Gavin wrote:Cym27 wrote:I was testing the Lay The Field spreadsheet yesterday in Demo mode and came across the following situation a couple of times:
In the following photo, the horse on row 9 had been favourite, dropped below 2 in the odds and was therefore laid. Then the horse on row 8 took over favouritism, dropped below 2 (1.99) in the odds, but failed to trigger a LAY bet.
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Hi Cym27,
The formula monitors the best available price to lay, not the last traded price. So it is possible that the last trade was at the back price, if the market was 1.99 to back, 2.00 to lay. This would not have triggered a bet because the lay price was not below 2.00. I wonder if this explains that situation that you saw.
Some users may prefer using the last traded price rather than the best available price. I think I might be more inclined to use the best available price for this strategy, but it is just a personal preference. You can change the formula if you prefer.
Kind regards,
Gavin
Ah - that could explain it as I was watching the last traded price. Thanks for making that clear and it would explain why the Lay bet went in later for the same horse when the price fell again. Thank you.
Steve.