Place Conditional Bet Action

Updated on 2024-07-26

This type of action is used to place a conditional bet, the parameters to set for this action are described below.

Market
- This Market: the conditional bet will be set on the same market to which the strategy is applied.
- Other market of this event: the conditional bet will be set on the specified market, belonging to the same event as the market to which the strategy is applied.

Selection
- By Betfair Row: indicate the exact order number as the selection appears in the Betfair list.By Back Price Position: The position of each selection can vary over time. Position 1 will indicate the selection with the lowest Back price among all selections.
- By Lay Price Position: The position of each selection can vary over time. Position 1 will indicate the selection with the lowest Lay price among all selections.
- By Volume Position: The position of each selection can vary over time. Position 1 will indicate the selection with the highest traded volume among all selections.
- By Last Traded Price Position: The position of each selection can vary over time. Position 1 will indicate the selection with the lowest last traded price among all selections.
- By Name Containing: Identify a selection by name by indicating a substring of characters contained within the name or the full name.
- By P/L Position: The position of each selection can vary over time. Position 1 will indicate the selection with the lowest P/L value if it wins.

Action
- Back
- Lay

Trigger Odd
This is the price the market must reach to trigger the placement.

Placement Odd
This is the price at which the conditional bet is placed once the activation conditions are met.

Stake
In this box, indicate the amount you wish to bet.
The stake can be specified as:
- Fixed value
- Percentage of the bankroll
- Percentage of your Betfair account balance. The current balance is equal to the bankroll minus the exposure.
- Preset Value. In this case, specify one of the Preset Stake Values that have been defined in the strategy.
- Value derived from a formula. For the variables that can be used in the formula, refer to the page related to the Formula Condition.

Follow Best Book Price
By selecting this option, the conditional bet will follow its activation/placement price values in line with the best price in the book if the movement of this is favorable to our trade.

Keep it if market is suspended
If this option is selected, the conditional bet will be maintained even in the event of market suspension and return to play.

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