The Conditional Bet feature allows you to place a back or lay bet in the market when the best available odds reach a specified desired value. You can use this type of bet to set up, for example, a Stop Loss.

To set a conditional bet, right-click on the ladder in the column of available back odds above the value of the best available back odds if you want to place a lay conditional bet, or in the column of available lay odds below the value of the best available lay odds if you want to place a back conditional bet.

A conditional bet is characterized by two odds:

- activation odds: the odds that, if reached by the best market odds, activate the execution of the order
- placement odds: the actual odds at which the order will be placed.

If bet confirmation is not active, the conditional bet order is set in the market with the activation odds equal to the placement odds. If confirmation is active, the confirmation window allows you to specify different placement odds for greater security, ensuring the order is executed even in high market volatility. If the placement odds differ from the activation odds, the ladder will show two differently colored cells indicating the two odds.

The following figure illustrates an example of a lay conditional bet:

Dragging the boxes with the two stake values using the mouse allows you to quickly modify the activation and placement odds directly from the ladder.

If the selected odds would cause immediate execution (e.g., setting a lay conditional bet within the range where it would immediately queue in the market, below the best available back odds), the ladder will not accept the command.

In the New Conditional Bet window, you can set the bet type, the value less than or equal to the available odds that should trigger the bet, the placement odds, and the stake to be used. You can also activate the option for Betting Toolkit to follow the best odds, automatically adjusting the available and placement odds based on the natural movement of the market odds when it is open.

Odds Following Function
As mentioned, you can instruct Betting Toolkit to automatically adjust the conditional bet odds to follow the market trend. The adjustment only occurs in the favorable direction and does not compromise the Stop Loss function. For instance, suppose you have placed a back bet and subsequently set a stop loss with a lay conditional bet. If the market odds (best available back odds) decrease, the stop loss will adjust to correspondingly lower values. If the market moves in the opposite direction and the odds increase, the stop loss will remain where it was set to protect your position from more significant losses.

You can modify a previously placed Conditional Bet by clicking the left mouse button while holding down the CTRL key on the bet's activation odds.
Clicking the left mouse button without holding the CTRL key will cancel the Conditional Bet.
Once created, the Conditional Bet will appear on the ladder and in the "Pending" list in the Market Window.