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.
BTL by % of stake
- MemphisFlash
- Posts: 2184
- Joined: Fri May 16, 2014 10:12 pm
- Location: Leicester
your looking for 50% per race. HAHAHAHAHAHA!!!!!!!!
The 50% was just an example
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
you should think about doing motivational lecture tours... lol
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 4Dallas wrote: ↑Wed May 16, 2018 1:40 pmThere 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
- ShaunWhite
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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.captainbang wrote: ↑Wed May 16, 2018 6:51 pmI'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.
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
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
- BetScalper
- Posts: 1139
- Joined: Sun Jul 02, 2017 10:47 pm
Ignore 1 line unhelpful comments.mjdavies4 wrote: ↑Wed May 16, 2018 12:05 pmCan 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.
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.