Hi, how do I set up automation when a horse has a BFSP and if trades lower at a certain price, to then back?
For example BFSP >20 but when/if reaches 6, then back.
I have tried myself and even tried to amend other automation on here but struggled
Thanks
Betting once price lowered
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jamesedwards
- Posts: 4369
- Joined: Wed Nov 21, 2018 6:16 pm
Betfair will automatically match a back price at the price you request, or higher if higher is available.
Therefore you have to tell Bet Angel to trigger a back bet when the price of your selection reaches your target price.
Be aware that during an in-play horse race there is a 1 second delay between a trade being requested and Betfair putting it into the market. Therefore the price might have changed significantly between the price hitting your target and the back bet hitting the market.
If you want to ensure the bet gets matched you can set it to well below your target price or even 1.01, and Betfair will match it at the best price available at that moment.
Therefore you have to tell Bet Angel to trigger a back bet when the price of your selection reaches your target price.
Be aware that during an in-play horse race there is a 1 second delay between a trade being requested and Betfair putting it into the market. Therefore the price might have changed significantly between the price hitting your target and the back bet hitting the market.
If you want to ensure the bet gets matched you can set it to well below your target price or even 1.01, and Betfair will match it at the best price available at that moment.
James is of course correct, but I advise anyone before doing this, check your settings on the right side of your main Betfair window (not the Bet Angel window). Ensure the options are ticked, they should be by default but money is money, so check.jamesedwards wrote: ↑Sat May 18, 2024 7:58 pmBetfair will automatically match a back price at the price you request, or higher if higher is available.
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following on from what james said above. if you were to flag a selection after the off based on your criteria (i.e. ActualSp odds >= 20), you could track those selections and have another stored value that equates to the target lay odds that must be hit (in your case, 6.00). You'd then place a back bet at perhaps the reverse price on a short fill/kill and continue to attempt to place the bet until the odds were no longer attractive.
from experience (and having tried similar things), you'll probably get this to operate great at a functional level. However, what might not be apparent is at what stage in the race this is happening. Therefore, your milage will vary as some of those fast moving selections that go from 20 odds to 5 odds in a millisecond might not deliver the outcome that you're after (this in itself will offer up other strategies).
anyway - it's definitely worth a shot.
from experience (and having tried similar things), you'll probably get this to operate great at a functional level. However, what might not be apparent is at what stage in the race this is happening. Therefore, your milage will vary as some of those fast moving selections that go from 20 odds to 5 odds in a millisecond might not deliver the outcome that you're after (this in itself will offer up other strategies).
anyway - it's definitely worth a shot.
If you always intend betting when the price reaches the same odds then just a 'Fixed Odds Condition' is required
https://www.betangel.com/user-guide/fixed_odds.html
If the price will be relevant to the BSP (either ticks or percent), then use a 'Stored Value Condition' to test
The price is
equal to or less than
The actual BSP
https://www.betangel.com/user-guide/stored_value.html
But take on board what others have said about then placing the bet at even lower odds to increase the chances of being matched if the price shortens very quickly
Thanks for all your advice, greatly appreciated.
I managed to get it to work, but as suspected, I'm not getting the required price. in most cases its 50% less than what I wanted.
I tried 1.01, and even best market price, but the delay and depending on what stage the race is at, the prices are not attractive anymore.
I managed to get it to work, but as suspected, I'm not getting the required price. in most cases its 50% less than what I wanted.
I tried 1.01, and even best market price, but the delay and depending on what stage the race is at, the prices are not attractive anymore.