Winner Betting Strategy

Winner Betting in terms of a trigger is backing on an obvious favourite towards the end of the race or a match when the event is in-running.

This method is somewhat risky (other runner may draw ahead of your possible winner or another team may score a goal). But in most cases it gives positive results if performed reasonably.

Using Trigger Betting facility of MarketFeeder Pro you can set up sophisticated triggers that will place one or more bets in-running and complete the winner betting procedure automatically.

Let’s review a simple example. For instance, you just want to place a 1000 GBP on a runner that is priced 1.2 or lower – you think this is a winner for sure. There is nothing simpler in MarketFeeder Pro!

Trigger 1

Cell: Winner Back Price
Condition: is equal or less than
Trigger Value: 1.2
Action: back
Price: best
Amount: 1000
Market: select race from drop-down list
Selection: Winner
Active: once in-play & wait

The word “best” in the “Price” column gives MarketFeeder Pro directions to place the bet at the best price (or prices) available. That is, if the moment your trigger snaps into action the runner is actually priced 1.18 and amount offered is 500, the bet will be divided between 1.18 and 1.17 automatically because you offer more than 500 and you want your bet to be matched totally.

But there are hidden pitfalls here: the price of this runner can jump up to – say 10.0 and your bet will be placed at that “best price available”.

You can reinsure and set the “Price” to exactly 1.2, but then it may stay unmatched if the runner’s odds keep dropping.

A possible workaround could be to check after the bet is made and correct it if it is unmatched:

Trigger 1

Cell: Winner Back Price
Condition: is equal or less than
Trigger Value: 1.2
Action: back
Price: 1.2
Amount: 1000
Market: select race from drop-down list
Selection: Winner
Active: once in-play & wait

Trigger 2

Cell: Triggers Worked Out
Condition: is equal to
Trigger Value: 5
Action: cancel then back
Price: best
Amount: back_unmatched
Market: select race from drop-down list
Selection: All Matching Selections
Active: once in-play & wait

I’ll explain what trigger 2 does.
It checks if trigger 1 has worked out – it means if trigger 1 was actually executed. “Trigger Value” is set to “5” because we assume that Trigger 1 was recorded in row 5 of the trigger table.

So after the first trigger is executed the second one cancels the unmatched portion of the bet and places another one, this time at the best price available (keeping in mind that if there is an unmatched portion left then surely this runner was not priced “over” 1.2).

Now, let’s enhance our condition yet more. How about backing on a winner only if all other runners’ odds are higher that certain level, say 5.0? This way we would make sure that no one else claims to be a winner on par with the lowest priced runner. With triggers this rule would be expressed in two patterns: “winner back price is equal or less than 1.2” and “second winner price is higher than 5.0”. Why second winner? Because if the runner that is standing next to the winner is priced above 5.0, then surely all other runners are priced even higher!

Here’s the trigger you might set up without the first condition (winner back price is equal or less than 1.2):

Trigger:

Cell: Second Winner Back Price
Condition: is higher than
Trigger Value: 5.0
Action: back
Price: 1.2
Amount: 1000
Market: select race from drop-down list
Selection: Winner
Active: once in-play & wait

In order to add this condition we must apply one of the predefined trigger variables that is called “back_price”. It evaluates to the current back price of the selection we bet on – in our case, the winner. With predefined variables we may define “Price” and “Amount” columns of a trigger. Let’s modify “Amount” column so that if back_price is greater than 1.2 the amount will be 0 and out bet won’t be placed:

Trigger:

Cell: Second Winner Back Price
Condition: is higher than
Trigger Value: 5.0
Action: back
Price: 1.2
Amount: “=IF(back_price>1.2, 0.0, 1000)”
Market: select race from drop-down list
Selection: Winner
Active: once in-play & wait

This trigger prevents us from betting when the situation with a winner is still indefinite and the first two favourites are priced, for example, 1.2 and 2.0. If bet amount is less than 0.01 no bets will be placed.

MarketFeeder Pro will “know” that the bet amount was invalid and will try again as soon as the condition becomes true. The number of such attempts can be configured.

These are only simple examples of the way winner betting strategy can be realized with MarketFeeder Pro. Various settings of the application will help you to construct your own trigger both safe and of the highest quality.

Learn more about MarketFeeder Pro!