Betting
Options
At the top part of the screen are the betting
options, which you can choose to have displayed or not.
The display option can be found in the dropdown menu
bar under ‘Options’.
The betting options are as follows:-
Ø Back/Lay
Field
Using this
option you can back or lay the entire selected market using the odds set in the
lay odds/back odds boxes using the stake that is in the box just above. If you
have ‘Cancel remaining when matched’ checked then as soon as a selection gets
matched all the other bets that were placed as part of the back/lay field
option will be cancelled. This will not affect any other bets that you may
already have on the market.
Ø Market
Quick Pick
Here you can add markets that you want to access quickly. There are a
couple of ways in which you can add a market or markets to the quick pick
window.
Firstly, from the Market Tree, select a market and then either right
click or press ‘Q’ on the keyboard and secondly from the dropdown menu bar
under ‘Market’ and then under ‘Add to Quick Pick List’.
You can remove a market from the list by highlighting the specific market
and then pressing delete on the keyboard.
Also from the dropdown menu you can clear the entire quick pick list.
Additionally you can force the markets that you have in your list to auto
select.
The auto select feature has three options:-
1) Wait until scheduled off of preceding race.
2) Wait until actual off of preceding race (ie. Market suspended after
scheduled off)
3) At specific time before off (in minutes)
This option only
applies to win markets.
Allows you to place what is known as a
dutch bet where you back multiple selections to achieve a desired profit. Enter
the profit required in the ‘Dutch Profit Required’ box. Check at least 2
selections and providing a profit can be achieved on all selections the Dutch
Bet button will turn green showing the stake required to place the dutch bet.
Click on the button and appropriate stake is bet on each of the selections.
Obviously, you will only win the desired profit if one of your selections wins.
You can toggle between producing a set
profit and placing bets adding up to a set liability by clicking on the words
‘Dutch Profit Required’.
Ø Tick
Offset
Using this
option, i.e. the tick offset value is not zero, when you place a bet and once it
is matched then an opposite bet is triggered at lower or higher odds depending
on whether your initial bet was back or lay.
So for
example, you initially back a selection at odds of 4.0, a tick offset of 1
would trigger a lay bet at 3.95 being the next lower odds that are valid and a
tick offset of 2 would trigger a lay bet at 3.9 and so on. It is important that
you are aware that if the initial bet is partially matched then the remainder
is cancelled and the offset bet is placed at the matched stake, to override
this feature enter a value in ‘Fill %’ underneath the tick offset value, this
specifies the percentage of the bet you want matched before the tick offset
fires so for example with £100 stakes and a fill percentage of 50% the tick
offset bet will not fire until at least £50 has been matched, any remaining
stake will still be cancelled.
Ø Auto
level
Tick this and all tick offset bets will
automatically level the profit across all runners on each bet. Example: Back £5
@ 4.6, lay £5.11 @ 4.5, locking in 11 pence (Lay stake = (Back Odds ö Lay Odds) X Back Stake)
Ø Stop
Loss
Set the tick
offset at the desired number of ticks. If you back at 3.55 with a tick offset
of 1 then the stop loss will be set at 3.6,
if the best back price reaches 3.6 then a lay bet will be placed at odds of
3.65 (1 tick higher to ensure matched, if it doesn't get matched then change
the odds manually).
If you tick 'Sliding' then if the market goes your way the stop loss moves down
also (ie. if the best back prices goes down to 3.5 then the stop loss goes down
to 3.55)
If you use stop loss in conjunction with the tick offset feature then if the
tick offset is fired the stop loss is cancelled.
You can also cancel the stop loss by using the 'Cancel' button next to the stop
loss options.
The stop loss bet will not be placed if the odds go too far in the wrong
direction (ie. price doubles or price halves) as you could end up with more
liability
than originally.
The cancel
stop loss button has a red background when any stop loss bets are active.
All stop loss bets are cancelled when you use the ‘Cancel all bets’ button.
Ø Fill
or Kill
Use this
option if you want your unmatched bets to be automatically cancelled after the
number of seconds indicated in the option. If the option is set to zero seconds
the bet will be cancelled straight away if it is not immediately matched. If
the bet gets partially matched then the remainder is cancelled.
When
‘Trading Mode’ checked, this
will track subsequent bets and calculate the profit that can be locked in (i.e.
you will win the same amount if the selection wins or loses). If you already
have bets in the market when you tick ‘Trading
Mode’ then you will be given the opportunity to select current bets to
be taken into consideration. When you place a back/lay which is unmatched the
selection background colour will change to orange. When the bet is matched it
will turn to red. From the time that the bet is matched the program will
display the profit that can be taken at the current odds. To place the bet that
will lock in the profit click the box where the profit is displayed (the box
with the green background). It is important to be aware that there is no
guarantee that you will achieve the profit displayed, the odds may change
quickly or there may be not be enough money available on offer. In this case
you will have to adjust your bet manually using the bet manager in the bottom
half of the screen. The selection colour will return to blue when you have
requested to take the profit ready for your next trade. Please be aware that
the program calculates your profit on your most recent bet, it does not look at
your overall position, and it will only calculate the profit you can make on
each individual trade.
The
odds can go against you in which case a profit is not possible. The potential
profit figure will be displayed in red to show this. In this case you can lock
in a loss. Alternatively you can back or lay the selection to your original
stake. This will result in more liability, but it will only be realised if the
result goes against you. If you are not familiar with this concept then you
should not be using this feature!
If
you place any bets while in trading mode and a selection has an open trade (is
orange or red), it will be assumed that you have taken steps to close the trade
yourself and the selection colour will change back to blue ready for your next
trade.
Ø Override
Odds
Tick
this and the back odds and lay odds on the left hand side of the betting
options will be used instead of the displayed odds. Example: set back odds to
1.01, tick override odds and use in an fast moving in play market such as horse
racing to ensure you get matched at whatever price is available as the
requested odds will be 1.01 (not suggesting this as a strategy though!)
Ø Refresh
Rate
The refresh rate dictates how often the prices are updated on screen. It
is adjustable in increments of 0.1 seconds and the minimum value is 0.2
seconds.
The actual rate that your computer is achieving is displayed just below the
option.
Please note to achieve the very fast rate of 0.2 seconds you will need a
good connection to the internet i.e. reliable ISP and a decent spec PC.
Ø Market
Information