Author Topic: Distributing the loss  (Read 2208 times)

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Distributing the loss
« on: 01 Aug 2013, 05:54 »
Forum Folks,

Could someone please enlighten me on the following:

I have placed a lay bet at (say) $4.00.

I have a "distribute the loss" trigger based on profit (say) 30%.

What is the formula to calculate the price at which the trigger will fire?

And for a "green up" trigger?

And if the answer is in the Manual, please tell me where (and accept my apologies!).

Thanks in advance,

bobh

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Re: Distributing the loss
« Reply #1 on: 01 Aug 2013, 05:58 »
Sorry,

I should have mentioned this is a football trigger for "match odds" - Home, Away, Draw.

bobh
 

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Re: Distributing the loss
« Reply #2 on: 01 Aug 2013, 06:32 »
hi
you add a condition for the selections price.
so if you lay at 4.00 and want to activate a trigger for a loss you would.
and selections lay matched is greater than 0
and selections back price is equal or less than 3.80 (or whatever price you decide to take a loss)

for the green trigger
and selections lay matched is greater than 0

the condition   and selections lay matched is greater than 0   identifies the selection with a lay bet on it.


mcbee
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Re: Distributing the loss
« Reply #3 on: 01 Aug 2013, 08:40 »
Don't you ever sleep, mcbee?

Thanks for the quick response; as usual I didn't explain myself clearly enough.

I was looking for the formula that would show how to calculate the price at which the trigger would fire.

For example if the three prices (soccer,cricket or any sport where there are three results only) are England  $2.50, Australia $4.00, and The Draw $2.80. If I have layed The Draw at $2.80, at what price would the "distribute losses" trigger back The Draw if I have set the "loss" trigger at a loss % of 40% (say)?

I'm still not sure if I have explained it sufficiently, but will live in hope.

bobh



 

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