Author Topic: back price formula help  (Read 2387 times)

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back price formula help
« on: 13 May 2014, 20:04 »
Hi,
I'd like to make a formula to place in the trigger which will place a back bet
using the lay price of the last matched bet and reducing the price by say 20%.
example.
lay price 1.60  lay bet  5.00  matched
lay price * .80 = 1.28
back price 1.28 back bet  5.00
I tried 
back price  bm_layp*.80  bet amount  5.00
But it doesn't work.
Can you shine some light on this por favor
Merci
R
My grandma taught me not to run downstairs and never back odds on.

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Re: back price formula help
« Reply #1 on: 13 May 2014, 21:23 »
hi
the trigger should be
back
bm_layp*.80
5
conditions as per your system plus
and selections lay matched is greater than 0

without the above condition, the trigger will try to place a bet with a bet amount not known, so no bet will be placed.

mcbee
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Re: back price formula help
« Reply #2 on: 13 May 2014, 21:53 »
Thanks mcbee for the quick reply.
I'll check it tomorrow when there is some betting action.
cheers
R
My grandma taught me not to run downstairs and never back odds on.

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Re: back price formula help
« Reply #3 on: 14 May 2014, 06:20 »
Hi mcbee,

Not sure why I get a higher back price than the last lay price by using a .85 multiplier
my settings are.

back price bm_layp*.85

actual bets

lay     1.57   5.00
back  1.78   5.00

I expected using this formula would produce the following:

lay     1.57   5.00
back   1.33  5.00  (1.57*.85)
Please tell me where I am going wrong
Many thanks
R
My grandma taught me not to run downstairs and never back odds on.

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Re: back price formula help
« Reply #4 on: 14 May 2014, 17:04 »
1.78 was probably the best available price when it placed the back bet...

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Re: back price formula help
« Reply #5 on: 14 May 2014, 17:20 »
oops, I had forgotten to place a max price required in the conditions.
Thanks D
R

My grandma taught me not to run downstairs and never back odds on.

 

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