Sliding?

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Sliding?

Postby andak fedal » Thu Apr 23, 2009 8:14 pm

Can someone explain sliding for me please?

I'm starting to understand the betting options now but still a bit unsure about how sliding works.

The help file isn't as bad as I thought on second read!

Thanks :)
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Postby GaryRussell » Thu Apr 23, 2009 8:47 pm

The following is taken from the help file which explains "sliding".


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)

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Postby andak fedal » Thu Apr 23, 2009 8:59 pm

Got it now Mark has explained via email - apologies for so many q's.
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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.