Taking SP and Greening on Greyhounds

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
Post Reply
jucatorul
Posts: 4
Joined: Fri Jan 26, 2024 9:28 pm

Hi,

In a greyhounds market, I want to place a Back bet, and when it is entirely matched, to automatically trigger a Lay bet at SP.

In this case I would generate a free bet. But ideally, I would wish to hedge this.

I assume you can't? Given that the market will not go in play?

Many thanks!
Anbell
Posts: 2065
Joined: Fri Apr 05, 2019 2:31 am

jucatorul wrote:
Sat Apr 13, 2024 1:04 am

I assume you can't? Given that the market will not go in play?
Correct.
User avatar
napshnap
Posts: 1191
Joined: Thu Jan 12, 2017 6:21 am

jucatorul wrote:
Sat Apr 13, 2024 1:04 am
Hi,

In a greyhounds market, I want to place a Back bet, and when it is entirely matched, to automatically trigger a Lay bet at SP.

In this case I would generate a free bet. But ideally, I would wish to hedge this.

I assume you can't? Given that the market will not go in play?

Many thanks!
you can use near official start time LTP as a good (but not perfect) approximation of SP and then calc hedge bet size to hedge.
Anbell
Posts: 2065
Joined: Fri Apr 05, 2019 2:31 am

napshnap wrote:
Sat Apr 13, 2024 8:34 am
jucatorul wrote:
Sat Apr 13, 2024 1:04 am
Hi,

In a greyhounds market, I want to place a Back bet, and when it is entirely matched, to automatically trigger a Lay bet at SP.

In this case I would generate a free bet. But ideally, I would wish to hedge this.

I assume you can't? Given that the market will not go in play?

Many thanks!
you can use near official start time LTP as a good (but not perfect) approximation of SP and then calc hedge bet size to hedge.
Theoretically!
jucatorul
Posts: 4
Joined: Fri Jan 26, 2024 9:28 pm

napshnap wrote:
Sat Apr 13, 2024 8:34 am
jucatorul wrote:
Sat Apr 13, 2024 1:04 am
Hi,

In a greyhounds market, I want to place a Back bet, and when it is entirely matched, to automatically trigger a Lay bet at SP.

In this case I would generate a free bet. But ideally, I would wish to hedge this.

I assume you can't? Given that the market will not go in play?

Many thanks!
you can use near official start time LTP as a good (but not perfect) approximation of SP and then calc hedge bet size to hedge.
Sounds smart, thanks! I will try to hedge this way, or even considering the projected SP.
User avatar
napshnap
Posts: 1191
Joined: Thu Jan 12, 2017 6:21 am

jucatorul wrote:
Sat Apr 13, 2024 1:47 pm
napshnap wrote:
Sat Apr 13, 2024 8:34 am
jucatorul wrote:
Sat Apr 13, 2024 1:04 am
Hi,

In a greyhounds market, I want to place a Back bet, and when it is entirely matched, to automatically trigger a Lay bet at SP.

In this case I would generate a free bet. But ideally, I would wish to hedge this.

I assume you can't? Given that the market will not go in play?

Many thanks!
you can use near official start time LTP as a good (but not perfect) approximation of SP and then calc hedge bet size to hedge.
Sounds smart, thanks! I will try to hedge this way, or even considering the projected SP.
by my experience ltp is a few % closer to sp than projectedSP (nearSP).
Post Reply

Return to “Bet Angel for newbies / Getting started”