In-play backing on possible horse race winners in Place markets
These triggers are simple yet reliable. Choose Place markets of UK and Irish races with up to 4 places on BetFair.
Back on the current favourite at 70% of the race (e.g. if the race is expected to run for 100 seconds, then back after 70 seconds have passed since the start). If any other horse gets ahead of the favourite you have backed on, back on that horse as well.
Capitalizing on the horse racing statistics we have accumulated over the years, the triggers can spot the right moment to place the bets, not too soon, not too late. You can experiment with this time by editing the special constant inside the file.
Since you will be backing in Place markets, you will often get profit from both back bets, as the horses you will be backing on may take the first and second places.
Since BetFair does not provide any indication of the length of a race in Place markets, you will have to add both Win and Place markets for the races you want to bet in. That should not present any problem, the win markets will be used to calculate the duration of the race, but the triggers will never bet in them.
You can adjust the settings of the triggers using the following constants:
|max_places||Maximum number of places|
|bet_size||Size of the bets|
|bet_time||When to place a bet (percentage of the approximate race duration)|
|min_distance||Minimum race distance (in meters)|
Triggers in Action
The first trigger will kick in at approximately 70% of the race, backing on the horse with the lowest price (the current favourite).
If the favourite does all the way down to 1.01, the betting is done for this race. However, if another horse gets ahead of the one you backed on, the second trigger will place another back bet of the same size on that horse.
The difference from just backing on two current favourites is that you have to wait for a few seconds to see if some outsider begins to gain speed and get to the top positions after you placed the first bet.
Below is the best-case scenario, as both bets have won: