Profit/Loss

[WillBill]

Hi, I have managed to get guardian to work to a degree but am having a problem when It comes to Profit/Loss in the Log. I have guardian set on a win, to back any horse in the race where the odds fall below a certain number, that is working to some degree (I know it's only basic but I am just starting). If it places the back bet and it gets matched it shows up in the P/O log. The problem then is it shows the profit for the horse that won but show a Loss of £10 ( the stake) for every other horse in the race. It is only supposed to of placed one bet. Your help please

[Dallas]

That's how you'd expect to log to appear

If you back runner 'A' for £10 at 1.5 you would have a £5 profit if it won and a £10 loss if anything else won as you'd have lost you stake of £10

[ShaunWhite]

If you're hoping to see the same return no matter which wins then at some point after backing, there'll need to be a lay bet on the same selection that uses some of the potential win profit to also back it to lose (a lay bet).

Have a look through the greening (aka hedging) rule types and there might be a fuller explanation. And I'm sure Dallas has done an explanation on the forum somewhere. Guardian will handle the stake and side of your hedge bet, you just tell it when to trigger (time and/or conditions)

https://www.betangel.com/user-guide/rul ... 3D&mw=MzIw

Apart from the logs you can use the Bet History download from the Betfair site to see what bets have been matched.

[ShaunWhite]

If it ever stops raining you won't be getting the supplementaries to your support posts anymore I'm stuck indoors like a bored kid on their summer hols.

[Dallas]

If it ever stops raining you won't be getting the supplementaries to your support posts anymore I'm stuck indoors like a bored kid on their summer hols.

Looks like you'll be around till mid august then at least

[ShaunWhite]

Looks like you'll be around till mid august then at least

There's some episodes of Judge Judy I haven't seen on CBS Reality so I'm not just wasting my time. There's 6,280 in total.

[WillBill]

Hi, I am sorry but I may of confused the situation. From the comments so far I may have made the wrong assumption. I downloaded the 1.3 or below back bet system and have used this as my system in guardian. The way I read it it would only place a Back bet if the odds on any horse fell to 1.3 or below and It was matched. I assumed it would only select one horse in each race but as the P/L shows the winner as a small profit and every other horse in the race with a £10 loss ( the stake) I am now wondering if the system I have download is backing all the horses in every race. If that is the problem could anyone tell me if it can be solved. Many thanks

[jamesedwards]

Hi, I am sorry but I may of confused the situation. From the comments so far I may have made the wrong assumption. I downloaded the 1.3 or below back bet system and have used this as my system in guardian. The way I read it it would only place a Back bet if the odds on any horse fell to 1.3 or below and It was matched. I assumed it would only select one horse in each race but as the P/L shows the winner as a small profit and every other horse in the race with a £10 loss ( the stake) I am now wondering if the system I have download is backing all the horses in every race. If that is the problem could anyone tell me if it can be solved. Many thanks

If you back the first horse to reach 1.3 for £10 then once that bet is matched the P&L for that horse if it wins will be a small positive, and the P&L for every other horse if they win will be a £10 loss.

[Dallas]

The way I read it it would only place a Back bet if the odds on any horse fell to 1.3 or below and It was matched. I assumed it would only select one horse in each race but as the P/L shows the winner as a small profit and every other horse in the race with a £10 loss ( the stake) I am now wondering if the system I have download is backing all the horses in every race.

If you back a horse for £10 no matter what the price you are matched at if any other horse wins you will lose that £10
The amount you will win if the horse backed wins will depend on the odds you were matched at

So from what you've said both the rule you have set up is working fine (as it's backing 1 horse for £10) and the P/L report you'd expect to see is also correct (as its showing a loss of £10 against all other runners)

[jamesedwards]

The P&L shown against each horse is a 'what-if' for if that horse wins. You only take the P&L shown against the winning horse, your P&L is not a cumulative sum of every P&L shown.

[Dallas]

Sorry James I didn't notice you had replied with an identical answer moments before I posted mine

[WillBill]

Hi thanks for the replies, just so I understand the situation, let me assume there are 10 horses in the race. I want to back any one if the odds fall below 1.3. Let's say my horse wins Mt log shows 1 win of say £13 and 9 losses £10. Can I take it then that the £90 shown in the lig is not real if the had been a live bet. Thanks

[Dallas]

Hi thanks for the replies, just so I understand the situation, let me assume there are 10 horses in the race. I want to back any one if the odds fall below 1.3. Let's say my horse wins Mt log shows 1 win of say £13 and 9 losses £10. Can I take it then that the £90 shown in the lig is not real if the had been a live bet. Thanks

As James said above you don't add up all the loss values next to each horse (as they can't all win), you will lose the amount shown next to which ever wins ie, your £10 stake

[WillBill]

Thanks