back price formula help
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#1 by
racepro on 13 May 2014
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
racepro
#2 by mcbee on 13 May 2014
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
mcbee
#3 by
racepro on 13 May 2014
Thanks mcbee for the quick reply.
I'll check it tomorrow when there is some betting action.
cheers
R
racepro
#4 by
racepro on 14 May 2014
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
racepro
#5 by demon on 14 May 2014
1.78 was probably the best available price when it placed the back bet...
demon
#6 by
racepro on 14 May 2014
oops, I had forgotten to place a max price required in the conditions.
Thanks D
R
racepro
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