BACKSP Bets Being Cancelled

[jrarmstrong]

I have been experimenting with the BACKSP trigger to fire SP bets 30 seconds before scheduled off using the Place Bets spreadsheet. On a few occasions today bets were placed before off (they appeared in the BA software) but then disappeared when the market was turned in-play. The Bet Ref field was populated but checking my BF account no bet was actually placed.

For most of the races it has worked perfectly but 3 times this happened. Any ideas why this might be?

Thanks

[Captain Sensible]

Were they under the £2 minimum stake for BSP bets? If so they won't go into the BSP reconciliation and just gets cancelled

[jrarmstrong]

No, they were all over the minimum Captain

[GaryRussell]

The odds column specifies the minimum odds you will accept. It could be that the odds you specified were higher than the SP at the off. Otherwise I cannot think of a reason, I am sure it's not a BA issue.

[jrarmstrong]

Thanks guys. The odds parameters were quite wide and not close to the sp. After I posted I read a few reports of bets seemingly being placed on BF with other software but disappearing yesterday so it may be connected to the BF API issues. I will test again today and see how it goes

[dgs2001]

Another thing to look out for, occasionally betfair will cancel some sp bets if they are placed at what becomes the actual sp.

I did have an explanation from betfair for this after having a bet at 30 cancelled on a horse with a BFSP of 30.
Basically they did not have the money available from layers to pay all the backers at 30, but would of had a surplus at lower odds.

In this instance the bets are settled in an as placed order, so the later your bet is placed the more likely this could happen.

Duncan

[jrarmstrong]

Thanks Duncan. At present I am just testing so am using £2 back stakes on one of the first two in the betting so it is probably unlikely that there is insufficient lay money.

The problem has happened again in the two races I have set triggers for today. The SP appears in BA and a bet reference is populated in Excel but the backs are cancelled when turned in play. Scratching my head now!

[Captain Sensible]

What value are you putting in the odds column?

The only reason for BSP bets not to get reconciled would be below minimum stakes or where your odds limits are exceeded. Are you betting in GBP or some other currency?

[jrarmstrong]

Yeah its strange Captain. 5/5 bets have not be reconciled today whereas yesterday it just happened a couple of times.

The odds range is 1.01 to 10 and I am using GBP£2.

[Captain Sensible]

The odds range is 1.01 to 10 and I am using GBP£2.

How are you setting the odds between 1.01 and 10 it's possible your limit has been set higher than the reconciled BSP so they just won't go in the pot.

[milfor]

The minimum for SP bets is £10.

[Captain Sensible]

That's the minimum exposure for laying , milfor. For backing, like jrarmstrong's doing, the minimum is £2

[milfor]

Didn't know that. I am only laying.

[jrarmstrong]

I input the range in the min and max columns in the Place Bets spreadsheet. I have checked the returned SPs and they are all within the range.

Cheers

The odds range is 1.01 to 10 and I am using GBP£2.

How are you setting the odds between 1.01 and 10 it's possible your limit has been set higher than the reconciled BSP so they just won't go in the pot.

[Captain Sensible]

If your odds limit's below the returned BSP and your stakes are the minimum £2 per bet ref I can't see any reason why they're being cancelled. As you're getting a bet ref returned it doesn't seem to be a problem with Gruss either, were there non runners in the markets after your bets were placed?

Only thing to do is keep a note of the bet ref next time it happens and email betfair to ask why it didn't go into the BSP reconciliation. They're usually very quick and concise with response if you email the bdp team.