Hedge level profit

[alan]

Hi,

I would like to use the triggers in excel to hedge a lay and level profit. Any suggestions? For example, lay at 5.0 then when it goes to 10.0 or more then hedge by backing but level on the field (Horses I am talking about).

Many thanks, Alan

[MarkRussell]

Hi,

You could use the Tick Offset trigger modifier, e.g. LAY-TLn where n represents the number of ticks (Betfair price increments) that you want the offset back bet to triggered at. The L part of the modifier means that the stake will be adjusted so as to give a level profit across all runners.

Or LAY-PLn where n represents the % of the initial bet's odds to use for the offset back bet.

Or LAY-TLFn where n represents fixed odds to use for the offset back bet.

Regards,
Mark