1.01 back bet.

[easternpromise]

I am trying to back bet towards the end of horse races.

If the horse is winning I trigger my bet at around 1.5 odds, but bet at 1.01 to make sure the stake is accepted.

Sometimes though the bet is not accepted, even though you can see thousands of pounds have been backed at 1.01.

Can anyone explain ?

[GaryRussell]

Do you get a bet reference? You can check the transaction log under the account menu. Once the bet is received by Betfair it is in their control so we cannot explain for sure why you don't get matched if you get a bet reference. We are 100% sure though it cannot be a fault with Betting Assistant.

It could be that the bets are placed just before they suspend the market and your bet was at the back of the queue. It could also be that the bets were rejected because the market was already suspended, the transaction log will show this in the API response column.

[GaryRussell]

Also there is already a lot of money available at 1.01 before the start of the race. Some users put in 1.01 lays as keep bets just after the market is opened by Betfair.

[doris_day]

Without seeing your exact trigger its difficult to say what the reason is, however, with the volatility being what it is at the moment in-running, I'm not certain your strategy is going to give you the best chance of longterm profit.

This type of strategy was fine a couple of years ago when the in-running liquidity was high but these days its become quite poor and you'll find that the price you're matched at will inevitably be lower than you'd want. Possibly even too low to make a profit. If I were you I'd use a price based on either a number of ticks or percentage lower than the current price, rather than a simple 1.01.

I've been playing in-running for the last five or six years and have noticed an alarming decline in the in-running horse racing markets over the last twelve months or so. So be very careful.