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  • #1 by Jim Vincent on 06 Oct 2017
  • 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
  • #2 by MarkV on 06 Oct 2017
  • 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.

  • #3 by Jim Vincent on 06 Oct 2017
  • 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.
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