Bet Angel for newbies / Getting started : How to green a back/lay trade in Guardian

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greenmark
Posts: 113
Joined: Mon Jan 29, 2018 2:15 pm

Thu Mar 14, 2019 12:00 pm

Hi all

Been using BA for a year now and its very useful. This is my first question on the forum because all previous ones I found my answer on here thanks to the willingness of the members to share their greater knowledge.

My objective is to :
back £2 @ say 10.0
lay £2 @say 2.0
If both get matched, I have a profit > 0.05 and the lay amount = £2
I then try to greenup (Close trade on selection with greening).

I thought ths set up would greenup the net position but it appears to be only considering the back bet.

For example:
13/03/2019 13:55:40: Guardian has detected that the market is suspended
13/03/2019 13:55:40: Guardian has detected that the market is in-play
13/03/2019 13:55:40: Guardian has detected that the market is now unsuspended
13/03/2019 13:55:42: [G_Auto] : £ 2.00 Back bet placed on Fox Kasper at 4.9. Entirely unmatched when it initially reached the market. Ref: 10007
13/03/2019 13:56:10: [G_Auto] : £ 2.00 Lay bet placed on Fox Kasper at 3.75. Entirely unmatched when it initially reached the market. Ref: 10008
13/03/2019 13:56:24: [G_Auto] : Placed closure bet with greening on Fox Kasper by Laying 2.65 at 3.7
13/03/2019 13:57:03: Guardian has detected that the market is suspended
13/03/2019 13:57:16: Guardian has detected that the market is now unsuspended
13/03/2019 13:58:06: Guardian has detected that the market is suspended

So instead of :
horse wins
back profit £7.637
lay liability £-5.542
greenup £0.56 @ 3.77

I have
back profit £7.637
lay liab £-5.542
greenup lay liab £-7.3405

I realise I must be basically misunderstanding something.
Can anyone enlighten me?

Would be much appreciated.

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Dallas
Posts: 11208
Joined: Sun Aug 09, 2015 10:57 pm
Contact:

Thu Mar 14, 2019 6:59 pm

If you use a;
'close trade on selection with greening' rule
with the following 2 conditions

'close trade profit condition'
is greater than £x

'number of unmatched bets condition'
on selection
is equal to 0

That will do it

greenmark
Posts: 113
Joined: Mon Jan 29, 2018 2:15 pm

Thu Mar 14, 2019 9:02 pm

Okey dokey Dallas.

Will give it a try tomorrow.

Thanks for the response. Hope you had a good day! :D

greenmark
Posts: 113
Joined: Mon Jan 29, 2018 2:15 pm

Fri Mar 15, 2019 3:53 pm

Still no joy. The greenup rule is triggering but the stake on the lay that it generates definitely appears to be based on the back bet, not the net position on the selection (as per example in the OP).

I'm reluctant to take up people's time on what is basically experimentation.
But I am baffled and I don't enjoy that.

I'm in practice mode and in-play with this.
Also, I'm not using the offsetting facility.
I have 3 rules.
Place back bet
Place lay bet
Close trade on selection with greening.

I replaced my Matched bet = 2 condition with Dallas's Unmatched = 0.
But it still behaves the same. (Already had the trading profit condition).

I realise everyone is busy, and it is only experimentation ahead of a possible strategy.
But now I'm wondering whether I even understand what back/lay greenup should look like in terms of odds/stakes.

User avatar
Dallas
Posts: 11208
Joined: Sun Aug 09, 2015 10:57 pm
Contact:

Fri Mar 15, 2019 5:09 pm

greenmark wrote:
Fri Mar 15, 2019 3:53 pm
Still no joy. The greenup rule is triggering but the stake on the lay that it generates definitely appears to be based on the back bet, not the net position on the selection (as per example in the OP).

I'm reluctant to take up people's time on what is basically experimentation.
But I am baffled and I don't enjoy that.

I'm in practice mode and in-play with this.
Also, I'm not using the offsetting facility.
I have 3 rules.
Place back bet
Place lay bet
Close trade on selection with greening.

I replaced my Matched bet = 2 condition with Dallas's Unmatched = 0.
But it still behaves the same. (Already had the trading profit condition).

I realise everyone is busy, and it is only experimentation ahead of a possible strategy.
But now I'm wondering whether I even understand what back/lay greenup should look like in terms of odds/stakes.
It does sound like your miss interpreting what suppose to happen

If equal back and lay bet are placed your net will be £0, and all P/L will be on one selection, greening up will spread that across all other selections.

In terms of what I've advised above
Once both bets have been matched the close trade with greening rule will trigger to spread your profit out (providing its over £0.20 or whatever amount you set)

However, reading it a different way it sounds like you may want to place a back and lay either side of the price then if one of these is matched green up if your profit is greater than £X
A sort of OCO (Order cancels order)?

greenmark
Posts: 113
Joined: Mon Jan 29, 2018 2:15 pm

Fri Mar 15, 2019 5:48 pm

"If equal back and lay bet are placed your net will be £0, and all P/L will be on one selection, greening up will spread that across all other selections."

Yep, i absolutely see that.

" In terms of what I've advised above
Once both bets have been matched the close trade with greening rule will trigger to spread your profit out (providing its over £0.20 or whatever amount you set)"

Yep exactly what I'm attempting. Swapping bigger profit on the selection winning (but zero profit if it loses - free bet?) for smaller profit, regardless of the outcome.

No worries, I'll have a bit more experimentation and try to get my head round it.

But thanks for your response. You're a very generous person.

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