If you search the forum, you can find explanations.
However, basically you do this:
1 Make a bet at minimum stake (say 2.00) for odds that nobody will take (so 0.01 for a lay and 1000 for a back)
2 Adjust your stake (from 2.00 to 2.50). This will result in you having two bets, one for the original stake and one for the extra.
3 Delete your original bet (the 2.00 one)
4. Alter the price on your remaining bet so that someone will take it
OK so i did some testing today calling various bets from my BetBot. I am based in Australia and betfair has a minimum $5 back or lay bet.
If I try to back or lay a first time bet of less than $5 then the bet is rejected ! However .....
If I back a runner for $5 (say at odds of 100/1) which means it remaining unmatched, I can now call the CancelBet and Reduce the bet back to $1. If the Back bet is only $1 then I can place another Place Bet and increase the bet to $2. Note I have a bet id for the second $1 bet as it sits further back in the queue.
This is good because when I am testing a new system I prefer to use $1 Back or $1 Lay bets.
OK so i did some testing today calling various bets from my BetBot. I am based in Australia and betfair has a minimum $5 back or lay bet.
If I try to back or lay a first time bet of less than $5 then the bet is rejected ! However .....
If I back a runner for $5 (say at odds of 100/1) which means it remaining unmatched, I can now call the CancelBet and Reduce the bet back to $1. If the Back bet is only $1 then I can place another Place Bet and increase the bet to $2. Note I have a bet id for the second $1 bet as it sits further back in the queue.
This is good because when I am testing a new system I prefer to use $1 Back or $1 Lay bets.
Do you know betfair hub, what is profitability of their tipsters or machine learning strategies?
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