BTL by % of stake

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mjdavies4
Posts: 13
Joined: Tue May 08, 2018 11:14 am

Can anybody advise if it is possible to automate a Back to lay trade by a % of your stake rather than % of the Odds.
For example I back a horse for £50 at odds of 6 and want to make 50% of my stake which is £25. I would then need to place a lay in running of £75 (£50 + £25) at odds of 4 which would give me £25 hedged.

I would want to place the back bet at best market price say 10 seconds before the off but all i need to set in the automation is my stake and the % i want to make. The software then works out how much to lay and at what odds.
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MemphisFlash
Posts: 2126
Joined: Fri May 16, 2014 10:12 pm
Location: Leicester

your looking for 50% per race. HAHAHAHAHAHA!!!!!!!! :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
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jimibt
Posts: 3641
Joined: Mon Nov 30, 2015 6:42 pm
Location: Narnia

hi there... you can do this using automation. there are a variety of options for offseting the back bet, one of which is by %age.
mjdavies4
Posts: 13
Joined: Tue May 08, 2018 11:14 am

MemphisFlash wrote:
Wed May 16, 2018 1:23 pm
your looking for 50% per race. HAHAHAHAHAHA!!!!!!!! :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
The 50% was just an example
mjdavies4
Posts: 13
Joined: Tue May 08, 2018 11:14 am

jimibt wrote:
Wed May 16, 2018 1:24 pm
hi there... you can do this using automation. there are a variety of options for offseting the back bet, one of which is by %age.
Ok thanks I will take a look
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Dallas
Posts: 22673
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

mjdavies4 wrote:
Wed May 16, 2018 1:30 pm
jimibt wrote:
Wed May 16, 2018 1:24 pm
hi there... you can do this using automation. there are a variety of options for offseting the back bet, one of which is by %age.
Ok thanks I will take a look
There is also a couple of ready-made Dobbing and B2L rules available to download in the shared files section which might help
viewforum.php?f=52
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jimibt
Posts: 3641
Joined: Mon Nov 30, 2015 6:42 pm
Location: Narnia

MemphisFlash wrote:
Wed May 16, 2018 1:23 pm
your looking for 50% per race. HAHAHAHAHAHA!!!!!!!! :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
you should think about doing motivational lecture tours... lol
mjdavies4
Posts: 13
Joined: Tue May 08, 2018 11:14 am

Dallas wrote:
Wed May 16, 2018 1:40 pm
mjdavies4 wrote:
Wed May 16, 2018 1:30 pm
jimibt wrote:
Wed May 16, 2018 1:24 pm
hi there... you can do this using automation. there are a variety of options for offseting the back bet, one of which is by %age.
Ok thanks I will take a look
There is also a couple of ready-made Dobbing and B2L rules available to download in the shared files section which might help
viewforum.php?f=52
Thanks for this but all these talk about a % of the odds where as I want to make a % of my stake. From my example I make 50% of my stake which is £25 but the odds only need to come in from 6 to 4
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

mjdavies4 wrote:
Wed May 16, 2018 1:52 pm
Thanks for this but all these talk about a % of the odds where as I want to make a % of my stake. From my example I make 50% of my stake which is £25 but the odds only need to come in from 6 to 4
You could use a Green All profit condition >£25
mjdavies4
Posts: 13
Joined: Tue May 08, 2018 11:14 am

That sounds promising I shall give it a go
captainbang
Posts: 82
Joined: Tue May 01, 2018 1:33 pm

MemphisFlash wrote:
Wed May 16, 2018 1:23 pm
your looking for 50% per race. HAHAHAHAHAHA!!!!!!!! :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
I'm new here and have been using this forum to learn all about bet angel and for me to see a comment like this I think is disrespectful and certainly would make me question in the future posting a question up for fear of been ridiculed!

Memphis - Just because you "THINK" you know it all maybe you should keep your stupid comments to yourself in future.

By the looks of it the original poster isn't long a member either and hope this person continues to post in the future.

I would hope the administrator of this forum will delete that post.
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jimibt
Posts: 3641
Joined: Mon Nov 30, 2015 6:42 pm
Location: Narnia

captainbang wrote:
Wed May 16, 2018 6:51 pm
MemphisFlash wrote:
Wed May 16, 2018 1:23 pm
your looking for 50% per race. HAHAHAHAHAHA!!!!!!!! :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
I'm new here and have been using this forum to learn all about bet angel and for me to see a comment like this I think is disrespectful and certainly would make me question in the future posting a question up for fear of been ridiculed!

Memphis - Just because you "THINK" you know it all maybe you should keep your stupid comments to yourself in future.

By the looks of it the original poster isn't long a member either and hope this person continues to post in the future.

I would hope the administrator of this forum will delete that post.
+1 - i've often found this poster's comments to be of a similar immature nature. don't let that discourage you as there are plenty of individuals on here that are respectful and sincere.
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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

The post by Memphis was a bit harsh.

However, whilst the opening poster is correct in saying they would make 50% laying off at 4.00, they haven't given any indication what their gameplan is if the price goes the other way. Are they just going to leave it as a £50 loser? - If the next bet is a winner, then they won't be making 50% profit, they'll be making a 50% loss, as they will still be £25 down (not including commission)

Having a strategy for when the price goes wrong, is a critical ingredient of successful trading
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BetScalper
Posts: 1139
Joined: Sun Jul 02, 2017 10:47 pm

mjdavies4 wrote:
Wed May 16, 2018 12:05 pm
Can anybody advise if it is possible to automate a Back to lay trade by a % of your stake rather than % of the Odds.
For example I back a horse for £50 at odds of 6 and want to make 50% of my stake which is £25. I would then need to place a lay in running of £75 (£50 + £25) at odds of 4 which would give me £25 hedged.

I would want to place the back bet at best market price say 10 seconds before the off but all i need to set in the automation is my stake and the % i want to make. The software then works out how much to lay and at what odds.
Ignore 1 line unhelpful comments.

Keep researching and studying your chosen markets(s).

Where possible use your countries minimum stake until you are satisfied with your long term results. But remember not to stop there as the market (s) can change over time and your strategy may need adapting.

Best of luck.

PS. Keep posting. There are allot of helpful people on this forum as you have seen by MOST of the feedback.
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whimsies
Posts: 179
Joined: Sun Oct 02, 2016 7:37 am
Location: Uk

Ignore first comment something my 5 year old would write.

Def take a look at the dobbing bots in the shared files. But you will need some exit stratergy should things not go your way.
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