Error - Account Exceeded Exposure Limit or Available to...

[micjrc]

Evening All,

I'm pretty new to Bet Angel Guardian. I purchased it so that I could place automated trades on the shortening of horses prices from morning to SP (which I have been doing for some time manually on betfair). I have come across a problem I cannot understand - here's the story:

The idea is to back a horse in the morning (£200) and green out before the off. I have had some issues in my first couple of weeks using Guardian (while in practice mode) but have found the answers by searching the forum. My main issue was being unable to green out due to the liability of the green-out bet being over £1k, even if it serves just to close out a trade. Anyway you get a message like this:
Your liability would be £1,115.28 which exceeds your maximum liability setting of £1,000.00.
which is different from my new problem, which just happened in real mode.

My solution was to lay off the bet in 10 x £20 stages in 10 second intervals from four mins before the race start time. While this could potentially over-lay the trade, it would then be followed by a green all two minutes before the off, which would be within any max liability settings.

Here's the log of my new issue:

07:00:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.58.
07:20:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.42.
07:40:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.41.
08:00:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.6.
08:20:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.56.
08:40:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.46.
09:00:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.65.
09:20:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 5.88.
09:40:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 6.15.
10:00:00: £ 20 Back bet placed on Broxbourne at 1.01. Fully matched at 6.4.
16:45:59: £ 20 Lay bet placed on Broxbourne at 48. Fully matched at 9.
16:46:09: £ 20 Lay bet placed on Broxbourne at 48. Fully matched at 9.
16:46:19: £ 20 Lay bet placed on Broxbourne at 48. Fully matched at 9.2.
16:46:29: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:46:39: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:46:49: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:46:59: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:47:09: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:47:19: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:47:29: Unable to place bet on Broxbourne at 48. Account Exceeded Exposure Limit or Available to Bet Balance
16:47:59: Greened up Broxbourne by Laying 51.99 at 10.5

I set the lay bet at 48 so that the standalone-liability would be £20 x 48 = £960 (ie less than £1k). Why does the lay bet work three times and then fail?? I had £416 in my account before this trade or £216 after the back bets were made. The price during these failed lays was between 9.2 and 10.5. Fortunately the green all worked and I got out for a loss of £88 but I am quite confused by why lay bets 4-10 failed. My exposure at no single point nor within any single bet is greater than £200.

Any help would be much appreciated! Also, I know this was a bad call...

[6thSense]

It's a setting.

Click on the spanner icon or click on 'Settings' at the top then 'Edit settings'.

This will open up the settings editor.

Then click on the 'Staking' tab.

You can adjust your maximum liability in there.

Save to a settings profile. Remember to select that profile in the login screen the next time you log in otherwise Bet Angel will revert to the current profile.

See here - http://www.betangel.com/user-guide/stak ... ility.html

[Wyndon]

Isn't the exposure limit a Betfair thing? You see it at the top right hand corner of the account summary page. I think it's meant for your own protection - so Betfair should be willing to raise it to any amount you wish. I re all having mine raised in the dim and distant past.

[6thSense]

It is true there is also a Betfair exposure limit. This is different to the limit set in the software.

The Betfair limit is set to £5000 as a default from what I remember.

[micjrc]

Cheers for the replies but they don't really answer my query.

I totally get the max exposure limit point but I can't see how I even got close to it.

[mugsgame]

Your back bets total £1028 on this horse plus your remaining stake of £216 = £1244
This is the total you can lay to.

The lay bets start to get matched
the first 3 are matched and your balance is now £760
£216 (account balance) + £1028(profit of back bets) - £160 (£20 x 9.0), -£160(£20 x 9.0) and £164(£20 x9.2) which are the 1st 3 lay bets that are matched. Thats £544 left in profit on your runner PLUS you account balance of £216 = £760
When the 4th Laybet is triggered you are asking for £20 at 48
£20 x 47 = £940
You don't have enough money to lay at the requested price as you only have Your profit left on the runner plus what's left of your balance.
The solution is to either have more money in your account or fire the lay bet in at a lower price.

That's how I see it anyway. Hope this helps

[Euler]

You get this if you a placing multiple bets at once. Betfair freaks out for want of a better word and can't work out your exposure, so just throws an error.

[micjrc]

Mugsgame, bang on! I guess I was thinking of the 4th laybet as being requested at the real lay price as opposed to the massive 48 figure I was using. It's so obvious once you know the answer!

My solution is to use a lower figure to request my lay bet. Perhaps 20 or 4x the original back price. I'll also keep more cash in my account.

Will also consider implementing stop losses into my system as I further get to grips with Guardian.