General Betting
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Hi,
Say on a horse race I want to back a horse with £x, and that at the current odds there is only say £2 available for an instantly matched bet.
Is it possible to say somehow that I want my £x matched at any available odds greater than say 1.9 for example? i.e if the bet is placed at 9am for a race at 5pm, the odds will change a lot over the day, and say I place the bet at odds of 2.6 with the £2 avaliable, the bet goes unmatched.
Can I do anything to get the £x matched as the odds evolve over the day down to a minimum lower bounded odds I specify?
Either with betfair or 3rd party software?
Hope that makes sense, basically im trying to work out how I can maximize my chances of getting a bet matched above a minimum price over the course of a day assuming it can't be matched at the point I place it.
Say on a horse race I want to back a horse with £x, and that at the current odds there is only say £2 available for an instantly matched bet.
Is it possible to say somehow that I want my £x matched at any available odds greater than say 1.9 for example? i.e if the bet is placed at 9am for a race at 5pm, the odds will change a lot over the day, and say I place the bet at odds of 2.6 with the £2 avaliable, the bet goes unmatched.
Can I do anything to get the £x matched as the odds evolve over the day down to a minimum lower bounded odds I specify?
Either with betfair or 3rd party software?
Hope that makes sense, basically im trying to work out how I can maximize my chances of getting a bet matched above a minimum price over the course of a day assuming it can't be matched at the point I place it.
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I'm not sure I'm understanding this. If you want £100 at 1.9 and only £2 gets matched... why can you not leave the £98 there (if 1.9 is the minimum price you want)
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You can't do it on the site, but you can with 3rd party software, not sure which ones though.
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Surely Lori is correct
 You bet £100 @1.9 , your £2 is matched @2.6 ,if there is £5 @2.48 you'll get that matched as well , and if there is £100 in total at all prices down to 1.9 you will be fully matched at what ever the average is. If there is not £100 between the available odds and 1.9 the remainder will sit there waiting for someone to lay it @1.9 . You wouldn't be waiting long! |
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I was thinking the best way to do this is based on the likelihood of getting matched, so rather than sticking in everything at 1.9, put the bet in at 2.6, where it gets a tiny bit matched and then sits in the front of the queue.
If anyone jumps in front, you improve your offer, all the way down to 1.9. So instead of offering 1.9 straight away, you try to get a better price. I assume that's what the OP is trying to do, but it's not exactly clear. |
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That makes more sense. I was presuming he was going to be out all day so couldn't do that .
As to what he is trying to do; seems he is just wanting to get all his stake on and is prepared to do that at greatly reduced odds rather than come home and find he only got 2 quid on at a good price ( in the event of 2.6 being the highest odds matched). Not a wise strategy IMO to be accepting a massively shorter price than what is available to back for small amounts. As on Horse Markets his stake would be fully matched at poor odds, and then within 5 minutes you would see the To Back price up at 2.5 or so again. I remember on the football forum once, a guy who wasn't too price sensitive used to input 1.01 as the price for all his bets on live games , just to save haveing to wait to be matched if he was putting on say £100 @1.75 when there was only £80 to back at those odds . As it would be a reasonably liquid market this would typically mean his remaining £20 would be matched @1.74 or 1.73. One time though he hadn't realized the game had just started , that all unmatched bets had been cancelled , and he ended up backing Over 2.5 @1.01 in the first minute  |