I should be grateful if somebody could help with a trigger. My strategy involves backing a horse in running and greening up if the price of the horse drops. At present I may back up to two horses in a race. If both drop in price, things are good. The horses are both backed at different times in the race. My problem arises when the first horse backed does not drop in price. When this happens, I would prefer if the second selection was to be a straight win without greening. The logic of this is - if my first horse does not drop in price, I lose the stake on it and, so, I would prefer to have a straight win on the second rather than a hedged profit in an attempt to have an overall profit in that race.
How do I get MFP to realise that my first bet has not been profitable and to change tactics, please ?
My selections are determined as a horse's price drops to a particular level and so I have no idea which horses will actually be backed during the race.
I hope I've explained my problem properly. In case I haven't, I'll try explaining my problem this way :
Race starts.
Some horses' prices drop as they appear to be doing well,
My MFP backs A in the hope that his price falls still further, so that I may green up.
Hopefully a lay bet is matched soon, if it is - great !
Now B appears to be doing well so my MFP backs him too.
If by the time this second bet is placed, A has not been the subject of a profitable lay bet, I want my bet on B to be a straight win bet. If I have been lucky and I am in profit on A, I would like to hedge B in running too.
So, depending on the outcome of my bets on A, I want two alternative actions for B.
How do I do this, please ?