Stop Loss help Req please

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Stop Loss help Req please

Postby tom24 » Thu Sep 20, 2012 5:18 pm

Hi, I am laying certain horses, some are matched, some left to match either in play or before race. I am having problems putting the right Stop Loss settings in for what I need to happen.

What I want is that if I lay a horse and it is matched at the price I have requested whether in or out of play, I want to set a stop loss to come in play if the price REDUCES by 51% of the lay price I have been matched at. I put just under half the requested lay odds in the Stop Loss box as a stop loss figure.

Can anyone explain to me what settings I need to use as I have been putting the stop loss odds at half my requested price and some selections are being backed at higher prices, i.e, matched lay at 20.0 but backed in stop loss at 27, matched at 10.0, backed at 25.0 for a ridiculous amount if it actually went and won.

I am prepared to take the loss if price reduces by just under half, but cannot understand why the stop loss is backing at 27 when I have layed at 20, and that is just one example, it has done it quite a few times.

Any ideas what I am doing wrong, thanks, Tom
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Postby tom24 » Sat Sep 22, 2012 8:14 pm

Anyone?
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Postby GaryRussell » Mon Sep 24, 2012 10:30 am

The odds must have gone down to the odds you specified or the stop loss would not have been triggered.

It can't be requesting those higher prices, it's just getting matched at higher prices. If better odds are available by the time they process the bet then you will get matched at better odds. Next time it happens check the transaction log under the account menu to see the odds actually requested.
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