Horse racing in-play laying with stop loss
Posted in From My Inbox by StefanBelo
Hello Stefan! I have a question but my English is not good so try to understand me please :-) I would like place LAY 2,1 on any horse in racing IN PLAY but only one horse Then I would like set the stop loss at 1,6 for example: tomorrow Warwick 14:55 racing is IN PLAY and Azure Mist run first then bot place LAY 2,1 for 10$ and Azure reach 1,6 In this moment I would like distribute evenly my loss so, bot can place this 1,6 for 13$ ? Is this possible?
If possible please tell me what I must do in Bot Executor? I apologize one more time if you don’t understand :-) Thank You!
Well the question is what is the one horse you want to place your bet on at in-play? Will you select it manually or you want to be selected automatically, for instance favorite at in-play reaching lay odds 2.1?
You can use bot: Place Bet and Close Position utilizing its close position feature, in your case you want to close at loss, and you do not want to close at profit so you simply set unrealistic odds difference to close at profit, so the bot will never close at profit leaving your full position on lay.
Monday, August 31, 2009
.
hello!
Thanks for answer!
I would like to selected automatically when any horse reached 2.1 when event is IN PLAY ( but only one horse, who first reached 2.1) and stop loss at 1.6.
Please, help me step by step! :-)
northtoro
Monday, August 31, 2009
Actually you have got step by step tutorials on the web page I had pointed to. You say you want to place lay bet on first horse who reaches 2.1 during in-play, what means you want to lay favorite, so this way you have to instruct your bot.
I have prepared bot criteria setting for Place Bet and Close Position bot, you can download and import into your Bot Executor. You should change your stake.
If favorite is offered <= 2.1 the bot places lay bet at 2.1, stop loss is set to 30% of your liability. You can execute this betfair bot manually after market is turned at in-play or anytime if no horse is offered under triggered criteria <= 2.1.
You can run this bot on all UK horse racing markets using the tool: Trade Opportunity Lookup Service (TOLS).
It is possible to create custom bot for TOLS, which would execute exactly what you want but that is more work then just setting bot criteria using the Bot Executor. You can post your betfair specification to Betfair bot for this week.
Tuesday, September 01, 2009
Thanks for prepared bot criteria - now I see and understand :-)
All the best,
northtoro