EXPOSURE error

[Ceejay]

Can somebody please assist me. Say for instance I have placed a $200 LAY bet at 1.01 odds. That gives me a liability of $2. As soon as it is matched and the market moves back to 1.02 odds I also BACK $200. does my liability equal out or will i have an EXPOSURE error on my bet if I have less than $200 in my account. I want to set my liability that it will take my LAY bet in account that was already matched. I am using EXCEL for my bets. Thank You.

[GaryRussell]

In your example you will not need any funds in your account to place the back bet. The exposure on that selection will be zero after the back bet is placed.

You should be aware that there is however a rare internal rounding error which happens at Betfair's end which can leave you with a balance of -$0.01. If this happens it will not accept the back bet even though it is reducing your exposure. It's always a good idea to make sure you aim to leave $0.01 in your account. So if your balance is $200.00 for example then don't lay more than $199.99 liability.

[Ceejay]

Thanks Gary, is my options/preferences setting right if I have Maximum liability on 0 and the Per click boxed ticked. Thanks for your quick response.

[GaryRussell]

If you do not want it to check your liability before placing bets manually then that is the correct setting. Also this setting does not apply to bets made by Excel triggered betting.