Create a Free Bet on the Fav Guardian Automation Bot

[Dallas]

I am very confused about this "free bet" situation, and why I only get the profit in my account only if the horse wins. As I understand the bot trades the horse, places a back bet and then a lay bet for a number of ticks. And if we get both bets matched we have a profit in our hands for this particular horse. And why do we receive this profit only if the horse wins?

The bot has been made to 'close the trade' so uses the same stake for the lay as it did for the back bet, if you want to spread the profit equally across all runners (rather than have a larger profit on just the runner traded you would need to 'green up'. this thread explains the difference between the two
viewtopic.php?f=47&t=11408

In the image attached it looks like you have now edited the bot and told it to green-up rather than just close the trade so is now spreading the profits equally by laying a few pence more than its backing with.

[forumuser]

Hi Dallas, is there an opposite setting that could work on this at all?

Say lay a horse first, set the back bet at 20 ticks bigger and free bet if it loses and lose some if it wins?

Not sure you can set it this way though.

Thanks

[Dallas]

Hi Dallas, is there an opposite setting that could work on this at all?

Say lay a horse first, set the back bet at 20 ticks bigger and free bet if it loses and lose some if it wins?

Not sure you can set it this way though.

Thanks

Yes it can be done, only the usual offset cant be used to create a free bet if it loses so this part will have to be done slightly differently.

The easiest way is probably take the 'Lay the 1st to 2.0' bot and change the odds to 1.50 (or what ever odds you want to lay at)

Then instead of any offsets decide how many ticks profit you want and work out what the green up profit would be from that - then create a back bet to place at these odds for the green up amount after the above lay part has triggered.

For example if you wanted 50 ticks profit after the original lay @ 1.50 for £10 this would require a back bet at 2.0 for £5.
That will leave £0 if this horse still wins and £5 profit if any other horse wins

The add a back bet rule to it using the 'green plus' icon
Trigger just once and on parameters tab use 'Place at fixed odds' 2.0 for £5
then use the conditions
'Number of matched bets condition'
on selection is 'equal to' 1

That should do it

[eminbe]

Hi Dallas,,

Thanks for you help and support..
On this rule 'Create a Free Bet on the Fav Guardian Automation Bot' at the parameters tab in the global settings, what does Offset batches mean, I see you have put number 1, Offset (ticks) 20

Does it mean the time you want to offset the bet e.g. it lays £10 after 10 ticks depending on the 'Offset batches No.'.

If it was 3 it will lay £30.

[Dallas]

Hi Dallas,,

Thanks for you help and support..
On this rule 'Create a Free Bet on the Fav Guardian Automation Bot' at the parameters tab in the global settings, what does Offset batches mean, I see you have put number 1, Offset (ticks) 20

Does it mean the time you want to offset the bet e.g. it lays £10 after 10 ticks depending on the 'Offset batches No.'.

If it was 3 it will lay £30.

It is dividing up the stake used and offsetting it a bit at a time (Batches) mostly used when using larger stakes and you dont want to wait for the whole amount of the opening bet to be filled or the kill time to expire.

So for example using a £500 stake and 10 offset Batches means as every £50 of the opening bet is matched £50 is then offset for you, if you used the same stake with 4 offset Batches then as each £125 is matched this amount is then offset.

[eminbe]

Hi Dallas, is there an opposite setting that could work on this at all?

Say lay a horse first, set the back bet at 20 ticks bigger and free bet if it loses and lose some if it wins?

Not sure you can set it this way though.

Thanks

Yes it can be done, only the usual offset cant be used to create a free bet if it loses so this part will have to be done slightly differently.

The easiest way is probably take the 'Lay the 1st to 2.0' bot and change the odds to 1.50 (or what ever odds you want to lay at)

Then instead of any offsets decide how many ticks profit you want and work out what the green up profit would be from that - then create a back bet to place at these odds for the green up amount after the above lay part has triggered.

For example if you wanted 50 ticks profit after the original lay @ 1.50 for £10 this would require a back bet at 2.0 for £5.
That will leave £0 if this horse still wins and £5 profit if any other horse wins

The add a back bet rule to it using the 'green plus' icon
Trigger just once and on parameters tab use 'Place at fixed odds' 2.0 for £5
then use the conditions
'Number of matched bets condition'
on selection is 'equal to' 1

That should do it

Is that lay rule available to download please..

[Dallas]

Is that lay rule available to download please..

No there is just the written instructions in the post above on which rule to start with and what edits need to be made to it.

[eminbe]

Do I need to create a new Guardian Automation Bot or edit the 'Create a Free Bet on the Fav Guardian Automation Bot' with the instructions you have provided.

[Dallas]

Do I need to create a new Guardian Automation Bot or edit the 'Create a Free Bet on the Fav Guardian Automation Bot' with the instructions you have provided.

The instructions where to edit the bot from this thread
viewtopic.php?f=52&t=11362

[eminbe]

On lay bet its selection is any horses, I want to add a back bet to the same selection, How can I do that please.

[Dallas]

On lay bet its selection is any horses, I want to add a back bet to the same selection, How can I do that please.

Its in the last 5 lines of the instructions you have been following from above

[eminbe]

Hi

I placed a back bet at the start of 6f class 4 Maiden Stakes (Plus 10) race at 14:30 today and I have offset to lay by 1 tick down the odds, but it never matched.

Has that ever happened to anyone?

01/09/2016 14:32:03: Guardian has detected that the market is suspended
01/09/2016 14:32:03: Guardian has detected that the market is in-play
01/09/2016 14:32:04: Guardian has detected that the market is now unsuspended
01/09/2016 14:32:05: [G_Auto] : £ 1100.00 Back bet placed on Swiss Storm at 1.8. Fully matched at 1.89. Ref: 10010 ( Offsetting by 1 ticks. )
01/09/2016 14:32:05: [G_Auto] : £ 11.00 Lay bet placed on Swiss Storm at 1.87. Entirely unmatched when it initially reached the market. Ref: 10011
01/09/2016 14:32:05: [G_Auto] : Modify bet persistence 10011 from 'Cancel' to 'Keep'

01/09/2016 14:32:06: [G_Auto] : £ 1100.00 Lay bet placed on Swiss Storm at 1.88. Entirely unmatched when it initially reached the market. Ref: 10012
01/09/2016 14:32:06: [G_Auto] : Modify bet persistence 10012 from 'Cancel' to 'Keep'

01/09/2016 14:33:16: Guardian has detected that the market is suspended

[ferrypaul]

Hi,

Thanks for all the info once again, trying to take it all in.

Today I tested this bot (Free Bet on the Fav Guardian Automation Bot), plus made my own called 'Bet 1-4' - which basically backs the first 4 favored horses and then attempts to green-up when a profit of above 99p is achieved.

Apart from one race - foreign one selected by mistake - every race returned a profit or broke even.

I did try my 'Bet 1-4' on one race which backed the first 4 horses, the 1st favorite won but it didn't green up a profit. I assume this may be because of the book %? Not sure how to compensate for that; perhaps back 3 rather than 4.

Anyway, I've attached a screenshot for you to see how using this bot and my own on the selected races today did what I wanted it too, £1-2 per race.

This sounds exactly what iv been looking for mate, could you upload the .baf file or copy and past the automation settings your using

[greety]

Hi guys.
I've read through all the posts on this topic.
How would I go about changing the rules/parameters to back favourites priced at 3.0 or under?

[Dallas]

Just add the following condtion

'Fixed odds condtion'
The Seletions 'Last traded price'
Is 'Less' Than 3.05