StopLoss not play

[gvigliani]

16/04/2010 20.58.15 10663467012 Backed Divers @ odds:1.2, stake:2 (Excel BACK Triggered: Odds:1.2 Stake:2 Tick offset:8 Fill or kill:-1)

16/04/2010 20.58.18 10663467607 Layed Divers @ odds:1,12, stake:2,14 (Tick offset bet, final offset bet, Odds:1,12, Stake:2,14, Ticks:8) OK 1609

Lay bet not play Why OK?????

[GaryRussell]

There is a bet reference for the lay bet (10663467607). It's impossible to have a bet reference if the bet hasn't been placed. It is not confirming the bet has been matched only that it has been placed.

[gvigliani]

There is a bet reference for the lay bet (10663467607). It's impossible to have a bet reference if the bet hasn't been placed. It is not confirming the bet has been matched only that it has been placed.

Sure!! Bet has been not matched!!
The bet (lay) has not been matched and then the stoploss could not enter. I can supply all bets with Betfair.

[GaryRussell]

It's not unusual for the lay bet not to be matched if the price then goes up. What stop loss settings did you use? Are you saying the stop loss did not trigger when it should have?

[GaryRussell]

In a previous post you said you were using the following trigger.
BACK-TL5-SL10

The stop loss in this case will use the same stake as the back bet. The stop loss is designed so that it will not trigger if the lay odds are more than double back odds which in your case is 1.4. This is a safety feature as prices can suddenly jump quite high and I am sure you would not want it to lay at any price.

You could set it to calculate the stake required to create a level loss in which case the odds can exceed double and it will still trigger. In this case your trigger should be as follows.

BACK-TL5-SL10-L

[gvigliani]

In a previous post you said you were using the following trigger.
BACK-TL5-SL10

The stop loss in this case will use the same stake as the back bet. The stop loss is designed so that it will not trigger if the lay odds are more than double back odds which in your case is 1.4. This is a safety feature as prices can suddenly jump quite high and I am sure you would not want it to lay at any price.

You could set it to calculate the stake required to create a level loss in which case the odds can exceed double and it will still trigger. In this case your trigger should be as follows.

BACK-TL5-SL10-L

Selection Odds Stake(€) Bid type Placed Profit/loss(€)
Wee Ziggy 1.26 5.00 Back 17-Apr-10 15:45 -5.00
*Average odds: On Off Back subtotal: -5.00
Lay subtotal: 0.00
Market subtotal: -5.00
Commission : 0.00
Net Market Total: -5.00


Stoploss to 5
NOT PLAY!!!!

[gvigliani]

In a previous post you said you were using the following trigger.
BACK-TL5-SL10

The stop loss in this case will use the same stake as the back bet. The stop loss is designed so that it will not trigger if the lay odds are more than double back odds which in your case is 1.4. This is a safety feature as prices can suddenly jump quite high and I am sure you would not want it to lay at any price.

You could set it to calculate the stake required to create a level loss in which case the odds can exceed double and it will still trigger. In this case your trigger should be as follows.

BACK-TL5-SL10-L

37 17/04/2010 15.45.26 10670756203 Backed Wee Ziggy @ odds:1.26, stake:5 (Excel BACK Triggered: Odds:1.26 Stake:5 Tick offset:8 Fill or kill:-1) OK 1484
38 17/04/2010 15.45.35 10670762008 Layed Wee Ziggy @ odds:1,18, stake:5 (Tick offset bet, final offset bet, Odds:1,18, Stake:5, Ticks:8) OK 1625
39 17/04/2010 15.45.36 10670762008 Cancel bet (stop loss) REMAINING_CANCELLED 359
40 17/04/2010 15.45.37 10670756203 Cancel bet (stop loss) TAKEN_OR_LAPSED 281
41 17/04/2010 15.45.38 10670763354 Layed @ odds:1,51, stake:4,17 (Stop loss, offset bet ref:10670762008, stake:4,17, odds:1,51) OK 1406


Thank's

[GaryRussell]

The stop loss bet was placed according to your transaction log. I am sorry, but you seem to be under the impression that your stop loss bet is guaranteed to be matched. It was placed and that is all the program was designed to do.

I don't actually recommend that you use stop loss in play, because the market is so volatile. It will not get matched on a regular basis.

[milfor]

Stop loss is generally useless InPlay, not only in horseracing. In nearly every sport there can be goals, set points, injuries etc. that change the odds so much so quickly that it's impossible for the stop loss to get matched. Stop loss is only useful before the event starts.