a basic question

[paddymullins]

Hi I'm new to this but all I want to do initially is place a lay bet at 5, but if the price hits 2, place a back bet to cut the losses. Thanks

[MarkRussell]

Hi I'm new to this but all I want to do initially is place a lay bet at 5, but if the price hits 2, place a back bet to cut the losses. Thanks

Hi,

You can use the Stop Loss feature to get the software to automatically place the back bet.
But please note that there is no guarantee that the Stop Loss back bet would get matched, especially if the market is in play and the odds are moving rapidly down.
You would need to set the Stop Loss options before placing your initial lay bet and you would need to keep the market open so that Betting Assistant can monitor the odds and place the back bet at the appropriate time.
You can set the Stop Loss trigger odds in one of 3 ways, either as a number of ticks from the matched lay bet or as a percentage of the matched lay odds or using your own fixed odds.
Whatever the trigger odds are set to the software will submit the Stop Loss bet at 1 tick below should the market odds reach your trigger odds and if the odds jump right past the trigger odds then it will be 1 tick below those odds.
You could also choose to use the Chase Stop Loss option which would cancel and resubmit the Stop Loss bet after a number of seconds of your choosing should it not get matched, but you would also need to use the Level Loss option if you want to use the Chase option.
The Level Loss option submits the Stop Loss bet with an adjusted stake so as to spread the loss evenly across all runners, i.e. red up.

Regards,
Mark

[rourkem]

The Level Loss option submits the Stop Loss bet with an adjusted stake so as to spread the loss evenly across all runners, i.e. red up.

Thank you for clarifying this. Helped a lot on some doubts that I have.

[alrodopial]

Hi I'm new to this but all I want to do initially is place a lay bet at 5, but if the price hits 2, place a back bet to cut the losses. Thanks

Hi,

You can use the Stop Loss feature to get the software to automatically place the back bet.
But please note that there is no guarantee that the Stop Loss back bet would get matched, especially if the market is in play and the odds are moving rapidly down.
You would need to set the Stop Loss options before placing your initial lay bet and you would need to keep the market open so that Betting Assistant can monitor the odds and place the back bet at the appropriate time.
You can set the Stop Loss trigger odds in one of 3 ways, either as a number of ticks from the matched lay bet or as a percentage of the matched lay odds or using your own fixed odds.
Whatever the trigger odds are set to the software will submit the Stop Loss bet at 1 tick below should the market odds reach your trigger odds and if the odds jump right past the trigger odds then it will be 1 tick below those odds.
You could also choose to use the Chase Stop Loss option which would cancel and resubmit the Stop Loss bet after a number of seconds of your choosing should it not get matched, but you would also need to use the Level Loss option if you want to use the Chase option.
The Level Loss option submits the Stop Loss bet with an adjusted stake so as to spread the loss evenly across all runners, i.e. red up.

Regards,
Mark

Now this is what I call a very good aftersale support
Detailed answer in a question
Well done

Consider expanding the faq section of the forum with common questions/answers and maybe later redirecting people to the answers there
It would be helpfull