Conditional Betting Help

[Hardy]

Hi,

I've started using conditional betting for the first time and I'm having a problem.

I've been running a system for a couple of weeks whereby I lay a horse in running if it reaches a certain percentage above its Betfair SP – i.e. if Lay Price >= x, then Lay at Lay Price for a certain stake. I include a tick offset of +some number of ticks, so that the lay will be matched at any price between trigger price and trigger price + n.

My problem is that for the last two days, I’ve had no bets matched. These are, of course, bets that meet all of the trigger criteria. Before that I was getting 60%-70% of bets that met the criteria matched. (I assume the ones that weren’t matched didn’t have enough matching funds available or went outside the stated price range before the bet could be matched due to the 1 second delay for placing in-running bets.) But now, I’m watching the price in running, I see it reaching my lay trigger point and nothing happens, 100% of the time.

I realise it’s not much to go on, but I‘ve checked as thoroughly as I can and I can’t see anything I’ve changed.

I’d be very grateful for any suggestions.

[GaryRussell]

Are you staying on the same market after entering the conditions? It can only monitor and trigger the bets if you stay on the market. It also will forget the settings if you change markets and then change back again.

[Hardy]

Yes, Gary. I'm staying on the same market and watching the price fluctuations in runnng. I have the conditional betting panel open as well and the "Active" check box stays ticked. As far as know, I'm not doing anything different to when I was getting most bets matched.

I realise it's a tall order asking people to imagine what might be wrong - just hoping someone will think of something I'm missing.

[Hardy]

OK - stand down. I've just done my first on of today and it got matched. I've no idea what was wrong, but whetever it was, it's not anymore. Either finger trouble on my part or an unlikely run of unmached bets. Probably the former is favourite.

[Hardy]

Thanks for responding, Gary. One more question while I'm here, if I may. I seem to be misunderstanding the Tick Offset feature, or the interaction between it and the Max Liability.

Let’s say I want a lay bet matched at anything between 3 and 3.5. I set up Lay at Lay Price if >=3, with a tick offset of +11. I also set a max liability of, say 100, which I tend not to change from bet to bet.

Occasionally, however, I’ve noticed that I get bets matched at , say 4, for a stake of 20, when I thought my upper limit was 3.5. Is this because the Max Liability setting overrides the Tick Offset setting? (Max liability of 100 would allow matching at up to 6 for a stake of 20.) Or am I misunderstanding the application of the Tick Offset?

Sorry if these questions are a little basic.

[GaryRussell]

Thanks for responding, Gary. One more question while I'm here, if I may. I seem to be misunderstanding the Tick Offset feature, or the interaction between it and the Max Liability.

Let’s say I want a lay bet matched at anything between 3 and 3.5. I set up Lay at Lay Price if >=3, with a tick offset of +11. I also set a max liability of, say 100, which I tend not to change from bet to bet.

Occasionally, however, I’ve noticed that I get bets matched at , say 4, for a stake of 20, when I thought my upper limit was 3.5. Is this because the Max Liability setting overrides the Tick Offset setting? (Max liability of 100 would allow matching at up to 6 for a stake of 20.) Or am I misunderstanding the application of the Tick Offset?

Sorry if these questions are a little basic.

Your criteria says >=3. The tick offset setting means whatever the odds are then 11 ticks will be added to the requested odds therefore the odds must have been 3.45 when the bet was triggered. There is nothing in your criteria to prevent this happening. If odds+11 ticks exceed 6 then it will not be triggered because of the max liability setting.

[Hardy]

OK - that makes sense. I was misunderstanding it. I assumed the tick offset was from the trigger odds, not from the atual odds when triggered.

Many thanks.

[flogger]

Conditional Betting <==== Is there a beginners guide for this?

I have search all forum posts but I can't find one. A link would be appreciated.

[MarkRussell]

Hi,

Have you read the section in the User Guide?

http://www.gruss-software.co.uk/Betting_Assistant/Help/help.htm

Regards,
Mark