Author Topic: Horse Racing: back at BSP, hedge back az in-play for multiple selections  (Read 4271 times)

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Hi guys,

It's absolutely brilliant idea the oportunity to have the first trigger. So I am posting here a new topic.

This is the trigger I would like to run:

1. Horse Racing

2. Win market

3. I have a list with the exact horse names' list. I can upload a CSV (tell the program where is the CSV), or copy-paste a long CSV-line (comma separated values), or anything else. On an average day, I have around 30-35 selections.
I would like to execute the very same strategy for every selections, described here:

4. back the horse at BSP

5. If the program can tell Betfair a minimum and a maximum odds range, then there is no minimum BSP, but there would be a maximum around 100 or so. If I know correctly, we can tell BetFair a minimum odds for BSP bets, but we cannot tell a maximum odds.
So if there is an option to setup a calculated/predicted max. odds, then it should be as high as 100 or 200. According to my excel, I would like to avoid the very high odds' horses...

6. Immediately, after the BSP matched (the race went to inplay), fire two lay bets for hedging:

7. First lay bet: 90% of the initial BSP bet

8. Second lay bet: 150% of the initial BSP bet

9. Either one is matched, then cancel the other one

10. Green up or Red up (depends on which lay bet were matched)

Other informations:
11. I am calculating the odds percentage like this: odds-((odds-1)*0,5)
So for example, if the odds is 2.40, then 90% = 2,26
and 150% for 2.40 is = 3.10
I do believe, this is the formula which is used by everyone...

12. There is no need to have a staking plan. However if it can be, I would like to use a daily staking plan: if a day ended in negative P/L, then the next day should use a doubled stake.

13. It would be great if the markets can load by themselves, so I should upload into the program only the selections...

Thank you for your help!

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I made a mistake at 11.

This is the correct:
I am calculating the odds percentage like this: odds-((odds-1)*%)

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Hi agatify,

While working on your triggers I stumbled upon certain issues that need to be clarified.

1. There is no maximum limit on a back SP on BetFair, it's the contrary: they let you impose the minimum odds you want to offer. It's vice versa for lay bets though. So how would you like to amend your strategy now?

2. It's hard to operate "days" in MarketFeeder Pro in terms of your trading sessions. Rather, you can let the program check the previous P/L once you restart it next time. This next time could be an hour after you closed it last time, or in a week though. I'm going to build in a staking plan that corrects your stake if your last trading sessions ended up in negative.
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Thank you, Oxa, for your reply.

1. If there is an option to tell Betfair a minimum odds for BSP back bet, so it should be 2,01. So 2,01 is okay, 2,00 is not okay. "Greater or equal".
Oh, or "greater thank 2,00". :D

2. If is it hard to operate a daily staking plan, it is okay to skip it, because at the most, I can configurate MarketFeeder every morning.
Here is an attach about the daily staking plan. And according to my excel, there is no big differene a daily staking plan and a normal staking plan, but a daily plan is much less volatile.


Thank you, Oxa!

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Hi again,

Please see your triggers attached. In order to load the horses you want to bet on, do the following simple steps:

1. Copy the list of your selections into a text file (you can use Notepad for this). Each selection's name must be on a separate line.
2. Load the markets you want to bet in (you can use Market Locator to load all UK races in one go).
3. Press "Import selections for auto-trading" and choose the text file you filled in with selections. Your chosen horses will be bolded whereas all other ones will be greyed out.

I should mention that one of the lay bets you want to place after the back bet gets matched may be immediately matched, in most cases it is the stop-loss bet placed at a higher price. This happens due to BetFair's rule that matches a bet at a better price that the one you suggested, if such price is available. So you may want to revise the strategy and, for instance, choose to wait till the price grows up to 150% of the back price before placing that stop-loss bet.

Anyway, please test the triggers in Test Mode to make sure they are doing what you want.
Always try your triggers in Test Mode before switching to real money!

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Oxa, damn right you are.
How to put into the second trigger called 'Bets for green-up and stop-loss' ad say to MF to wait the price grows up to 150%? For the stop loss?

Thank you!

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Please see the amended triggers attached.
Always try your triggers in Test Mode before switching to real money!

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