Thursday May 23 , 2013

Articles

How can I green after dutching or greening? Column shows 'n/a'

Settings Editor - Behaviour Tab


When using the dutching or bookmaking features of Bet Angel, you are trying to realise a profit by taking advantage of a book over-round or under-round in your favour.

You are not realising a profit by closing a trade. The reason that it is not applicable when bookmaking and dutching is that you haven’t actually got ‘open trades’, you’ve got an incomplete book. i.e. If you’re dutching a six runner field and get four of the six back bets matched, the correct way to complete the book is to adjust the price of the back bets on the other runners so that they are also matched. The greening routine would see the four matched back bets as four open trades and so place four lay bets to close the positions and green-up. This is not what you intended, you wanted to place six back bets to dutch the book, not place four back & lay trades.

The greening column on the one click screen will close trades in order to realise a profit or loss for each selection in a market - a different strategy to bookmaking or dutching.

Using it to exit a bookmaking or dutching session is inefficient and can be dangerous if you have repeatedly used the bookmaking feature in one market. For example, you may require a large amount of money to exit an indivdual bookmaking bet. If the market cannot stand this amount it is likely you will not exit all positions and may end up in a losing situation.

However, many users have requested that they be able to use the greening column after using the bookmaking or dutching features so we have removed the restriction if this checkbox is unchecked.

Useful information

  • Open Bet Angel Professional User Guide
  • Open Soccer Mystic User Guide