Back or Lay using Money Waiting as your Stake Servant

[Guesst]

It will place whatever the amount waiting is at the price you select, in practice mode because it doesn't actually match the bet it will keep placing that same stake until the amount waiting changes.

Ok yes I understand it keeps laying in practice mode previous race laid 100 bets


But what I don't understand and i think its doing it wrong is the liquidity amount for the race was 2k and 5k on average but was only placing $2.86 stake per lay bet (Lay price i entered was 2.86) so Lay stake is copying the price which its not meant to do i think?


So whatever the price i set to lay a horse lets say $5.50, the stake it is laying is 5.50 too.

Can the stake be different to the price i set, like lay the whole $1000 liability i have entered at whatever price i have set in one go? like the original file does for this thread? The original file in this thread Lays whatever is available at best price but instead we want it to lay at the price we set?

Assuming you haven't changed anything in the file I've just uploaded it will place lay bets of whatever is waiting at that price (not place bets the size of the price you start the servant at).

So if you clicked to lay at 2.40 regardless of what the price currently is when the lay price becomes 2.40 it will place a lay for whatever the amount is then waiting, if someone puts another £X.XX at that price it will then take that.
If the odds then move up or down away from 2.40 it will stop placing bets until it returns to that price - or whatever new price you click on until it hits your limit (which i randomly set at £500 before uploading the file).

OK i downloaded the file again

It placed lays at the correct price but they were over the $500 liability you set?

Two horse total

The first horse I set a price of $3.50 and it worked correctly when it got to that price it placed three lay bets but just over the $500, they combined a total of $544.99

The second horse I set a price of $6 and it done the same thing placed the lays at the right price but just over the $500 they lay bets placed combined a total of $2,001.38?

See screenshot

[Guesst]

I through I take a screenshot for another race just so you can see the Rules and Lays, it went over the $500 again? otherwise as i said its laying at the correct price.

[Dallas]

As i said in my orginal post with the set up instructions

Total amount of lay bets is less than the following fixed amount £X.XX (depending on the odds you will be laying at you'll need to roughly work out what the lay stake will be to reach you $1000 liability)

So the condition looks at the fixed amount matched not the liability so if you wanted £500 matching and were going to be laying at odds around 3.0 you'd need to set this value at £250

Depending on the markets your trading and the approz size of stake you think you will be matching against you may need to add in more conditions.

For example if you were trading the UK greyhound markets where the bet sizes were typically around £1-£50 and wanted to go to a liability of £500ish and were laying at odds around 3.0
You could set the value at £200 (just below the liability limit) so that rule would let bets upto that amount be matched mainly made up of £1-£50 bets.

You would then add a second lay bet rule but with 2 x amount of matched bets conditions
Greater than £200
Less than £250
and that will ensure as you approach your limit only smaller bets go through so you can't exceed it by more than a few quid

[Guesst]

Hey Dallas, so just to understand your previous post as bit confused.

In this screenshot both bets are using the same servant that you attached I didn't change anything to servants, to lose Matched £500.

First horse at $3.50 and second horse at $6 were set prices i set.

If you could please explain why the first at $3.50 matched and stopped at $544 while the second horse at $6 matched over $2000.

The liquidity on the two races was between 2k and 5k so plenty of liquidity to cover.

Just don't understand why first is matched to lose 544 but second four times as much but only double the price?

[Guesst]

Tried a different race at prices $3.20 and $3.70 using the same 500 Match condition and there is a big difference between the two amounts matched but the prices were very close so totally

[Dallas]

The first 2 bets on Jonjoela came to $241.43 so was below your $500 matched bets condition when the 3rd triggered
The first bet on Luck of the Legion was $288.93 so was below your $500 matched bets condition when the 2nd triggered

Its the same for all your other examples above, which is why I gave the earlier suggestions

[Guesst]

The first 2 bets on Jonjoela came to $241.43 so was below your $500 matched bets condition when the 3rd triggered
The first bet on Luck of the Legion was $288.93 so was below your $500 matched bets condition when the 2nd triggered

Its the same for all your other examples above, which is why I gave the earlier suggestions

Hi Dallas could you please explain why the third bets went well over the $500 matched bets condition when the odds were the same?

Thanks

[Guesst]

Hi Dallas sent you a message.

Thanks

[Dallas]

The first 2 bets on Jonjoela came to $241.43 so was below your $500 matched bets condition when the 3rd triggered
The first bet on Luck of the Legion was $288.93 so was below your $500 matched bets condition when the 2nd triggered

Its the same for all your other examples above, which is why I gave the earlier suggestions

Hi Dallas could you please explain why the third bets went well over the $500 matched bets condition when the odds were the same?

Thanks

Because the $241.43 matched was below your $500 matched bets condition when the 3rd triggered

[gstar1975]

OK it seems to be placing the bets correctly I think

But the bets are $2.86 per stake so would take roughly 350 bets and 350 seconds to fill up the whole $1000, but should be accepting the whole $1000 if its available which it is with the big horse racing liquidity?

Yes thats correct, but you can speed up the rearm times and use something like 0.2 (200ms) so will match them much quicker.
But beware of the hourly transaction limit which is why i suggested you put a minimum on what it takes
https://www.betangel.com/forum/viewtopi ... 47&t=11378

An slight update on the counting of bets (number of transactions) when staking under £2 would count as 2 transactions would now be 2 transactions if the bets are under £1. Am I right Dallas?

[Dallas]

OK it seems to be placing the bets correctly I think

But the bets are $2.86 per stake so would take roughly 350 bets and 350 seconds to fill up the whole $1000, but should be accepting the whole $1000 if its available which it is with the big horse racing liquidity?

Yes thats correct, but you can speed up the rearm times and use something like 0.2 (200ms) so will match them much quicker.
But beware of the hourly transaction limit which is why i suggested you put a minimum on what it takes
https://www.betangel.com/forum/viewtopi ... 47&t=11378

An slight update on the counting of bets (number of transactions) when staking under £2 would count as 2 transactions would now be 2 transactions if the bets are under £1. Am I right Dallas?

Yes, that is correct

[ShaunWhite]

Yes, that is correct

Might be worth editing that link to say it's 0.2p per transaction (place and cancel being 2) and that any commission you generate in the 24hr period is used to offset that charge. Ie pay £20 in commission throughout the day and you can have an extra 10,000 to be used at any time on the same day for no additional cost. That's tallied at the end of the day so you could in theory place 15,000 transactions in one hour overnight and so long as you go on to pay enough commision later in the day you're in the clear.

Not surprisingly some people have had big unexpected bills but if its a one off and you ask nicely they'll usually forget it. If you're offering on every market in multiple sports 247 then you can easily do millions of transactions in a day accidentally.

[Dallas]

Yes, that is correct

Might be worth editing that link to say it's 0.2p per transaction (place and cancel being 2) and that any commission you generate in the 24hr period is used to offset that charge. Ie pay £20 in commission throughout the day and you can have an extra 10,000 to be used at any time on the same day for no additional cost. That's tallied at the end of the day so you could in theory place 15,000 transactions in one hour overnight and so long as you go on to pay enough commision later in the day you're in the clear.

Not surprisingly some people have had big unexpected bills but if its a one off and you ask nicely they'll usually forget it. If you're offering on every market in multiple sports 247 then you can easily do millions of transactions in a day accidentally.

I've gave it a little tweak and added a link to the transaction charge section of their T&C's