There are options to use a regular fixed stake as your bet or to calculate the size of the bet on the fly based on liability, book%, and tick size. The stake value selected on the ladder and one-click screens provide Bet Angel with your ‘seed stake’. This seed stake in conjunction with the staking method chosen and the price of the bet will determine the actual bet amount to be used.
e.g. Enter a lay stake of £10 and select a ‘Liability’ Staking Method to ensure that any bet you offer to the market will have a liability of £10. So even if the current best price is 3.0, you can lay at 2.6 and a stake of £6.25 will be used. Lay at 1.8 and a stake of £12.50 will be used. In each case your liability will be the same as the £10 seed stake you’ve selected. This is particularly useful for in-play betting with its volatile price movement..
Fixed Stake
This is the regular way of staking – the stake you enter on-screen will be used when placing the bet regardless of the price.
By Liability (Lay Only)
The ‘Seed Stake’ you have entered (or in the case of the Ladder, selected from the Standard or Preset area) now becomes the liability you are willing to accept on lay bets. So, if you have selected a £20 stake and place a lay bet at odds of 3.5, Bet Angel will calculate the amount needed to realise a £20 liability; at odds of 3.5 it would mean a lay bet of £8.00 is submitted to the market. This means if that selection loses you make a profit of £8.00 and if it wins you lose £20. Note: When using this ‘Lay Only’ method, back bets behave the same as when using a ‘fixed stake’ so your risk in the market will be the same £20 regardless of whether backing or laying.
By Liability (Back & Lay Bets)
This option is most useful when you wish to trade by liability. Your back bets are staked in a similar way to the lay bets so that positions in the market can be easily opened and closed. In the case of a back bet, the ‘Seed Stake’ will now be your potential profit (the liability the person who takes your bet is accepting) so if you have selected a £20 stake and place a back bet at odds of 8.0 Bet Angel will calculate the amount required to realise a £20 profit; at odds of 8.0 it would mean a back bet of £2.86 is submitted to the market. This means if that selection wins you make a profit of £20 or a loss of -£2.86 if it loses.
By Book%
The ‘Seed Stake’ is divided by the placement price of the bet (the amount placed would be the same regardless of backing or laying). So, if you have selected a £20 stake and place a bet at odds of 5.0 the amount submitted would be £4 (£20 / 5.0 = £4) and if the same £20 stake was used to place a bet at odds of 2.2 the amount submitted would be £9.09 (£20 / 2.2 = £9.09).
By Tick Size
Your ‘Seed Stake’ defines the profit or loss that you wish to make for each price tick the selection moves (before greening), this would be the same regardless of backing or laying. e.g. If the seed stake is £10 and a bet is placed at 4.2, then a £100 bet would be submitted (due to tick increments of 0.1 at this price; 0.1 multiplied by £100 being the £10 seed stake you’ve requested) .
