Greening Up

[adrian456]

HI,

I may have missed it but have gone through the forum and am looking for a function to spread my trade.

If say i built up some nice profit trading on one outcome with maybe a horse winning or particular result in football and then i want to spread that over other possible outcomes so that the profit is even against all, is there a function that allows me to do this??

Thanks in advance

[The Gambling Monkey]

Yes.

Look at the green Lvl Profit column at the right-hand side of the "Betting Assistant".

If you can't see it the make sure you have it ticked under 'Options' ---> 'Preferences' and then tick 'Trading Mode' in the "Betting Assistant".

[adrian456]

I can see the level of profit going up and down according to the current lay price but would that involve me calculating how much money i need to lay or will it spread my profit across all results??

if i back and lay for the same amount e.g £100 back @ 3.2 and £100 lay @ 3.00 then I will have £20 free bet on one outcome but i want it spread across other results.

Does the level profit do this??

[The Gambling Monkey]

Yes, It will spread your profit across all selections when you 'click' the green square.

[PeteB]

And if you ever want to do it manually, the formula is easy

Lay stake = back stake * (back odds / lay odds)

so your lay stake will be a bit bigger than your back stake if you are locking in a profit (and a bit smaller if you are trying to stop a loss and have to make a lay bet at higher odds than your back bet)

The software will allow you take the best lay price available with one click - but sometimes you may want lay at a certain price and leave it to get matched - this will let you know how much to stake at that price.

[PeteB]

So for your example:

Back £100 @ 3.2
Lay @ 3: stake = 100 * 3.2 / 3 = £106.67

So a profit of £6.67 whatever the outcome


What I like about this is that the expected value is the same as the free bet, but you have eliminated the need for a bank to ride a losing sequence:
If we reckon the fair odds are now 3, and we lay £100 @ 3, then we expect £20 profit one race in three = expected £20 * 33.33% = £6.67
If we lay £106.67 @ 3, we have a 100% chance of £6.67

So if we can pull this off 100 times, we should make £666.67 either way, but in the first example we may have lost our bank before we do it, in the second, we only need a bank of £100.

[PeteB]

Actually forget that - the free bet eliminates the need for a bank too - but the money comes in in lumps rather than every race...

Leaving the back bet to run should also get you £666.67 over 100 races, but you would need a big bank for that!

[Mitch]

Strike me down if I'm wrong, but I don't think the lvl profit button works like that. What I mean is it won't work after you have placed both bets to get your free bet.
If you back first, you use the lvl profit button to make your lay, with the program working out the stake for level profit across all runners.

The figure in the green square is the level profit (or loss) you could make by offsetting the last bet you made, so if you back, then lay, manually, the lvl profit button will be showing the potential profit to be made by trading the lay bet you just made. If you click the button it will place a back.

I hope that makes sense, and that I'm at least partially right.

[adrian456]

I've used bet angel basic in the past and that allowed you to build up a profit then when your happy with that spread it across all outcomes.

Betting Assistant gives me what i need and keeps me disciplined by spreading the profit rather than keeping it all on one outcome and trying a free bet.

Cheers for all the help.

[one cool dog]

This is quite interesting, and something I was not aware of.

If I believe a horse is going to move in the market and I bet like this -


£10 win at 20.0

and the price contracts to let's say 15.0

are we saying that there is a button we can press that, rather than giving me a £50 free bet, I can click on something to insure a profit whatever the outcome.

Can someone give me a written example if it is possible. I thought clicking the green button just laid your bet off, although the sums do look very small. Is that sum what I would win no matter the outcome?

[one cool dog]

Hi again

I have done some testing with this, with penny stakes, and I don't seem to have grasped this above, as when ever I click the button with the moving number, it just seems to lay the bet off.

A working example was last night - with a bigger stake.

I laid Reunite at 2.02 for £21 and it drifted out to 2.2 at one stage, and in the green column at the end of her name, it flashed up £1.

Does that mean that had I clicked the green button at that stage, every horse would have won me a £1 or would I have won a £1 on Reunite only if I pressed the green button? If that is the case, why would you not just use the lay button?

If, as it did, Reunite went to about 1.9 and showed a red minus figure, what happens if I click the green button?



I should have just clicked the green button when Reunite went 2.2 to find out, but I didn't as, at the moment, I have not got loads of money to waste - I did get out of the bet as she won!!.

I watched the demo vids last night and couldn't really get to grips with understanding it, as he works with both being minus figures.

So, simplistically, if I was to click the green button, given the above example, would I have won a pound for every horse or would I have just won a £1 for Reunite - my maths is dreadful but it does not seem the latter is likely considering the odds and the price drift. Can anyone do a screenshot if they have one as well of an all-green book using that method.

Cheers

[one cool dog]

I've added my own screenshot for an example.

If I was to click on the green button here, would all horses lose me -0.66p no matter the outcome? Does it also mean that £12.17 gets returned to my account or does it just mean that Secret Assassin would lose me .66p and all the others would be 0?

If the graphic showed (+)0.66p, and i clicked the green button, would all horses show .66p profit?

How great would that be if it automated a profit across the board if you correctly guessed a market movement. From the top of the thread it seems that it could be the case, but Id love to see or hear of a working example.

Cheers

[The Gambling Monkey]

Yes, you would lose 66p on each selection.

[GeorgeUK]

OCD

as TGM says - you would be losing 0.66 on each selection as per your screenshot.

I was wondering, what happens on BT if you have layed say the 1st and 2nd horse?
Does the Greenup function still work? Or is it only for one selection?

Just curious because we figured out how to do it in excel and i was going to (eventually) code a workbook so it would have 2 buttons on it. One for backing, One for Laying. There would be a different profit/loss depending on which option you took and also a different number of bets to be made (which are never guaranteed to be accepted)
http://gruss-software.co.uk/forum/viewt ... ight=#3152

So, i was wondering does the Trader do this on the main screen or do strange things start happening like an uneven profit/loss across the selections.

[one cool dog]

Cheers guys as always, great place this -

When you say I lose .66p, does that mean that £12.17 goes back into my account?

The reason I ask, as in-running, if I am on a loser, or think I am, will clicking that button spread the loss across horses?

i.e.

Reunite looks like she's going to win in-running, its showing as -£21 if she loses, but the trading 'green column' shows something like -£3.45. If I clicked that, would all horses lose me £3.45 and the £17 odd get returned to my account? It sounds as though it obviously would, but need 100% proof. This would be a massive help if it did.

I've got my screenshot again -







So presumably, clicking the green button will sceure a £2.55 win on every horse? I have cheated and worked it out on a heding calculator, and it seemed exactly right.


As always, cheers for your help and understanding.