telstar2 wrote:.....Gavin Iv'e been thinking about the changes which Nigel suggests above. I think these appear to be quite reasonable and I was wondering if it was time once again to amend the LTF3 spreadsheet to reflect that which we have just learned. It does look beneficial.
Hi telstar2,
Yes Nigel's amendments are very reasonable, but I'd rather leave it up to users to decide whether to adopt them, based on their personal preference (in particular regarding the first of his amendments). My personal preference is to submit the bet at a fixed price of 1.61 and hope for a price improvement at the exchange. Whereas the change that was suggested would cause the bet to be submitted at whatever price is prevailing on that horse in that instant, so it might fail to get matched if price moves back up a little bit whilst the bet is travelling through the internet. There is nothing wrong with that, but it is personal preference.
For example, price reaches 1.5, then with version 3 of the spreadsheet, the bet would be submitted at your fixed odds of 1.61, but might be improved to 1.5 if that price is still available when the bet reaches the exchange. However with Nigel's proposed amendment, the bet would be submitted at 1.5, so would only get matched if the price of 1.5 was still available when the bet reached the exchange and got through the in-play delay imposed by the exchange (it would not be matched if price had moved up to 1.6).
Both pricing methods are potentially good. It just depends whether you want to try to ensure that you get the lower price (as price fluctuates around it) or whether to try to ensure that it gets matched by submitting at the higher price. I prefer the later, but that doesn't mean it is the best way because I haven't tested both.
I haven't had time to test the second proposed change, but I feel confident that is would be a good one, because Nigel is experienced at coding these things.
Kind regards,
Gavin