How to use SP trigger

[easternpromise]

Guys,

I'm trying to understand how to use the SP trigger correctly

BACK-T5-SP

For this example, a back is submitted along with a lay bet at 1 tick lower.

If the offset is not matched when race goes in play SP odds are taken for the offset.

Is this correct?

[GaryRussell]

That is correct except it's a lay bet at 5 ticks lower in your example. Also there are two things you need to be aware of.

1. Betfair treat the stake as liability for SP bets so if the lay stake is £50 and the SP is 3.00 for example then the lay stake will become £25 when matched at SP.

2. The minimum liability Betfair accept is £10 so if the liability of the unmatched SP bet is not at least £10 then it will not be converted to SP.

[easternpromise]

Thanks Gary

Also, can I use the LAYSP trigger like this?

LAYSP-TL1

so lay at sp odds at race start with a 1 tick level offset