Bet Angel for newbies / Getting started : GETTING CLOSE TO BSP

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cwalton
Posts: 1
Joined: Tue Aug 06, 2019 8:28 am

Sat Oct 17, 2020 8:47 am

Im betting after the race has started and want to get close to BSP as possible. Is there a technique for getting higher odds etc. Someone said something about staggering bets with some at 125% bsp and getting it inplay. Does anyone know a technique that is good pls?

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Dallas
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Sat Oct 17, 2020 7:56 pm

If you want to back at BSP in-play you could just place your bet at those odds, if better are available you'll be matched at them, if not your bet will wait unmatched at BSP, to either be matched or until you cancel it

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megarain
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Sun Oct 18, 2020 6:32 am

Dallas wrote:
Sat Oct 17, 2020 7:56 pm
If you want to back at BSP in-play you could just place your bet at those odds, if better are available you'll be matched at them, if not your bet will wait unmatched at BSP, to either be matched or until you cancel it

From the Betfair rules explanation :

Can I cancel or amend my SP bet?

It is not possible for you to cancel a bet you have placed on the site at SP. This is so that we can provide an estimate of the Starting Price based on money committed to betting at SP. If bets could be cancelled, this estimate could be manipulated by placing a large bet and then cancelling it. If, however, you have an unmatched Exchange bet with the option “Take SP” selected you can still cancel this up until the time of the off.

If you have specified a limit on your SP back bet you can reduce the minimum odds you are prepared to accept. If you have specified a limit on your lay SP bet you can increase the maximum odds you are prepared to offer. You will not be allowed to increase the odds on a limit SP back bet, or reduce the odds on a limit SP lay bet as this would allow customers to amend their bets to levels that would be highly unlikely to be matched, which would have the same effect as cancelling which is not allowed, as explained above.


So, you cant cancel any bet placed at BSP.

Anbell
Posts: 728
Joined: Fri Apr 05, 2019 2:31 am

Sun Oct 18, 2020 6:41 am

megarain wrote:
Sun Oct 18, 2020 6:32 am
Dallas wrote:
Sat Oct 17, 2020 7:56 pm
If you want to back at BSP in-play you could just place your bet at those odds, if better are available you'll be matched at them, if not your bet will wait unmatched at BSP, to either be matched or until you cancel it

From the Betfair rules explanation :

Can I cancel or amend my SP bet?

It is not possible for you to cancel a bet you have placed on the site at SP. This is so that we can provide an estimate of the Starting Price based on money committed to betting at SP. If bets could be cancelled, this estimate could be manipulated by placing a large bet and then cancelling it. If, however, you have an unmatched Exchange bet with the option “Take SP” selected you can still cancel this up until the time of the off.

If you have specified a limit on your SP back bet you can reduce the minimum odds you are prepared to accept. If you have specified a limit on your lay SP bet you can increase the maximum odds you are prepared to offer. You will not be allowed to increase the odds on a limit SP back bet, or reduce the odds on a limit SP lay bet as this would allow customers to amend their bets to levels that would be highly unlikely to be matched, which would have the same effect as cancelling which is not allowed, as explained above.


So, you cant cancel any bet placed at BSP.
Dallas is recommending that the bet be placed IP at a price=BSP, so it can be cancelled.

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rik
Posts: 1012
Joined: Sat Jan 25, 2014 5:16 am
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Sun Oct 18, 2020 6:52 am

problem of placing an inplay bet at BSP is the horse gets off to a good start there is a chance you never get matched at BSP on a winning horse or the opposite for a lay bet on a losing horse

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megarain
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Sun Oct 18, 2020 6:55 am

Thx - I didn't know u could do that.

Presumably, the BSP is available a few secs after the start - so some care needs to be taken multiple bets are not submitted.

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rik
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Sun Oct 18, 2020 8:15 am

megarain wrote:
Sun Oct 18, 2020 6:55 am
Thx - I didn't know u could do that.

Presumably, the BSP is available a few secs after the start - so some care needs to be taken multiple bets are not submitted.
?? how can BSP be available a few seconds after the start, doesnt make sense, any additional bets placed would alter the price

Anbell
Posts: 728
Joined: Fri Apr 05, 2019 2:31 am

Sun Oct 18, 2020 8:28 am

rik wrote:
Sun Oct 18, 2020 8:15 am
megarain wrote:
Sun Oct 18, 2020 6:55 am
Thx - I didn't know u could do that.

Presumably, the BSP is available a few secs after the start - so some care needs to be taken multiple bets are not submitted.
?? how can BSP be available a few seconds after the start, doesnt make sense, any additional bets placed would alter the price
The bets dont go into BSP reconciliation.

A few seconds after the jump, BA knows the BSP, and there is a feature in BA where you can place a bet AT THE BSP PRICE

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rik
Posts: 1012
Joined: Sat Jan 25, 2014 5:16 am
Location: London

Sun Oct 18, 2020 8:29 am

Anbell wrote:
Sun Oct 18, 2020 8:28 am
rik wrote:
Sun Oct 18, 2020 8:15 am
megarain wrote:
Sun Oct 18, 2020 6:55 am
Thx - I didn't know u could do that.

Presumably, the BSP is available a few secs after the start - so some care needs to be taken multiple bets are not submitted.
?? how can BSP be available a few seconds after the start, doesnt make sense, any additional bets placed would alter the price
The bets dont go into BSP reconciliation.

A few seconds after the jump, BA knows the BSP, and there is a feature in BA where you can place a bet AT THE BSP PRICE
ah ok, but no guarantee to get matched..

Anbell
Posts: 728
Joined: Fri Apr 05, 2019 2:31 am

Sun Oct 18, 2020 9:20 am

rik wrote:
Sun Oct 18, 2020 8:29 am
Anbell wrote:
Sun Oct 18, 2020 8:28 am
rik wrote:
Sun Oct 18, 2020 8:15 am


?? how can BSP be available a few seconds after the start, doesnt make sense, any additional bets placed would alter the price
The bets dont go into BSP reconciliation.

A few seconds after the jump, BA knows the BSP, and there is a feature in BA where you can place a bet AT THE BSP PRICE
ah ok, but no guarantee to get matched..
Exactly, but there's always the risk of adverse selection, as you say.

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