Back at Odds lower OR Lay at Odds Higher than the Current Price

Modified on Thu, 18 May, 2023 at 12:32 PM

Betfair will always ensure bets are matched at the best available odds at the time it reaches the market.


So if you try to back a selection/runner at lower odds than its current price

For example if you back at 1.50 and the price is currently 3.65 you will get matched at 3.65

Or

If you try to lay a selection/runner at higher odds than its current price

For example if you lay at 17.0 and the price is currently 6.8 you will get matched at 6.8


Bet Angel does however have the ability to enable you to place bets at a worse price than it currently is, or rather it will trigger them on your behalf when the odds reach that point.


To do this you will need a simple rules file to place the bet and a 'Fixed Odds Condition' to instruct the rule to trigger when 'X' price is reached


For example with a Back bet you might want to use ''Place at' fixed odds 1.54

You'd then add the following Fixed odds Condition

Selections last traded price is

< 1.55



Or

With a Lay bet you could use ''Place at' fixed odds 17.0 

Fixed odds condition

Selections last traded price is

> 16.5




There is a automation rules file already made in the shared files library that backs as the odds shorten but it can be easily edited to lay as the odds rise instead, see link below

http://www.betangel.com/forum/viewtopic.php?f=43&t=11414


Alternatively, you could create a servant rule to do this, see the following link to download a ready-made servant which you can click at the price you want to place the bet at and the servant will place it when the odds reach that price

https://www.betangel.com/forum/viewtopic.php?f=58&t=16235





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