More Trigger/Modifier questions

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

Moderator: 2020vision

More Trigger/Modifier questions

Postby thunderfoot » Fri Nov 06, 2009 1:44 pm

The Help file shows examples such as :-

BACK-T2-SL5 - Would submit a back bet and once matched a lay bet at 2 ticks lower would be submitted. A stop loss will be set at 5 ticks higher from the back odds and if the odds reach the stop loss odds the stop loss bet will be submitted and the tick offset lay bet will be cancelled. If the offset lay bet is matched then the stop loss will be cancelled.

1) If the BACK bet is partially matched (i.e. £5 out of £10) is the LAY bet based on £5 or £10?
2) Is the 5 tick stop-loss based on the the Last Price Matched or the current available LAY odds.
User avatar
thunderfoot
 
Posts: 270
Joined: Sat Nov 19, 2005 2:52 pm
Location: West Country

Re: More Trigger/Modifier questions

Postby Billm » Thu Apr 12, 2018 4:01 pm

Can I just clarify placing a Stop Loss on a Lay bet in Excel.

Assuming Excel Column R (Odds) has value 20 and Excel Column S (Stake) has value £10:

If I enter Lay-SL10 in Excel Column Q (Trigger) will that enter a Lay order and a Back bet 10 ticks lower if the Lay bet is matched ?

or if I enter Lay-SLF5 in Excel Column Q, will that enter a Lay order and a Back bet at 5 if the Lay bet is matched ?

What would happen if my Lay bet is only partially matched, eg; £8 instead of £10, is the associated Stop Loss the same reduced size ?

thanks
Billm
 
Posts: 6
Joined: Sat Apr 07, 2018 3:35 pm

Re: More Trigger/Modifier questions

Postby MarkRussell » Fri Apr 13, 2018 3:23 pm

Hi,

When using Excel to trigger a Tick Offset bet, if the initial bet is partially matched then the offset bet will be submitted based on the partial match.
For example, if you request £10 and the partial match is £5 then the Tick Offset will use £5 and then if the remaining unmatched gets matched a further offset bet will be submitted.

When you set a Stop Loss whether that's by ticks or fixed odds, you are not actually submitting a bet to Betfair a that time you are just instructing the software to a set a marker at those odds.
If the current market odds reach those odds then the software will submit a bet at 1 tick difference to the current market odds in an attempt to get a match and thereby reduce your loss.
It's quite possible for the odds to jump right past your Stop Loss odds especially In Play but it will use current odds at 1 tick difference.
The amount used for Stop Loss will be based on the amount matched of your initial bet even if that is a partial match.

Regards,
Mark
User avatar
MarkRussell
Site Admin
 
Posts: 1787
Joined: Tue Feb 20, 2007 6:38 pm
Location: Birmingham


Return to Discussion

Who is online

Users browsing this forum: No registered users and 24 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.

cron