Stop loss

[Bookmatch]

I have recently started using the stop loss feature. I have the settings set at odds instead of ticks which are set at 3.5 and level loss checked. When I lay a horse at lets say 11 and then the odds move in sufficiently to trigger the stop loss, the bet only seems to get fully matched if the horse then drifts back out again and goes on to lose. And on the single occasion where the horse has gone on to win, then only a very small portion of the triggered stop loss bet has been matched. Presumeably I am doing something wrong or is just unusual for a triggered stop loss bet not to get matched when the horse goes on to win. Thanks for any help in advance.

[GaryRussell]

The odds move quickly in running. Stop loss does not work best under these conditions. Once the stop loss bet is placed it is not managed by Betting Assistant, it is in the hands of Betfair. If the odds are shortening quickly you may only get some matched or none at all.

[Bookmatch]

Thanks Gary. If I am using odds instead of ticks in stop loss (set at 3.5)and also have sliding checked and the price moves in my favour, say from 11 to 21, how will this affect my stop loss bet? Does it alter the stop loss bet the same amount of odds as it has drifted (10) to 13.5?

[GaryRussell]

It alters it by the number of ticks (19) so it will go up to 4.9

[London_Calling]

Gary, can I just ask about the timing of Stop Loss.

I presume it can’t sit in the Betfair market waiting for the market to move to it (because Betfair matches at the best odds), but instead has to be triggered after the market moves to it ?

[MarkRussell]

Hi,

Yes that is correct.

Betting Assistant checks the odds on each refresh and at the appropriate time fires in the Stop Loss bet. This is why you have to keep the market open if you have opted to use the Stop Loss feature.

Regards,
Mark

[London_Calling]

Mark - Thanks for that. Much appreciated!

[presoman]

Hi, Gary, is the same problem with stop loss function if the first bet is back bet in play of UK racing for example? Stop loss will be unmatched or partially matched as described "Bookmatch" user in previous post - he place Lay bet first...

Best regards, presoman!

[GaryRussell]

You will have the same problem if the first bet is a back or lay.

[presoman]

Thanks for the fast answer, Gary!
Is there a way to calculate in BA desired profit when placing a Back bet and then Lay bet or the only way is to use extended calculator or link to Excel spreadsheet?

Thanks, presoman!

[GaryRussell]

There is no way to specify a desired profit in Betting Assistant at the moment. It will be in a future release.

[presoman]

Thanks very much for the great and fast support, Gary!
Cheers, presoman!