Ipposnif : Betfair Horse Racing Betting Automation
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Manual - Trade Back

STRATEGY FAMILY BID TYPE STAKE PROGRESSION DEFAULT CAPITAL

Manual

Back->Lay

Fixed Amount

100

Perform a trade on the selected horse with an entry bet of type Back and an exit bet of type Lay that hedges the current position.
Trade can be started in two ways:
1) select a runner to place a back bet with size of 5. The price is the best back price at that moment minus 5 ticks (to increase chances to be matched).
2) click on the cell corresponding to the runner to bet of the column 'Input Back' , and insert the price and size of the first bet. There you can cancel the first bet (and the trade) pressing the button 'Cancel'.
When the first bet is fully matched a second bet of type Lay is automatically created.
The size of the second bet is the hedge size with 23% of gain.
You can specify, for every trade, a different hedge level for the second bet clicking on the cell corresponding to the runner in the column 'Input Lay'.
You can update the price and size of unmatched bets in every moment, clicking on the cells 'Input Back' and 'Input Lay'.
If the current loss of the trade is greater than 17 ticks, the trade is immediately hedged at the best price available.

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