Forum

[Roland]

At this very moment, I miss lots of good "simulated" profits because the bot always hedges below my Lay bet even at 2 mn from a goal; which is very frustrating but it is a game!

Funny but I get baffled by the following instance.

First, the tick value on Betair are never the same. You have 0.01 value as tick, you can have 0.05 value as tick, you can have 0.02 value as tick...You never know!!!

So my first question is going to be:
1) In this context, how can you set up the bot to hedge (to avoid loss or to win) when the Betfair ticks are never the same!

My second question...

2) Then when I set up the bot to hedge to reduce loses at 6 ticks below price (for example), what does this actually mean?
6 ticks of the Back odds or 6 ticks of the Lay odds?
I mean if the Lay price is at 6.00 and it goes down and the bot is set up to hedge (to avoid loses) at 6 ticks below, does the bot aim at 6 ticks (below) of the Lay odd tick value or 6 ticks (below) of the Back odd tick value (at current price for both of course)?
I hope my explanation is clear enough.

Then my third and last question...

3) Now where I get really baffled is the following because this happens MANY, (I insist on "many") times:

Let's take Barrow vs Harrogate example tonight.

I instructed the bot to place a Lay Bet 3 minutes before KO until 22mn in play.

My Lay bet price range is 3.2-4.5.
The bot requested a Lay bet at 4 and got 3.9...All right (maybe!)

As you can see on the screenshot attached you can see that on the Back side, the tick value is 0.05 and on the lay side it is 0.1.
You can also see I set up the bot to hedge (to avoid max loss) at 6 ticks below price.
Then the price dropped in play right after start of game.

You can see that the bot has requested a price at 3.45 to hedge to avoid loses BUT this is:
9 ticks of 0.05 value of Back price or 4.5 ticks of Lay price tick value.

a) So, on one side (Back price), this is much more than 6 ticks below (as I set up) and on the other side (Lay tick value) the price could have gone further down before hedging (from 3.9 down to 3.3) during which time a goal happened that could have make me win the trade!!
There is something wrong there somewhere?

Am I clear enough?

Best regards,

Roland Bouchat

[BfBotManager]

Hi Roland,

If you are placing Lay the draw bet then you can get profit only if you Back at higher price, not lower price. At your screenshot you set to hedge if price goes down by 6 ticks, that will give you loss. Change it to hedge if price goes up by 6 ticks, that will give you profit if hedge executes.

Simulation mode uses Betfair delayed data that can be delayed anywhere from 1s to 180s. This data is not synchronized, so it can return prices old 180s in one moment and in the next moment prices old 10s. This means that simulation is not fully realistic. You should use "Hedge->Market conditions->Market status change delay" rule and set it to 180s, so that hedge does not execute if market was suspended in last 180s. Make sure you use this with hedge "AND" logical operator at "General" settings hedge tab.

It is 6 ticks or more below your initial price. If an equalizer is scored and price goes down on the draw then it can jump from 6 to 1.5 and in that case hedge will execute too, as change is much more than 6 ticks.

You are comparing real time odds from Betfair website with delayed odds that bot has. You should always look at bot selections grid view to see what odds bot has. Like I said, in simulation mode bot gets odds that can be old from 1s to 180s. For more details on delayed data and simulation mode you should read manual and following help articles:
https://bfbotmanager.com/en/help/knowle ... layed-data
https://bfbotmanager.com/en/help/knowle ... ation-mode

[Roland]

I See. Thank you for your reply.
There is a datum I forgot to mention that will better explain the situation.

Something I did not say is that I set up Hedging at 1-0 or 0-1 goals (and more) on Hedge Conditions > Market Conditions > Bet when Score (rule) to generate profit in case of a goal.

I set up the Hedge under 6 ticks to avoid losses in case of odd drop (which is often the case in the first minutes) only, not to profit, which means when the odds go down 6 ticks below my Lay bet odd, the bot hedges to minimize losses.
This is what happens very often because odd drop very often after start of the game (and rarely but sometimes, fast!)

You see...So I still do get lots of simulated losses due to odd drop and my Heding rules to hedge below 6 ticks to avoid losses. My strategy with this "6 ticks below" is not to generate profit but to avoid losses.