"Stake as Liability" for "Place Back SP Bet"

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lotora
Posts: 754
Joined: Thu Dec 24, 2009 9:20 am

Since you can't choose "Stake as Liability" for "Place Back SP Bet" when 100% automated", other "smart" ways to calculate the individual stakes for "Place Back SP Bet"?
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Dallas
Posts: 23597
Joined: Sun Aug 09, 2015 10:57 pm

If you mean to achieve a set profit it isn't possible
You'd need to know what the SP is going to be to workout the required stake, as this needs to be placed in advance of the SP reconciliation

You could possibly use the Projected SP to calculate the required stake from but that only gets updated by Betfair every minute so could be a bit out from what the actual SP ends up being
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lotora
Posts: 754
Joined: Thu Dec 24, 2009 9:20 am

Dallas wrote:
Sat Jul 29, 2023 7:42 pm
If you mean to achieve a set profit it isn't possible
You'd need to know what the SP was going to be to workout the required stake, as this needs to be placed before that
Thanks! I get that, what I would like is to work out the required stakes based on the prices in real-time.
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Dallas
Posts: 23597
Joined: Sun Aug 09, 2015 10:57 pm

lotora wrote:
Sat Jul 29, 2023 7:47 pm
Dallas wrote:
Sat Jul 29, 2023 7:42 pm
If you mean to achieve a set profit it isn't possible
You'd need to know what the SP was going to be to workout the required stake, as this needs to be placed before that
Thanks! I get that, what I would like is to work out the required stakes based on the prices in real-time.
You mean calculate it off the current best price then enter that as your SP bet?
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lotora
Posts: 754
Joined: Thu Dec 24, 2009 9:20 am

Dallas wrote:
Sat Jul 29, 2023 7:50 pm
lotora wrote:
Sat Jul 29, 2023 7:47 pm
Dallas wrote:
Sat Jul 29, 2023 7:42 pm
If you mean to achieve a set profit it isn't possible
You'd need to know what the SP was going to be to workout the required stake, as this needs to be placed before that
Thanks! I get that, what I would like is to work out the required stakes based on the prices in real-time.
You mean calculate it off the current best price then enter that as your SP bet?
Sorry!, yes!
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Dallas
Posts: 23597
Joined: Sun Aug 09, 2015 10:57 pm

lotora wrote:
Sat Jul 29, 2023 7:51 pm
Dallas wrote:
Sat Jul 29, 2023 7:50 pm
lotora wrote:
Sat Jul 29, 2023 7:47 pm


Thanks! I get that, what I would like is to work out the required stakes based on the prices in real-time.
You mean calculate it off the current best price then enter that as your SP bet?
Sorry!, yes!
The calculation required is

Stake (amount you want to win) / price -1

To get that you'll need to use a 'Set/Modify Stored Value' and on the stored value tab (give it any name you want ie, 'odds')
For the Selection
With ' Current best Back Price'

and in the adjustment section use
minus 1 tick


Then add a second stored value to the same rule (and give this a new name ie, 'stake')
for the selection
with 'An Entered Amount' (input the amount you want to win ie, your liability)
divided by
Another stored value named 'odds' (or whatever you called it)

Then on your Back SP rule for the stake select Stored Value
and enter then stored value name 'stake' (or whatever you called the second SV you created)
User avatar
lotora
Posts: 754
Joined: Thu Dec 24, 2009 9:20 am

Dallas wrote:
Sat Jul 29, 2023 8:21 pm
lotora wrote:
Sat Jul 29, 2023 7:51 pm
Dallas wrote:
Sat Jul 29, 2023 7:50 pm


You mean calculate it off the current best price then enter that as your SP bet?
Sorry!, yes!
The calculation required is

Stake (amount you want to win) / price -1

To get that you'll need to use a 'Set/Modify Stored Value' and on the stored value tab (give it any name you want ie, 'odds')
For the Selection
With ' Current best Back Price'

and in the adjustment section use
minus 1 tick


Then add a second stored value to the same rule (and give this a new name ie, 'stake')
for the selection
with 'An Entered Amount' (input the amount you want to win ie, your liability)
divided by
Another stored value named 'odds' (or whatever you called it)

Then on your Back SP rule for the stake select Stored Value
and enter then stored value name 'stake' (or whatever you called the second SV you created)
Works perfectly, thank you!
User avatar
Dallas
Posts: 23597
Joined: Sun Aug 09, 2015 10:57 pm

lotora wrote:
Sun Jul 30, 2023 9:56 am
Dallas wrote:
Sat Jul 29, 2023 8:21 pm
lotora wrote:
Sat Jul 29, 2023 7:51 pm


Sorry!, yes!
The calculation required is

Stake (amount you want to win) / price -1

To get that you'll need to use a 'Set/Modify Stored Value' and on the stored value tab (give it any name you want ie, 'odds')
For the Selection
With ' Current best Back Price'

and in the adjustment section use
minus 1 tick


Then add a second stored value to the same rule (and give this a new name ie, 'stake')
for the selection
with 'An Entered Amount' (input the amount you want to win ie, your liability)
divided by
Another stored value named 'odds' (or whatever you called it)

Then on your Back SP rule for the stake select Stored Value
and enter then stored value name 'stake' (or whatever you called the second SV you created)
Works perfectly, thank you!
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No problem
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