Close a Losing Back Bet

Hi,

I have a trigger that places a back bet on a selection based on conditions 15 seconds before the start time.

In play, I want to watch the back price and if it goes above, say 12, I want to close the back bet with a lay, but the amount of the lay bet is such that the same amount is lost whether the horse wins or loses.

Is this possible? How do I do this?

Is this smart? Is there a better way to bail out of a bad back bet?

Thank you
Jim

Hi
that's the Distribute Loss Between Selections trigger action:

distribute loss between selections
set based on ticks or profit % (if you want this to fire based only on conditions use stop-loss ticks -1)
conditions:
trigger <name of your backing trigger> number of runs per selection is greater than 0
and selections back price is greater than 12.00

OR

if you want to use the Lay trigger action, the formula for the amount field for equal loss (or profit) is:
(bm_backp*bm_backa)/lay_price

please use test mode when testing.

Thank you. that was just the thing. I went with conditions number of matched back bets =1 and back price gt 12.

Works like a magic charm.