Wasn't sure what to do...

[Spinner]

I was trading in a race yesterday. Had a feeling that a certain horse would be backed a little bit so decided to place a 100 euro bet on him at odds of 7.8. Right after I had placed this bet, he started to drift quite heavily and with only 5 minutes before the start of the race, I was pretty worried. So I was struggling to cut my losses as he kept on drifting but eventually I got my 100 euro lay matched at 10.0. What I'm wondering is, was I right to lay at 10 for 100 or should I have been using a different amount? I ask this because (I'm using Gruss by the way) once I put in my lay, I'm pretty sure that my liability for that horse was 300+ and 0 for all other horses. This got my heart racing as I was running out of time but eventually I hit the level stake button and settled on a 40 euro loss regardless of the outcome of the race.

[Spinner]

Anyone?

[eclipse]

To achieve an even loss after the drift to 10.00, you should have laid 78 to give an even loss of 22. Simple maths, (100*7./10 = 78.

[Spinner]

Cool, thanks. Is there a quick way to do this with Betting Assistant? I use the ladder so if it was on that screen that'd be a massive help!

[GaryRussell]

That's what the level profit button does. If the odds were 10 then the level profit button should have shown -£22.

[2020vision]

Hi Spinner

would the profit/loss column in the ladder doi it for you?
Options>Preferences>Ladder interface> tick show level profit column

Simply one click after that at any price and profit/loss you like.

Hope this helps - Michael

[Spinner]

Ah ok, thanks guys. I'm obviously doing it arseways!

I was trading in a race yesterday. Had a feeling that a certain horse would be backed a little bit so decided to place a 100 euro bet on him at odds of 7.8. Right after I had placed this bet, he started to drift quite heavily and with only 5 minutes before the start of the race, I was pretty worried. So I was struggling to cut my losses as he kept on drifting but eventually I got my 100 euro lay matched at 10.0. What I'm wondering is, was I right to lay at 10 for 100 or should I have been using a different amount? I ask this because (I'm using Gruss by the way) once I put in my lay, I'm pretty sure that my liability for that horse was 300+ and 0 for all other horses. This got my heart racing as I was running out of time but eventually I hit the level stake button and settled on a 40 euro loss regardless of the outcome of the race.

So, just to be clear, this is what I should do:

-Back horse at odds of 7.8 for 100.
-Notice that the odds are drifting
-Click the level profit button and it should give a level loss on all horses of -£22

Is all this right? Like, what I'm asking is, do I need to place the 100 lay at 10 or will pressing the level profit button do it all for me automatically? Or do I have to lay the horse at 10 for 100 and then hit the level profit button?


Apologies for sounding dumb.

[2020vision]

Level profit button will do it automatically or you could choose your exact
loss/profit on the profit/loss column in the ladder. (red figures=loss and
green=win). Make it visible as described above.

Ttfn - Michael

[Spinner]

Woops, didn't mean to post all that, sorry.

So the level profit button does it automatically? So you're saying that I don't need to go to the bother of entering in a lay at 10.0 of 100 myself?

Also, the red/green figures, I can just click on them and that'll do it? Doh!

[2020vision]

That's right - just click the level profit box at top of ladder OR the
actual coloured figures (red/green) in level profit column - easy, eh?
No entering anything - just click - done!

Have a nice day - Michael

[mak]

Please don't get me wrong, but I would suggest to check the abilities of the program with minimum stakes for example 2€ to see how it is working, and check your trading strategy also

[Spinner]

Cheers guys. Will test it out later and see if it works (which it obviously should).

Advice taken on board mak

[Spinner]

Worked guys, thanks. Silly me