Betdaq XSP via Excel

[MollyMoo]

If using the LAYSP trigger in Excel to issue a bet at Betdaq, is it the same as with Betfair where the Liability rather than the Stake should be entered in the Stake cell?

[MollyMoo]

Anybody? Can't find the answer in Gruss documentation, Betdaq website or the Forum.

[Deestar]

Yes, the excel triggers/stake work the same with Betdaq XSP as they do with Betfair SP.

[MarkRussell]

Hi,

Betdaq's SP offering is not the same as Betfair's in that you can't bet straight into the SP Pool.

Their offering allows you to have an unmatched bet matched at XSP if it is still unmatched at the off.

So LAYSP is not a valid trigger, it would simply place a normal lay bet.

You can use LAY-SP which will then place the lay bet which if unmatched at the off will be matched at XSP.
Betdaq will use your originally liability (or as close to it as possible) when they match you at the XSP odds.

Regards,
Mark

[MollyMoo]

Thanks, guys. That makes it perfectly clear.

[MollyMoo]

So I'm finding Betdaq is a little confusing regarding the lay at SP feature.

If I submit in Excel a trigger of LAY-SP, and put an amount of 10 in the stake column, if the lay bet is matched before the off, it will place the bet with a stake of £10. Whereas Betfair places the bet with a liability of £10.

If the race goes in-play with the lay bet unmatched, does it still place the bet with a stake of £10, or does it convert it to a liability of £10? And what happens if the lay bet is partially matched?

[MarkRussell]

Hi,

On Betfair you can use LAYSP but not on Betdaq.

With regards to using LAY-SP, Betfair and Betdaq operate in the same way but is different to LAYSP
Basically you are placing a normal lay bet which will be available to be matched before the off but if still unmatched at the off will be matched at the SP odds.
So for example, let's say I put an order in to lay at odds of 1.5 using a stake of £5 and using the trigger LAY-SP
If matched before the off my liability is £2.50 and my potential profit is £5
If not matched before the off and therefore matched at SP, then my liability will remain at £2.50 but the stake used will be re-calculated based on the SP odds.
So let's say the SP odds turn out to be 2.8, Betdaq will re-calculate the stake as £1.39 to keep the liability at £2.50, obviously reducing the potential profit to £1.39

Regards,
Mark

[MollyMoo]

Thanks, Mark.