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I'm a Geeks toy rookie - Can someone answer a couple of queries?

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  • I'm a Geeks toy rookie - Can someone answer a couple of queries?

    Okay - I've been trialling GT for a couple of weeks and have been impressed with it generally.
    I'm not, however, impressed with the customer support - it seems that their advice is to ask any questions on this forum - a little disappointing but what can you say?
    There are a couple of questions they seem either unable or unwilling to answer so maybe you guys on here can help!!
    Please note that I have only used GT in training mode to this point as I'm new to trading and have much to learn if I am to avoid being eaten by the Betfair sharks!!
    All these queries refer to horse racing (UK & Ireland).

    1) What is actually happening if I decide not to 'hedge out' of my original trade and leave, for example, a matched lay bet to go in play.
    I have assumed that I would have this lay bet placed in my Betfair account and should the horse get beaten I would have a winning bet.
    Yes I know that this is trading software and that is not trading but I assume that as no counter trade has been placed at Betfair, I would have a winning bet.
    If I allow this to happen in training mode, it seems to assume that the horse has won and I lose my lay liability.
    Surely this can't be right, can it?!
    Can GT differentiate this sort of bet which is totally dependant on the race result?

    2) If I use the stop loss function and a bet is matched (pre race), how, if I decide to do so, can I remove the stop loss bet before the race starts in order to apply a manual stop loss if required - is this possible - if so how do I remove it?

    I would be really grateful for any assistance with this and please feel free to give any general advice that you think might help a GT rookie!
    Thanks for reading my post - I hope to hear from you soon!

    Regards ColonelMustard

  • #2
    The general advice is that you should use the search function on the forum to get answers to your questions, neither of which is original and both have been asked before. My own belief is that a stop loss is a complete waste of time regardless of the method of its implementation. I don't use them and don't answer questions about stuff I don't use.

    As for the first question, the training mode doesn't know the result of the race. It doesn't know if you have won or lost so it cannot keep a running balance for you.

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    • #3
      Hi custard
      Thanks for your reply but I still don't know the answers to these queries.
      I respect your opinion on the use of stop loss and you're possibly right but would still like to know how to remove a previously set stop loss when the original bet has been matched.
      Also, am I correct in my assumption that an open ended trade has actually placed just a single bet with Betfair?
      Its really strange that what seems like a fairly run of the mill query, as both of these seem to be, takes so much effort to get a simple answer to!
      Can you advise me what to put in the search box in order to find info on these two queries?

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      • #4
        Have a looky here ...

        Single bet in training mode info ...

        Cancel stop loss shizzle ...

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