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[Gad13]

Hi. I’ve never used a bot to do a B2L before so any help greatly appreciated.

I assume I need to do 2 rules/strategies, one for the back and then the lay? The back I am fine with, I can just add a rule to place a £10 back bet on my selections. Because the price changes at the off, I reckon I’ll just have to set it to best price available at 0 seconds in play.

For the lay, I want to lay the same horse at 50% off the back price for £15 so that if it hits the lay price, I’m guaranteed £5 profit (minus commission) but can’t work out which rule to do this on. I looked at the ‘compare prices’ one but wasn’t too sure how to do it.

Any help greatly appreciated, and happy for anyone to comment/provide feedback on any of the above. Cheers!

[BfBotManager]

You need a single strategy. Then use "After bet rules->Trade out" rule to place opposite bet at better price. For more details on this rule please read the manual and test it in simulation mode to see how it works.
https://www.bfbotmanager.com/en/help/kn ... v3-version

[waytogo78247]

I have a similar problem.

A: I want ti fire a back bet in the market at x mins
B: I want to place an exact amount LAY on the same selection.

I have no problem with A

I just need to place a close out at BFSSP.

[BfBotManager]

I have a similar problem.

A: I want ti fire a back bet in the market at x mins
B: I want to place an exact amount LAY on the same selection.

I have no problem with A

I just need to place a close out at BFSSP.

You can use "After bet rules->Trade out" rule to place that second bet at same size after first bet is matched.

[waytogo78247]

I have tried that with the last check box set to "use same stake for trade out bet"

The bottom option was set to "take SP"

All that happens is that the bet "lapses" and no SP bet is made.

The option box for "place trade only when the inital bet is made" is also checked. .

[BfBotManager]

Bet must be placed before in play and market must be BSP market. Then Betfair will attempt to match your bet at BSP if it is unmatched at start time.

[waytogo78247]

The bets are placed way before the offtime.

The SP bet always Lapses.

I figured it was something on the top options box and have tried all sorts but cant seem to find a way to ignore the top options (they are not needed).

[BfBotManager]

Please provide screenshots of your settings and of placed trade out bet. Also show us that bet details at Betfair website, it should display its persistence while it is unmatched.

[waytogo78247]

To upload an Image it wants a URL????

It wont let me paste an image from clipboard.

[waytogo78247]

Please provide screenshots of your settings and of placed trade out bet. Also show us that bet details at Betfair website, it should display its persistence while it is unmatched.

There is no trade out bet as it Lapses and never gets placed.

Is there are screenshot of the settings show this simple trade out. I can't find one anywhere.

I am not a new user here. I have used BFBM for over a year and have far more complex rulesets than this.

[BfBotManager]

Screenshot should be saved as an image file, then you can attach image file as attachment to your post. You can also save screenshots by using "Save screenshot" button at bottom left corner of your main window.

If bet has "Lapsed" status, then that means that bet is placed, but it was unmatched and market went in play so Betfair gave it lapsed status. If bet is displayed at bets grid view then it has its bet ID number and it is placed.

You should also export your strategy to a file and you can post it here too. Or you can email it all to us by using Contact form at the website:
https://www.bfbotmanager.com/en/contact

[waytogo78247]

I have attached an image file and am trying these settings for the 3:25Newb race

[waytogo78247]

This has already laid a bet at (and matched) a bet at 2 ticks below the bet price.

Heck. I wanted the top part to be ignored, but this test DID fire a bet which it hads done before, but if the top part conditions are not met it usuall lapses, so....

I have changed that ticks setting to 10 for my next trial in the 3:35 race.

This is what usually happens and you see it is set to take SP... This bet usually lapses.

Lets see what happens.

Arghhh. It matched at 10 ticks lower!!!

I shall try again in the 3:45

Hoping this does not drop by 10 ticks!

[BfBotManager]

Persistence is set to "Take SP" which means that bot is working properly and setting persistence properly.

You should check it with Betfair support why such a bet would get Lapsed status and why it was not matched at BSP.

[waytogo78247]

Thanks,

That bet was cancelled this time. That is because I had another hedge rule below that ( I did not when I was trying to get this to work before). That is why it canclled.

The 4:00 race I have deleted that 2nd hedge rule and now just have the close out bet.

[waytogo78247]

IN the 4:00 I had three bets.

The bot did put in 3 x £2 Lay bets with persistance at SP and here is what happened.

Two of them lost so should be breakeven on those.

The other won @ 1.69 and I had a bet @1.76.

I should have been in slight profit for the race but ended up in a loss.

[BfBotManager]

Bet is placed, it was unmatched and it never got matched as price never changed enough for it to bet matched. You will need to discuss it with Betfair why bet did not get matched at BSP as you had persistence set to Take SP.

[waytogo78247]

I just had another race with a single bet and the SP bet Lapsed.

