How do you limit your exposure

[Kurtz]

I'm using a rules file I knocked up myself.

Pretty simple, Lay the Fav if it's odds are below 2.0.

Lay is placed 15 mins before Kick Off.
Parameter. Place at Best Market price, FIxed amount £50.
Condition - Back Price is less than 2.00

Somehow the lay was placed at 6.26

This is a much higher exposure than I was expecting, for a £50 stake it was over £260.

Been running it for a few months now, no problem.

Then this


Have to figure out how to do images, link is
https://drive.google.com/file/d/1Jpp_ZH ... sp=sharing

It's early days for me with automation and I'm just wondering what I can do to protect myself against these sort of spikes?


I'm still not sure why the Back price condition didn't protect me, as it doesn't look like the odds ever went below 2.00.

Any advice appreciated.

[jimibt]

<r>I'm using a rules file I knocked up myself.<br/>
<br/>
Pretty simple, Lay the Fav if it's odds are below 2.0.<br/>
<br/>
Lay is placed 15 mins before Kick Off.<br/>
Parameter. Place at Best Market price, FIxed amount £50.<br/>
Condition - Back Price is less than 2.00<br/>
<br/>
Somehow the lay was placed at 6.26<br/>
<br/>
This is a much higher exposure than I was expecting, for a £50 stake it was over £260.<br/>
<br/>
Been running it for a few months now, no problem.<br/>
<br/>
Then this<br/>
<br/>
It's early days for me with automation and I'm just wondering what I can do to protect myself against these sort of spikes?<br/>
<br/>

I'm still not sure why the Back price condition didn't protect me, as it doesn't look like the odds ever went below 2.00.<br/>
<br/>
Any advice appreciated.<br/>
<br/>

you need to lay by liability, rather than to a Fixed Stake. That way, should there by low liquidity or some other scenario that skews the odds, you are not going to end up taking lay bets beyond the £50 liability mark. Also, you should maybe add a condition that looks at the market volume, as well as the gap between the back and lay price.

it sounds like this could be the victim of low volume markets pushing you out to higher odds, trapping that by placing on liability should fix that.

[Dallas]

Also test the 'Lay Price'

A runner could have a back price of 1.25 and a lay price of 500

[Kurtz]

OK thanks jimibt and Dallas

Better get on and add few more conditions.

Annoying to start the month on the back foot but another lesson learned.

[NickH]

you need to lay by liability, rather than to a Fixed Stake. That way, should there by low liquidity or some other scenario that skews the odds, you are not going to end up taking lay bets beyond the £50 liability mark. Also, you should maybe add a condition that looks at the market volume, as well as the gap between the back and lay price.

it sounds like this could be the victim of low volume markets pushing you out to higher odds, trapping that by placing on liability should fix that.

What would be the condition to use for the gap between back and lay price? Have been looking for this one for quite some time, but there is no standard one right?

[MemphisFlash]

Capture.jpg

this is what you need, then change the number of ticks to however big you want the gap i.e. 3, 4, 5 ticks difference

[NickH]

Thank you!

[jimibt]

Capture.jpg


this is what you need, then change the number of ticks to however big you want the gap i.e. 3, 4, 5 ticks difference

Memphis, i think the condition you suggest is slightly wrong. you should be testing for:

Back Odds
GREATER THAN
Lay Odds
MINUS 3 TICKS

etc...

that way, you are testing that the back odds and lay odds are within 2 ticks of one another.

[MemphisFlash]

i think both produce the same end result, so its a personal choice.

[jimibt]

i think both produce the same end result, so its a personal choice.

they don't



your version will look for the gap between the back and lay to be GREATER than the ticks defined - i.e. a widening gap. my edit looks to ensure that the odds are confined within a narrow gap of no more than 3 ticks.

no wonder you're winning so much on the dogs, you've got hookie logic in your rules -seems to work tho -lol

[MemphisFlash]

why are the images not showing?

[greenmark]

why are the images not showing?

I can see it. Are you not logged in?

[Jukebox]

why are the images not showing?

It might not be age appropriate - ask your parents to check settings.

[jimibt]

why are the images not showing?

It might not be age appropriate - ask your parents to check settings.