Dobbin

[Dobbin]

Pippin,
Use the SP button on Betfair. When you select the horse to bet on the box comes up on the right where you will enter your stake. Above that box is an option to “Set SP odds limit”. If you click on the checkbox a “Set min price” box appears which will have the current price in it. Change the price to 4.00, put in your stake and place your bet. Your money is then allocated to that bet so your account balance will decrease by the stake amount. If the horse goes off with a BSP of 4.0 or above the bet will be placed, if not the stake will be returned to your account. BSP is not know until the moment the race goes off, so it is not possible to see what it will be prior to the start. The figures they show in white in between the blue and pink SP boxes is just a guide which can often be way out.

This way you can guarantee getting the same prices as Jacqueline shows in her results as she uses BSP. There is no grey area around whether the price did or did not go under or over 4.0 just before the off. The only disadvantage is that once you have placed the bet you cannot cancel it if you change your mind. You still need to watch the results so you can stop once the target is reached, or find a bot that can operate using Betfair SP.

Hope that helps.

[Dobbin]

Jon,
If your bot is able to use BSP and the “Set SP odds limit” function you just need to put in all the potential selections with the limit set to 4.0 and let it go. It should stop when your profit target is reached. Often BSP comes out a bit higher or lower than the market price just before the off (it is worked out using weight of money on each side so it not known until after the race goes in play), so if the bot looks at the price just prior to the off time there is always potential for some differences. Sod’s Law means it will always exclude the winners but include the losers.
Just a thought.
Dobbin

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