This is something that just does not work and the top box needs to be eliminated as it asks for a price.

What I need is simply a box to place an exact same price bet at SP (as If I had just clicked the SP box manually on the Betfair interface).

The reason for this is could be quite simple and we know that if you BACK then it will work with persistance and it will take the bet at a lower SP.

Result: You only stand to lose your initial stake, but stand to gain a leittle less that youhad hope for.

However with LAY bets persistance may not work with Betfair as the bet would be at higher odds which are not known until the SP is known.

Result: Your liability can go as high as £2000 for a £2 stake.

So, SP persistance may just not work on lay bets WHEN you have a price stipulation.

I also have to add that in all these bets there was a LOT more available in my acct even if they all drifted to 1000/1

[waytogo78247]

I (think) I have it.

The minimum liabilty for a Lay bet made at SP is £10. Simple.

when you "Hedge" out against an already placed bet then a lower than £10 liability can be placed as you have a win bet also that works with the Lay bet.

I see no option to Hedge out at SP.

If you "close" on SP bet then it does not take into account any back bets you have on the same section as it does not know how to calculate that liability to be over £10 as the SP of the LAY is not known.

I was testing to £2 stakes and that is the problem (again I think). If the price was only 3.50 and the pesistance was set to lay the SP it would "lapse" that bet as it did not meet the required liability. If I had tested with £50 stakes (too risky) then even at 1.25 odds the persistance would have worked and an SP Lay bet would have been placed.

I have checked all my lapsed £2 bets and they were all @ 5.50 or less.

Sorry for the hassle as (again I think) is not a BFBM problem rather an underlooked condition when laying with Betfairs SP.

I am now testing this on £10 stakes with a minimum price of 6/5 so should all lay.....????

I will let you know.

[waytogo78247]

This does not work as instructed. The next race I had Galway Red as my bot bet.

This had dropped by 10 Ticks so *should* have placed a £10 lay bet as the settings are "Use same stake as trade out bet"

This horse lost so should have broken even on this bet.

However I had another bet in the race which was nothing do with the bot which won.

I ended up losing on the race where I should have made a slight profit.

All I want from this ruleset is to place a win bet and then place an SP Lay bet for the exact same stake on the horses it is instructed to bet.

Why? My research into the market(s) for over two years show that I have made over 1000pts profit from betting early then taking SP on certain horses.
-----------------------------------------
In just 3 days of trying to get this to work in the bot:

Any bet that loses would be a "Push"

So, we only need to look at the winners.

There have been 16 winners with prices taken totalling 59.99 and those same horses have had SP's totalling 57.24 which calculates as 59.99-57.24 = +2.75 pts profit.


*There were no late non runners in any race, so no deductions to account for*

--------------------------------------------------------------

This is easy to place manually so why is it so hard for the bot?

[BfBotManager]

Can you please export your strategy so that we can check settings that you used and screenshots of bets placed by that strategy from within the bot? So that we see which bet was placed by strategy.

[waytogo78247]

I explained all of that before.

I have now sacked the bot and am just placing bets with it and not closing out.

INSTEAD

I have had to make another bot to just place the Lay bet.

I am hoping these settings will place an SP bet????

I will take 10 ticks first though AND that is another point. I have asked for a 10 ticks WORSE price and am hoping as this is a LAY bet that it will ask for a lower and not higher price???

I also have BFSP if this bet does not fire which is all I want anyway.

[BfBotManager]

Your screenshot shows "Price settings->Price rules" rule and that sets price to request when placing bet, it does not decide the type of bet. It does NOT tell strategy to place BSP bet. You can only use option to set start price as requested odds if you are placing bet during in play, when start price is known. So pleae turn off that option as you are placing bets before in play when start price is unknown.

To place BSP bet you must use "Staking->Bets persistence" rule, tick option to place start price bets and then select "Market on close" option. Also at "Market conditions->Markets filter" rule tick option to allow only Start price markets.

For details on what each rule does and how it works please read manual:
https://www.bfbotmanager.com/en/help/kn ... v3-version

[waytogo78247]

So, this all I need to do to place a BSP bet?

The "Persistence" part is confusing as a bet has not yet been place to "PERSIST" with.

I will see nothing placed now untill the off OR will it place the SP bet at 5mins to post (the time I have set to bet) as if I had manually hit the SP button on the Betfair interface?

[BfBotManager]

So, this all I need to do to place a BSP bet?

The "Persistence" part is confusing as a bet has not yet been place to "PERSIST" with.

I will see nothing placed now untill the off OR will it place the SP bet at 5mins to post (the time I have set to bet) as if I had manually hit the SP button on the Betfair interface?

Those settings will tell strategy to place Betfair Start price bet when placing initial bets. Minimum Back bet size is £1 and minimum Lay bet liability is £10 for BSP bets.