Author Topic: greenout strategy for place market using only lay bets  (Read 3953 times)

Tags:
  • √Člite
  • Posts: 215
*
Hi,
I never traded in place markets before, so any hint is very appreciated.

I have a trigger which uses only lay bets (enter unmatched bets at back price and wait until they get matched.) Some hours before the off, this trigger does a greenout or spread loss with lay bets.

During greenout, funds blocked by the exposure of lay bets, become usable again. If trigger created a equal green on all selections, fund has the same value as before, if trigger created a equal red on all selection, fund is reduced by the biggest red of th market.

I did some improvements to run this trigger in place markets, too. But what happens during greenout? Become funds usable again during greenout, if trigger creates equal profit_loss and profit_loss2 for all selections?

Or are funds blocked until settlement of place market?

I cannot find this out without help because many other triggers are active in real mode, changing funds all time.

Thanks,
Martin

  • All members
  • Posts: 3465
Re: greenout strategy for place market using only lay bets
« Reply #1 on: 30 Jun 2012, 08:53 »
Hi Martin
Did a small test in a place market real mode. Lay and greenup. You can see the result in the screenshot. Funds are released as soon as green, before settlement.
Please read the following disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

  • √Člite
  • Posts: 215
*
Re: greenout strategy for place market using only lay bets
« Reply #2 on: 30 Jun 2012, 15:17 »
Thanks MarkV,

my problem with place markets was to understand what happens if there are only lay bets in all markets. profit_loss is big red for all selections, profot_loss2 is big green for all selections.

I found a timeslot (tomorrow after settlement of AT&T Golf) where I expect no big betting activity from MFPro, then I can do some lay only tests.

Thanks again!
Martin

 

Please note, BetFair is seems to be currently OFFLINE