Stop Loss as % of overall liability

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Stop Loss as % of overall liability

Postby spliffcity » Thu Jan 27, 2022 6:38 pm

Hi,

A little help please.

I'm placing 3 lay bets into the market each at different odds and stake using excel trigger betting. So e.g.

Laybet 1: £2.5 @ 3.0 = £5 liability
Laybet 2: £5.82 @ 2.72 = £10 liability
Laybet 3: £16.89 @ 2.48 = £25 liability

So total liability overall if all lay bets are matched is £40

What I'm trying to achieve is that if the odds move down and my exit point is greater than 15% of my overall liability, then the stop loss activates.

So in the example above, if my exit point liability is £6

I'm struggling to understand the best way to achieve this.

In the example above, the exit odds manually would be 1.91, but I'm not clear if I set the Stop loss at these fixed odds (with chase) for all 3 bets, will the stake be correct or am I misunderstanding how the stop loss works and I need to manually program this?

Hopefully I've explained myself well enough.

Appreciate any comments or guidance.
spliffcity
 
Posts: 23
Joined: Wed Dec 10, 2008 3:49 pm

Re: Stop Loss as % of overall liability

Postby BobbyCheese74 » Tue Feb 22, 2022 5:06 pm

I'm a newbie, unable to help as getting my head around stuff.

I noticed these forums are not much help, seems to be here's the software get on with it. Try to find some videos or have a look on the FAQs.
BobbyCheese74
 
Posts: 1
Joined: Tue Feb 22, 2022 5:03 pm


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