Betting OptionsBetting Options
Stop-Loss Settings
Stop automated and trigger betting when the balance reaches ...
Turn this on if you want to stop all kinds of automated betting (Auto-Greenup, Auto-Dutch, Spread Loss, Distribute Loss and Trigger Betting) as soon as your balance reaches or exceeds the specified value. As soon as you transfer or lose some amount that will bring the balance back to something less that this value the betting will be resumed.
Spread loss when current back price is less than ...
When turned on this option automatically spreads the potential loss on any selection which has back odds less than the specified value. Please beware of the possible getting into a loop: if there are two or more selections in the same channel priced below the specified value X-Feeder will make attempts to spread the loss on each of them. This may result in numerous back bets on all of these selections until both P/Ls become zero.
Distribute loss when the current back price is less than ...
When turned on this option automatically distributes the potential loss on any selection which has back odds less than the specified value. Please follow the same advice as given for the previous option.
General Betting
Request confirmation for every betting action
Tick this box if you want X-Feeder to request your confirmation each time it's going to back, lay or cancel a bet. The software will pop up a message box with the description of what it's going to do and will suspend the work until you confirm or cancel this action.
At the start of every game adjust default bet amounts as ... per cent of the current balance
This option allows you to adjust your default bet amounts to your current balance (bank). If turned on it will check your current balance at the beginning of each game (in the channels that will be running by that time) and set the specified per cent from this balance as your default back and lay amounts for each channel. Here is an example:
You current balance: 50 GBP, the option is set to 4% of the current balance
Default back and lay amounts: 2 GBP
You're betting in Poker and Baccarat channels.
Poker: back 2 GBP at 3.98, won 5.96 GBP
Baccarat: lay 2 GBP at 1.95, lost 1.9 GBP
Your balance: 50 + 5.96 - 1.9 = 54.06
If both games finished at the same time your bet amounts will be changed to 2.16 GBP.
If Poker game finished first, then your next bet size in Poker will be 2.24 GBP.
Use lay amounts as liabilities
If you turn this option on your default lay amount in every channel will be regarded as the bet's liability (the maximum amount that you are ready to lose on a bet). Also in every trigger that place a lay bet the bet size will be also considered a liability. Therefore turn this option on if you want the bet size to depend on the price. For example, if this option is off and default lay amount is 5 EUR, X-Feeder will lay 5 EUR at 2.0, and it'll lay 5 EUR at 40. In the first case your liability will be 5 EUR, and in the second case it'll be 195 EUR. However if this option is on in the first case it'll bet 5 EUR, and in the second - 0.13 EUR.
Update list of bets once per ... sec
X-Feeder periodically retrieves the list of your matched and unmatched bets from the BetFair server. This option determines how frequently your bets and selections' P/Ls will be updated. This option also influences the performance of Auto-Greenup, Auto-Dutch, Spread Loss and Distribute Loss functions. In order to prevent the software from placing the same bets several times (for example green up the same selection twice because the P/L had not updated by the time the second calculation took place) X-Feeder waits for 3 cycles of bet list updating before attempting to check for the aforesaid opportunities again. Here is an example to help you understand what it is all about.
Refresh rate: 2 sec
Update list of bets once per 5 sec
Auto-Greenup is turned on
You back 4 GBP at 5.0 on "Dealer..." and next round its price falls down to 2.4. X-Feeder detects the opportunity for greening up and lays 8.33 GBP on "Dealer...". Next refresh will take place in 2 sec., and X-Feeder will see the same P/L with no lay bet because bets are updated less frequently (only once in 5 sec). Therefore there is a danger that X-Feeder will place the same bet again.
However this will not happen because of the aforesaid precaution measures.
Now if you are going to use Auto-Greenup, Auto-Dutch, Spread Loss and Distribute Loss functions set this option to a value no bigger than the average duration of a round divided by 3. Otherwise the application may not have enough time to place the automated bet.
Automatically adjust bet size if it is less that the allowed minimum
Tick this option if you want X-Feeder to automatically increase the bet amount to the minimum bet size allowed in your currency. This option will be useful if the auto-trading calculations end up with a bet amount less than the minimum but not placing this bet at all would do more harm than placing a minimum bet at the same price.
For example, you are going to apply automatic green-up to Poker hands. So in the second round you lay 12 EUR at a price of 2.46 on Hand 2. In the next round the price jumps up to 8.95. The green-up proportion requires the size of the lay bet to be 12*2.46/8.95 = 3.3 EUR. It is less than the allowed minimum of 4 EUR. But not laying at all would be riskier than laying 4 EUR at 8.95. In the latter case you will end up with different winnings depending on which hand wins. But at least you will have a positive P/L with no risk:
02/05/2007 16:33:45: Laying 12.00 EUR at 2.46 on selection 'Hand 2'
Bet posted successfully
02/05/2007 16:34:33: Backing 4.00 EUR at 8.95 on selection 'Hand 2'
Bet posted successfully
Please be aware that in Auto-Dutching this option will be useless since the proportion is critical there.
Previous Profit/Loss Settings
Retrieve the information about the Previous Profit/Loss directly from BetFair
Choose this option if you want X-Feeder to download the results of the previous game directly from the BetFair server at the start of each game. This will guarantee that the results are settled correctly. However this may not always return the correct Previous Profit/Loss because at the beginning of the next game the results may still be not settled or the server will fail to return them.
This method also takes more time because the results are obtained from the Internet. This option is set by default.
Remember the information about the Previous Profit/Loss from the previous game
Choose this option if you want X-Feeder to "remember" the results of the previous game and calculate the Previous Profit/Loss accordingly. The calculation is based on the bets you made and on the information about winning and losing selections returned from the BetFair server in the end of the game. This method requires less time which is very important at the beginning of the next game. But it may fail to make the calculations if you placed your bet(s) in the last seconds of the game, in the last round. In that case X-Feeder may not have enough time to get the latest bet from BetFair, therefore the Previous Profit/Loss will not include this bet.
Please Note! None of these methods guarantee that the Previous Profit/Loss and/or Total Profit/Loss figures will be calculated correctly. X-Feeder depends on the API, so if the BetFair server freezes in the last round without returning the results of the game and jumps to the next game at once the results will be impossible to update.