Hi all,
I tried some races today by laying a drifting horse in play, one that had come into around £2 and laying it started drifting. It seemed near impossible to get matched at anything over £4 on the drift, which in many instances it isn't even beat so cant really go any lower where there is still high liquidity.
Could it be anything to do with how quick my bets are fired in. If I set a stop entry price to activate when it hits say £5, by the time my bet appears the price has shot away and I never get matched. Is there a price that I should stick around or maybe put the entry 5-10 ticks higher than the strike price?
I only want to be laying things that are looking beaten but must be doing something wrong...
Not matching lay price - Why would this be?
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NeilSpence
- Posts: 78
- Joined: Sun Nov 17, 2013 11:58 am
Hi again,
I am still having difficulty getting some lays matched in play. I can't seem to find something that allows me to put the lay to be opened, at say 5.00 and for the money to be placed at 6.00 so it definately catches it on the way up. There is an option (i think ) that allows for next available price but if it goes in there and still jumps through then it doesn't come back all the time.
Am I not looking in the right place or does this function not exist..
I am still having difficulty getting some lays matched in play. I can't seem to find something that allows me to put the lay to be opened, at say 5.00 and for the money to be placed at 6.00 so it definately catches it on the way up. There is an option (i think ) that allows for next available price but if it goes in there and still jumps through then it doesn't come back all the time.
Am I not looking in the right place or does this function not exist..
...if you can see the horse is beat, there is not going to be money backing it, plus a lot of courtsiders racing to click lay first...
So unless you are courtside or have no delay on your pictures it's going to be hard for you to have an edge with this strategy.
So unless you are courtside or have no delay on your pictures it's going to be hard for you to have an edge with this strategy.
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NeilSpence
- Posts: 78
- Joined: Sun Nov 17, 2013 11:58 am
The edge isnt in laying it. Sometimes I need to get out after backing a horse and dont want it to get missed getting matched. I know another API has the ability to use a tool which lets you open a position when it hits a certain price and then also select where your money is going to sit.
i.e Open the psootion when the horse hits 5.00. Put money in at 6.00. Therefore when the money goes in it will find the best price up to 6.00 if you see what I mena. Lately when i open it at 5.00, by the time it is in the que the price is long gone.
Can Betangel do something similar?
i.e Open the psootion when the horse hits 5.00. Put money in at 6.00. Therefore when the money goes in it will find the best price up to 6.00 if you see what I mena. Lately when i open it at 5.00, by the time it is in the que the price is long gone.
Can Betangel do something similar?
The edge doesn't really matter, the underlying problem is, when a horse is beat, the price moves out really, REALLY fast...
In your example, you say 'Sometimes i want to get out after backing a horse and don't want it to get missed being matched'.
For this scenario I think a stop loss would be the correct approach. You would set your stop loss at 6 in your example. This will send the lay bet when the price hits 6.
For extra safety, you can 'offset' the stop by an amount so when the stop loss is hit you lay a number of ticks above 6, e.g. 3 ticks would be 6.6. But this is also not a 100% guarantee... sometimes the price moves to fast for a stop loss too. Some tools also have a chasing stop loss feature which moves the stop loss if it is 'jumped over'.
In your example, you say 'Sometimes i want to get out after backing a horse and don't want it to get missed being matched'.
For this scenario I think a stop loss would be the correct approach. You would set your stop loss at 6 in your example. This will send the lay bet when the price hits 6.
For extra safety, you can 'offset' the stop by an amount so when the stop loss is hit you lay a number of ticks above 6, e.g. 3 ticks would be 6.6. But this is also not a 100% guarantee... sometimes the price moves to fast for a stop loss too. Some tools also have a chasing stop loss feature which moves the stop loss if it is 'jumped over'.
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NeilSpence
- Posts: 78
- Joined: Sun Nov 17, 2013 11:58 am
Baby arber,
Yes that is what i am looking for, a stop loss as you mention and then use the chaser tool, i dont see that anywhere. I really want to automate it and dont know which rule to use for that.
Yes that is what i am looking for, a stop loss as you mention and then use the chaser tool, i dont see that anywhere. I really want to automate it and dont know which rule to use for that.
I'v just went through my second attempt at inplay horse racing had to stop again as i can't get an edge only lost a small amount of money compared to my first attempt. I'm not sure if stop loss is a good choice to make i'm sure the best thing to do is back other horses that look like winning.NeilSpence wrote:Baby arber,
Yes that is what i am looking for, a stop loss as you mention and then use the chaser tool, i dont see that anywhere. I really want to automate it and dont know which rule to use for that.
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NeilSpence
- Posts: 78
- Joined: Sun Nov 17, 2013 11:58 am
its not a stop loss as such, its an exit. If i have backed something and it starts drifting and want to exit the trade.
It is the offset tool that allows the exit to be given the most chance of being matched on the way out.
I just dont know how to implement that offset, hecne the question as to where it is in the automation section
It is the offset tool that allows the exit to be given the most chance of being matched on the way out.
I just dont know how to implement that offset, hecne the question as to where it is in the automation section