Laying At A Bigger Price On Betfair

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Laying At A Bigger Price On Betfair

Postby JohnOliver » Fri Apr 14, 2017 6:24 pm

Can i use the GRUSS Software to lay a horse at a bigger
price than what is on offer.
If a horse is 5.0 to lay,could i place a lay bet at 20.00
that would be unmatched until the price drifted.
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Re: Laying At A Bigger Price On Betfair

Postby MarkRussell » Sat Apr 15, 2017 10:30 am

Hi,

Sorry you can't do that because of Betfair's "Best Execution" applied to matching.
So if the best lay price is currently 5.0 and you request a lay bet at 20.0 Betfair will immediately match you at 5.0 being the best price on offer.
The only thing you can do is wait for the price to drift to 20.0 and then send your bet request.
You can get the software to do that for you using the Conditional Bet feature.

Regards,
Mark
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Re: Laying At A Bigger Price On Betfair

Postby JohnOliver » Sat Apr 15, 2017 12:16 pm

Thanks For The Reply Mark,
If i wait for the price to drift will there be a delay in the bet being placed like
there is on Betfair or will it be placed instantly.
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Re: Laying At A Bigger Price On Betfair

Postby Captain Sensible » Sat Apr 15, 2017 1:38 pm

JohnOliver wrote:Thanks For The Reply Mark,
If i wait for the price to drift will there be a delay in the bet being placed like
there is on Betfair or will it be placed instantly.


If the market is inplay you'll still have to wait out the delay before the market is available for matching on the market. Pre off everything is sent instantly.
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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.

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