about LAY-SP

[lucarello]

Excuse me, I am using the excel trigger for automatizing some trading(back/lay), NOT in play.

Scenario : I have already matched a BACK of 20 at 7.2 odd (profit 124), now the software does this:

Q# cell: LAY-SP
R# cell: 6.2
S# cell: 20


So, I have a command that lays 20 pounds at 6.2 odd, total liability: 104 (20*5.2)

BUT, if the bet is not matched it goes in play as: lay at SP odd with liability of 20.... that is not good for me!

So, as the only way to lay at SP is using LIABILITY, the LAY-SP command becomes useless for me...

Is there a command to back and lay using liability instead of stake (no in play)?

thanks who helps

[Captain Sensible]

If your bet is laid as a LAY-SP bet and unmatched it will be matched in the BSP reconciliation process at the same liability you originally laid not at the stake you laid at i.e.

A £20 laid at 6 will have a liability of £100 if matched at 5 and if matched at SP will still be for a liability of £100. So need need to worry if the BSP ends up at 200/1 it will still have the liability of £100.

With backing it will obviously keep the original stake but laying is always to the original liability not the stake

[lucarello]

sorry, but it is not true, if I have 20 as stake and it goes at SP, my lay will be matched at SP for a TOTAL LOSS of 20, not for 20 stake.. this is the problem

[lucarello]

i think we have said the same thing, but THAT was the original problem of my post..

[Captain Sensible]

sorry, but it is not true, if I have 20 as stake and it goes at SP, my lay will be matched at SP for a TOTAL LOSS of 20, not for 20 stake.. this is the problem

The lay would be matched at SP for whatever your original bets liability was, not to a total loss of £20 (uness the bet was £20@2)

so a lay of £20 @ 6.2 liability £104 matched at say sp 6 would be a lay of £20.80 not a total loss of £20.

Not quite sure what you're getting at. SP lays are always calculated to the liability not stake as you've no idea what the BSP is going to be until it's reconcilied. Betfair don't know what the price is until reconciliation so they can't allow you to say lay @ SP for £20.

There's no way to get an exact lay of £20 at SP until the price is known (so it'll no longer be a bsp bet) and by then things may have changed drastically and you may no logerget matched if you kick in a price in play at the BSP odds.

[Ian]

If it works like lucarello suggests, then that it is bug in the way the trigger is working. Personally I keep well away from BFSP - once bitten, twice shy !!

[lucarello]

thank you Captain for the answer, Probably I misunderstood the HELP section..

I hope it works that way, I have to do some other tries now..

[Kingwizz]

lucarello, maybe I can help. It is possible to place a set stake at Betfair SP as long as the liability is over £10. Basically you need to place a lay bet on the horse you want, but set a ridiculous price that won't be matched (1.01). From here click the "If unmatched - Take SP". As long as your stake * the SP is £10 or over, it will be matched. So say you want to lay a horse for £20 at SP, regardless of price. If the SP is 3/1, you will get £20 * 3/1 matched. Hope this helps.

[lucarello]

yes, thank you, I used the odd 2 so I had not so much calculation to do