Author Topic: Distribute Greening across selections ? [TCKT03062013SL]  (Read 2909 times)

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I am guessing the terminology is wrong, but wondered if anybody has encountered this and how to overcome it.

I have a trigger that dutch lays three selections at SP (in-play) and attempts to back them when the price drifts at which point I green-up. This works so if I have three selections with an equal liability of £100 as each selection trades out then the book becomes green selection by selection. So a selection will have a £100 liability which will trade out to give me say £2 green profit leaving the remaining two selections with a £100 liability waiting to trade out (or not).

What I want to do however, is spread that profitable trade across the losing selections to reduce liability. So if one selection has the capability to green-up for £2 I would like to distribute that 'profit' across all layed selections to reduce my overall liability in-play (presumably by placing some back bets).

Now, I thought that distribute-loss would fulfill that for me, but it doesn't seem to work. So either I am executing it badly or doing entirely the wrong thing.

Any help or guidance is appreciated. I hope I haven't made that sound too complicated.

Thanks in advance for looking.

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Re: Distribute Greening across selections ?
« Reply #1 on: 03 Jun 2013, 18:02 »
hi
distribute-loss, is what is say's, it distributes the LOSS, but if you have 2 euro profit ,this cannot be a loss.
you need to use distribute-profit.


mcbee
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Re: Distribute Greening across selections ? [TCKT03062013SL]
« Reply #2 on: 04 Jun 2013, 08:27 »
Thanks McBee but this is where I am further confused, distribute profit (according to the manual) looks to place a lay bet, where I am looking to place one or two back bets against already laid selections. So if I have layed 3 selections and make £3 greening up one lay bet, I leave £1 of the profit on that selection and spread the remaining £2 evenly across the remaining two lays in the form of a back bet to reduce the exposure.

Does distribute profit do that ?

Thanks.

Out of interest I enabled distribute profit, and no bets are being placed. Logs say:

14:01:37   Can't distribute the profit. The P/L value is too small for selection "Captain Midnight".
14:01:37   Can't distribute the profit. The P/L value is too small for selection "Offshore Bond".
14:01:37   None of the selections qualifies for a distribute profit

 

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