Laying SP

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Laying SP

Postby Kingston Town » Wed Dec 28, 2011 3:05 am

Hi all, I want to LAY at SP but only if the SP is within a certain range.

What formula for the odds column would I need and what trigger?

Thanks
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Re: Laying SP

Postby MarkRussell » Wed Dec 28, 2011 11:37 am

Kingston Town wrote:Hi all, I want to LAY at SP but only if the SP is within a certain range.

What formula for the odds column would I need and what trigger?

Thanks


Hi,

You can use the LAYSP trigger but you can only specify the maximum odds that you are prepared to accept which is what you put in the trigger odds column.
In the trigger stake column put the liability for the lay bet which must be a minimum of £10 or currency equivelant for Betfair to accept it.

The other option is to wait until the SP price has been resolved just after in play and then you can decide whether the odds are in your range using an IF statement in the trigger column.
If you go for this option you will need to output the SP from the additional columns list when you first start logging to Excel and you will need to monitor for when the market is turned in play.

Regards,
Mark
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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.