics.html

What is the minimum stake for an SP bet?

The minimum stake for a back bet at SP is £2 (or the local currency equivalent). The minimum liability if laying is £10 (or the local currency equivalent).

I meant my question to be: Is my liability calculated at the price that I want to take or the liability at SP?

In my case my offset lay was at a liability less than 10 but it was over 10 at SP.

I purposely set an offset that I don't want taken just so that I can TakeSP in case greening doesn't work, races go off early or crash, etc. So the target offset liability was less than 10 but the SP would've been greater.

[spreadbetting]

A £10 liability when placed gets converted to a £10 liability at BSP, it's calculated by exposure rather than stakes. So placing laying £5 @ 3 set to go to BSP if not taken would simply get converted to a £2.50 stake if the BSP returned 5. So as long as your original bet has a liability to pay £10 it will go into the BSP pot and the stakes then get adjusted according to what BSP get's returned.

[sa7med]

A £10 liability when placed gets converted to a £10 liability at BSP, it's calculated by exposure rather than stakes. So placing laying £5 @ 3 set to go to BSP if not taken would simply get converted to a £2.50 stake if the BSP returned 5. So as long as your original bet has a liability to pay £10 it will go into the BSP pot and the stakes then get adjusted according to what BSP get's returned.

I see, thanks for clearing that up. So it's not possible to place by stake rather than liability?

[spreadbetting]

No , if they allowed people to bet by stake there could be the possibility of people exceeding their available balance if the BSP was returned higher than their original bet.

[firlandsfarm]

The minimum lay liability for BSP is £10. £5 at 1.93 only gives a liability of £4.65. To get matched the minmum back bet needed to be £10.76.

That's what I always believed until when trialling a rival product recently (to fill a gap not covered by BA) it placed the following BSP Lay bets in real mode …

£0.59 @ 4.39
£0.06 @ 36.00
£0.38 @ 6.20
£0.02 @ 127.80

I had set the app to place bets at £2.00 stake forgetting that BSP Lays are to liability! But the point is it layed them! Now I don't know if this app has a way around the £10 liability rule but these bets were set up to be placed as straight BSP bets at 5 mins before the off.

[spreadbetting]

The minimum lay liability for BSP is £10. £5 at 1.93 only gives a liability of £4.65. To get matched the minmum back bet needed to be £10.76.

That's what I always believed until when trialling a rival product recently (to fill a gap not covered by BA) it placed the following BSP Lay bets in real mode …

£0.59 @ 4.39
£0.06 @ 36.00
£0.38 @ 6.20
£0.02 @ 127.80

I had set the app to place bets at £2.00 stake forgetting that BSP Lays are to liability! But the point is it layed them! Now I don't know if this app has a way around the £10 liability rule but these bets were set up to be placed as straight BSP bets at 5 mins before the off.

The Betfair API rejects BSP bets sent direct to the BSP pool if they don't meet the correct criteria so unless they have a different API to the rest of us those bets weren't sent as BSP only bets. They may have been sent a match on close bets where unmatched bets get sent to the BSP pot and been matched either prior to the off or in the reconciliation process as they were close to the current trading price or betfair have changed their criteria for MOC bets. I'll send a couple to see.

[ShaunWhite]

An SP bet is different to a TakeSP bet isn't it? You can't cancel SP bets but you can cancel ones set to 'TakeSP'. I remember during one particular outage my bets were converted to SP bets and they didn't even show up in BA anymore.

[PDC]

An SP bet is different to a TakeSP bet isn't it? You can't cancel SP bets but you can cancel ones set to 'TakeSP'. I remember during one particular outage my bets were converted to SP bets and they didn't even show up in BA anymore.

That's correct. But I am pretty certain the minimums are the same regardless of type as SB said.

The person who said they had sub minimum bets accepted should be able to check their account if it was in the last 3 months to see if they actually were SP bets or something else as SB outlined in his reply.