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Lay Favourite 1 when price gets to X

Posted: Wed Sep 11, 2019 10:48 am
by baddydaddy67
Hello forum (and in particular Rade). I am working on a lay the favourite hose strategy when price gets to X in play, I initially use the default price criteria but found that bets were automatically matched - I didn't expect them to get matched at a price above current price pre-race. I was using the methodology you would use for a lay the field strategy - say lay at 2.

Would it work if I selected to bet in play and then selected via the min / max price selection to bet when fave 1 hits the price bracket selected?

Another suggestion - the data point average price is stored by the BF Manager programme, it would be a worthwhile strategy I think to be when price is either rising or falling by X from the average price. Is that workable on this version or could it be worked in to a future version?

Thanks

Alan

Re: Lay Favourite 1 when price gets to X

Posted: Wed Sep 11, 2019 11:35 am
by BfBotManager
Hi Alan,

Bets are matched by Betfair at requested price or better price, that is how Betfair works. If you are getting matched at worse price then your settings need to be adjusted in which case please post screenshots of those bets and of your rules at "Price settings" tab.

I am not sure to which price you refer to when you say average price. We need an example for this to understand which data you would like to use and how. Right now there is "Price change - steamers/drifters" rule that allows bet to be placed when price changes by X% from selected price.

Regards,
Rade

Re: Lay Favourite 1 when price gets to X

Posted: Wed Sep 11, 2019 12:45 pm
by baddydaddy67
The attached is from a test on Aus races - what I hoped for with the strategy is that it would place an unmatched bet at 9 and the bet would only be matched if the in play price gets there -I attach the strategy also for review.

The average price I referred to I now see is average matched price - not what I thought it was.

Streamers and drifters is only useful pre-race, I am looking more at in-play strategies - more value.

Re: Lay Favourite 1 when price gets to X

Posted: Wed Sep 11, 2019 12:45 pm
by baddydaddy67
Strategy attached

Re: Lay Favourite 1 when price gets to X

Posted: Wed Sep 11, 2019 1:16 pm
by BfBotManager
You cannot place unmatched bet at higher Lay price than the one available on market. That is not how Betfair works.

You should add "Min/max price for selection" rule and set it to check price range of 9.0 -20.0, so that bets get placed only when Lay price is in that price range.

Regards,
Rade

Re: Lay Favourite 1 when price gets to X

Posted: Wed Sep 11, 2019 1:19 pm
by baddydaddy67
Thanks - that is what I thought I would need to do, strategy amended to care of this - I guess Betfair can't make the quest of making money too easy.......