Other Bet 1 Criteria

The bet plan section provides a further set of criteria that can be specified to control when Bet1 can be placed:

No of Active Selections Range (Number of runners etc) Bet1 will only be placed if the number of active selections in the market (i.e. excluding non-runners) is within the specified range. ie. Horse races with a min and max number of runners. Soccer match odds markets would have 3 active selections, home, away and draw.

No of Active Selections List – Available with BTX Ultimate – Specify the number of active selections or number of runners as a list of specific values, for example: 1,3,5. In this example Bet1 will only be placed if the number of active selections or runners in a race is one of these values. IE. In a horse race with 1,3,5 runners only.

No of Market Winners Range - Bet1 will only be placed if the number of winners for the market is within the specified range. Most markets have only one winner and therefore this range should be set as 1 to 1. With multiple winner markets, however, (such as horse racing PLACE markets) you may wish to limit the markets traded based on the number of winners. For example, if you do not want to bet on markets with 2 winners or less then he can set the range as 3 to 99. Or if you only want to bet on markets with 4 winners then he should set the range as 4 to 4.

Max No of Non-Runners – Bet1 will only be placed if the number of non-runners in the market is less than or equal to this value.

Max No of Bet 1’s – This specifies the maximum number of selections that Bet1 can be placed on. So, for example, a value of 1 will limit the number of bets to 1 and if more than one selection qualifies under the bet plan criteria only the first one identified will receive a bet.

Minimum Market Volume Traded - Available with BTX Ultimate. This specifies the minimum that must have been traded on the market before Bet1 can be placed. The value is in the currency of the your account. If this option is not required then set the value to zero.

LPM Range of the Favourite - Available with BTX Ultimate. This condition specifies the range of acceptable Last Price Matched (LPM) of the current market favourite. The favourite being the runner with the current lowest LPM. If the LPM price falls out of this range then Bet1 will not be placed. If you are not concerned about the LPM of the current favourite then you should specify the price range 1.01 to 1000.00. Note that if the bet plan has the Selection ‘1st Fav’, the Bet1 price trigger is ‘Last Matched’ and the Bet1 period is not ‘In-Play Only’, then this condition is already catered for in ‘Bet 1 Trigger Conditions’ and will not be displayed here.

LPM Range of Selection - Available with BTX Ultimate. This condition specifies the range of acceptable Last Price Matched (LPM) values for the selection on which we wish to place Bet1. Only those selection(s) that have a LPM that falls within the specified range will be eligible for Bet1. If you are not concerned about the LPM of the selection then you should specify the price range 1.01 to 1000.00. you also has option to specify up to 3 additional LPM prices ranges if required. Note that if the bet plan has the Bet1 price trigger is ‘Last Matched’ then this is effectively a 4th LPM price range.

Do not bet if the LPM of the first 2 faves is within x% - Available with BTX Ultimate. This is an optional condition and will only be applied by the BTX if you has ticked the box to enable it. If enabled the BTX will examine the Last Price Matched (LPM) of the top 2 favourites in the market (the favourite in this case being the selection with the current lowest LPM). If the percentage difference in the top 2 LPM prices is less than or equal to the specified amount then Bet1 will not be placed. The calculation of the percentage difference is a simple method using the actual LPM prices and is equal to 100*(LPM2-LPM1)/LPM2 where LPM1 and LPM are the LPM prices of the first and second favourites respectively.

BSP Range of the Favourite – This condition only applies if the Period setting for Bet1 is In-Play (as the BSP price is not known until this time). It specifies the range of acceptable Betfair starting price values of the favourite in the market. If the BSP of the favourite (i.e. the lowest BSP value) falls out of this range then Bet1 will not be placed. If you are not concerned about the BSP of the favourite then he should specify the price range 1.01 to 1000.00

BSP Range of Selection - This condition only applies if the Period setting for Bet1 is In-Play (as the BSP price is not known until this time). It specifies the range of acceptable Betfair starting price values for the selection on which we wish to place Bet1. Only those selection(s) that have a BSP that falls within the specified range will be eligible for Bet1. If you are not concerned about the BSP of the selection then he should specify the price range 1.01 to 1000.00. With the BTX Ultimate edition you have the option to specify up to 2 additional BSP prices ranges.

Do not bet if the BSP of the first 2 faves is within x% - Available with BTX Ultimate. This is an optional condition and will only be applied by the BTX if you tick the box to enable it. This condition only applies if the Period setting for Bet1 is In-Play (as the BSP price is not known until this time). If enabled the BTX will examine the BSP prices of the top 2 favourites in the market (the favourite in this case being the selection with the lowest BSP). If the difference in the top 2 BSP prices is less than or equal to the specified amount then Bet1 will not be placed. The calculation of the percentage difference is a simple method using the actual BSP prices and is equal to 100*(BSP2-BSP1)/BSP2 where BSP1 and BSP2 are the BSP prices of the first and second favourites respectively.

Conditions for Other selections - Available with BTX Ultimate. This is an optional condition and will only be applied by the BTX if you have ticked the box to enable it. This option allows you to specify that the bet is only to be placed if other selection(s) in the market satisfy certain price conditions. you specifies a price range and the type of price (Back, Lay or Last Price Matched). He also specifies a count of other selections that must satisfy this price range condition. Here are some examples to clarify how the count range is applied:

Count 0 to 0 : There are no other selections with a price in the specified range.

Count 1 to 1 : There is 1, and only 1, other selection with a price in the specified range.

Count 0 to 1 : There is no more than 1 (could be none) other selection with a price in the specified range.

Count 0 to 2 : There are no more than 2 (could be zero or 1) other selections with a price in the specified range.

Count 2 to 2 : There are exactly 2 (no more, no less) other selections with a price in the specified range.

Count 3 to 5 : There are between 3 and 5 other selections with a price in the specified range.

So to summarise, Bet 1 will only be placed during the specified period, when the specified price trigger condition is satisfied and each of the other criteria are also all satisfied.