X-Feeder - the universal betting bot for BetFair Exchange Games

Case Study

Limiting the liability of your betLimiting the liability of your bet

When you are laying, the amount of money you might lose depends on the price you offer. The higher is the price, the bigger is your liability.

I offer you a simple way of limiting your liability to a fixed amount. Suppose, you have a bank of 15, and you want to lay £4 on a hand in poker. But if its price is, say, 6.0, your liability will be 4*(6 - 1) = £20, and that's more than there is in your bank. In that case it would be reasonable to lessen the size of the stake to 15/(6-1) = £3. If in the next game the price is 2.0, you will safely lay £4, as in that case your liability will be only £4.

Right-click here to download the trigger file.

Take a look at the formula in the trigger called "limiting the size of a lay bet". To change the maximum liability value, edit the other trigger, "defining the maximum liability".

If you don't want to use a separate trigger for setting the liability limit, just modify formula and replace the variable with an actual figure. For example, for a maximum of £50 it would look like this:

IF(lay_size*(lay_price-1) > 50, 50/(lay_price-1), lay_size)

 

 

 

 

 

 

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