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  • #1 by chilli on 17 Jan 2015
  • Hi

    I have a trigger that backs a horse from a pre determined list and currently greens up for 30%. I would like to change this so it puts a lay bet (same stake as Back bet) in at a set price determined by a calculation derived from the initial back bet price.

    The calculation is:

    potential profit(-comission)/back bet price

    So if the initial £4 (default amount) back bet went in at 5.40 this would give £16.72 potential profit on that runner so therefore 16.72/4 = lay odds of 4.18.

    I would want the trigger to put a Lay bet of £4 in at 4.18

    can anyone help?

    Cheers

  • #2 by alfaman on 17 Jan 2015
  • Hi Chilli,

    I am confused as to what you want.

    As long as the price has dropped since your initial back you can create a free bet at any odds by laying £4 (ie getting your stake back if the selection loses).  The lower the price when laying the better the profit.  So in your example of a £4 back at 5.4 the following it true:

    Odds       Stake      Profit         Loss if loses   
                 (Lay)     (after comm)
    5.0          £4          £1.52             £0
    4.8          £4          £2.28             £0
    4.5          £4          £3.42             £0
    4.0          £4          £5.32             £0
    3.5          £4          £7.22             £0
    etc

    Given that fact, please can you redefine what suggests you want to lay at 4.18 ?

    If I am being stupid perhaps someone else can help?
  • #3 by chilli on 17 Jan 2015
  • Hi Alfaman

    I am just looking to return near to evens on my stake is all. Since I don't know what the sp odds are going to be I need the trigger to calculate this after the initial bet placement trigger has fired. 
  • #4 by LarpHager on 17 Jan 2015
  • newbielink:http://community.welldonesoft.com/triggered-betting-10/formulas/ [nonactive]
    • LarpHager
  • #5 by barniani on 20 Jan 2015
  • Hi Chilli, any luck so far trying out Maddox's formula?
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