Cluster Bets | Ipposnif Forum

Cluster Bets Sept 6, 2020 6:52:19 GMT

Post by Ipposnif on Sept 6, 2020 6:52:19 GMT

Since Betfair markets are very volatile, sometimes it could be convenient to split a bet into more "pieces", trying to get matched at different prices.
In the following manual strategy, when the user checks a runner, three LAY bets are created. Each bet is at 5 ticks of distance from the previous one, starting from the best BACK price.
So for example, assuming that the current runner BACK price is 1.71, the first LAY bet will be placed at 1.66, the second at 1.61, the third at 1.56.

Since this is a manual strategy that doesn't follow any specific progression, we can place as many bets we want. Every time we check a runner three bets are placed on it.
The first option means that Ipposnif will check the conditions of this strategy only after a manual user input, the second option will show a checkbox near every runner name.
Bets are placed only on manually checked runners
We want to place 3 bets (every trade).
Only the first bet starts the trade. As soon as the first bet is placed, the other two bets (without triggering conditions) will be placed as well.
The first bet is of type LAY, it persists when market goes in-play, and it is placed at 5 ticks of distance from the best BACK price in that moment.
The size of the bet is the amount of money that produces a liability of 1/10 of the initial capital. In this example, the capital is 10 and the liability for each bet is 1.
This is the most important criteria! It immediately removes the checkbox from the runner, as soon as the bet 1 is created. Don't remove this option, or the strategy will not stop creating bets until it has exhausted the strategy capital.

Bet 2 is placed at 10 ticks of distance.
Bet 3 is placed at 15 ticks of distance.
In this case the option is unused because the checkbox has been already removed when bet 1 was placed.

The three bets are grouped in a single trade.

The price shown is the average of the prices of the three bets.
The liability shown is the sum of the liabilities of the three bets. The liability can be slightly lower or greater due to the cents rounding.