Level Profit question

[elma]

hi

example:

I back a horse with 100$ at 3 and put a sell oder for 2 inplay . now if it hits the sell order I have 100$ if this horse wins or I use the Level profit.

is it possible to put a level profit order in the market at 2? so it will immediately give me a profit for each horse?

tia

[GaryRussell]

Sorry, not without working out the correct stake yourself in advance. So when you enter your bet at 2.0 you should use (3/2) X 100 = $150

[elma]

thanks , like always getting perfect support here

[Roger]

Gary, please ignore me if I'm wrong, but shouldn't that be using real odds, not decimal? So the calculation would be

(3-1) / (2-1) x 100 = $200

(If you're right, it just shows how much I don't understand about this!!)

[GaryRussell]

No, the formula works with decimal odds. You cannot lock in $100 profit from a $100 stake if the odds go down from 3.0 to 2.0 which is what your formula would mean.