Ipposnif : Betfair Horse Racing Betting Automation
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Trade Back



Trading Back

Fixed Amount


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 five ticks below the entry level.
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.
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 5 ticks of gain.
You can specify, foe 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 5 ticks, the trade is immediately hedged at the best price available. The trade is hedged in any case 15 second at the start.

Fabrizio Ranieri - Ipposnif is an official Betfair API solution - Privacy | Terms | Responsible Gaming - You must be at least 18 years old, or of legal age in your country, to gamble on line with Betfair