To 'tick' or not to 'tick'

Discuss anything related to using the program (eg. triggered betting tactics)

Moderator: 2020vision

To 'tick' or not to 'tick'

Postby thunderfoot » Wed Dec 07, 2005 1:58 pm

Probably telling a lot of you what you already know ... but to those that don't ....

On most 'tick' (scalping) trading systems you have a 'stop-loss', usually 2 or 3 ticks. But when you're trading at certain Odds the monetary losses can be greater than you expect, if you don't know the Odds increments that Betfair uses.

For example;
1) You make a Back bet of £100 at odds of 2.50; 2 ticks in the right direction and you Lay at 2.46 and you make a profit of £1.63; 2 ticks in the wrong direction and you Lay at 2.54 and you make a loss of £1.57 .... about the same Profit/Loss for a 2 tick movement. Not to bad.

2) You make a Back bet of £100 at odds of 2.98; 2 ticks in the right direction and you Lay at 2.94 and you make a profit of £1.36; 2 ticks in the wrong direction and you Lay at 3.05 and you make a loss of £2.30 .... nearly twice as much loss as there is profit.

Why the bigger loss in 2) .... because above Odds of 3.0 the increment movement is 0.05; 3.0 to 2.0 the increment is 0.02.

Mind you, this is only to your disadvantage if you are Backing first. If you are Laying first then "this message will self distruct in 10 seconds" :wink: .... if you are Laying then it works to your advantage i.e. Lay at 2.98 and Back at 3.05 returns a profit of £2.30 whilst Lay at 2.98 and Back at 2.94 returns a loss of £1.36.

Betfair Increments
Odds ............. Increment
Upto 2.0 ............. 0.01
2.0 to 3.0 ........... 0.02
3.0 to 4.0 ........... 0.05
4.0 to 6.0 ........... 0.10
6.0 to 10.0 ......... 0.20

10.0 and above .... you'll probably not be trading at those levels anyway!!! :D
User avatar
thunderfoot
 
Posts: 270
Joined: Sat Nov 19, 2005 2:52 pm
Location: West Country

Return to Discussion

Who is online

Users browsing this forum: No registered users and 15 guests

Sports betting software from Gruss Software


The strength of Gruss Software is that it’s been designed by one of you, a frustrated sports punter, and then developed by listening to dozens of like-minded enthusiasts.

Gruss is owned and run by brothers Gary and Mark Russell. Gary discovered Betfair in 2004 and soon realised that using bespoke software to place bets was much more efficient than merely placing them through the website.

Gary built his own software and then enhanced its features after trialling it through other Betfair users and reacting to their improvement ideas, something that still happens today.

He started making a small monthly charge so he could work on it full-time and then recruited Mark to help develop the products and Gruss Software was born.

We think it’s the best of its kind and so do a lot of our customers. But you can never stand still in this game and we’ll continue to improve the software if any more great ideas emerge.