Stop Loss

[jonboysez]

Hi - I've been using BA for a while now but only just started using some of the more "exotic" capabilities of this program so apologies for any stupid questions I may ask! Does the stop loss feature in Betting options only work with in-play markets? I know this might sound obvious but it actually allows me to set a stop loss on the FTSE 20 min market (the cancel stop loss button goes red, suggesting that it has been turned on, but I believe this market has no in-play facility? I set up a tick offset at 50% and a stop loss at odds 4.0, then I manually placed a back bet at 1.98 and got matched immediately and the offset lay bet was immediately fired in (unmatched of course). I left my computer on with the market left open and went to work. When the market had gone in-play I watched on works computer - the back price went above 3 then above 4 but no stop loss was fired in - obviously if it doesnt work on a non-inplay market then that is my answer, but I was also wondering - the help guide states that the lay bet would be fired in at just 1 tick above my stop loss figure chosen - its never going to match exactly is it? So if back odds went to say 5 and lay odds could be a lot higher say 10 it obviously wouldnt match - does that mean the lay odds would need to come back down below 4.1 for the stop loss to fire (assuming of course it was an in-play market like horses)?

[jonboysez]

Been trying tick offset and stop loss on the horses and it works fine (after Betfairs compulsory delay) - so will stick to the horses from now on!

[GaryRussell]

Hi - I've been using BA for a while now but only just started using some of the more "exotic" capabilities of this program so apologies for any stupid questions I may ask! Does the stop loss feature in Betting options only work with in-play markets? I know this might sound obvious but it actually allows me to set a stop loss on the FTSE 20 min market (the cancel stop loss button goes red, suggesting that it has been turned on, but I believe this market has no in-play facility? I set up a tick offset at 50% and a stop loss at odds 4.0, then I manually placed a back bet at 1.98 and got matched immediately and the offset lay bet was immediately fired in (unmatched of course). I left my computer on with the market left open and went to work. When the market had gone in-play I watched on works computer - the back price went above 3 then above 4 but no stop loss was fired in - obviously if it doesnt work on a non-inplay market then that is my answer, but I was also wondering - the help guide states that the lay bet would be fired in at just 1 tick above my stop loss figure chosen - its never going to match exactly is it? So if back odds went to say 5 and lay odds could be a lot higher say 10 it obviously wouldnt match - does that mean the lay odds would need to come back down below 4.1 for the stop loss to fire (assuming of course it was an in-play market like horses)?

It does not make any difference if the market is in play or not. Did you tick "Level loss"? It might be that you didn't use this option and you didn't notice the following from the user guide.

If your initial bet is a back bet and therefore your Stop Loss will be a lay bet it will not be submitted if the lay odds are more than double of the original back bet, i.e. the the loss generated by the stop loss cannot be more than the potential profit from the back bet.

ie. in your case the stop loss could never fire because 4 is more than the max odds of 2.96 = ((1.98 - 1) X 2) + 1.

[jonboysez]

Ahhh think you are right - I did read that rule but it obviously didn't register with me oops!