Triggers with tag "Favourite"
Late into a football match, for example around 80 minutes and if there is a 1 goal difference (e.g. 1-0 or 2-3), lay the winning team for a low liability. Then green-up a possible equalising goal.
It combines several aspects. It is a trading trigger that concentrates on the favourite. It is based on Welles Wilder's Relative Strength Index (RSI) which he developed for the stock market a long time ago but it can be used in high volume betting markets.
Lay on two selections whose prices fell below 2.0, to win a fixed amount of money if any of them wins.
Lay on the third and fourth favourites in the races with 9 or more runners, if the price of the fourth favourite is no higher than 9.0. Place the bets at 5 mins before the off.
Wait till the favourite (or second, third etc. favourite) wins X races in a row, then lay on the next favourite with a simple loss recoupment plan, until you win or reach a maximum loss.
This is a simple betting example that could be used in a market with three possible outcomes, such as "Match Odds" in Soccer (the most popular application area).
The idea of a user who suggested this example is quite specific. He wants to bet in the market where the favourite changed 3 or more times over the given time.
Back £2 on the favourite if its odds are between 1.5 and 3.0, in place markets. If the bet lost, increase the next stake by £2 till the bet wins. Then keep decreasing the bet size by £4 till it reaches the original size of £2.
Lay 5 EUR on the favourite in place markets, if its price is below 2.0. If the bet lost recoup the losses in the next market until the win, then revert to 5 EUR.
Back the favourite at 20 sec after the off, to a profit of £10, but only if its price is above 2.0 and the second favourite's price is no less than 10 ticks above the favourite's price. If the bet won then stop all betting, otherwise bet to produce £10 + the previous bet size in the next market, on the same conditions.
This is a simple implementation of "each way" betting whereby you place two equal bets on the same runner to win a race and to finish in the first places. This trigger will work in win and place markets for Horse Racing.
Lay on the favourite if it is priced between 2.0 and 4.0, it's been at least 30 sec since the beginning of the race, and the second favourite's odds are no more than 6 ticks away from the favourite. Bet only if there are at least 10 runners in the race.
An interesting trigger to try, preferably in test mode. The trigger will back the favourite. If the favourite changes it will back the new favourite, and continue to do this until the end.
Back 10% of available funds at best price on the favourite in the place market, if the 3rd favourite in the WIN market has a price greater than the number of runners in the race + 1. I.e. in a 10-horse race, if the 3rd favourite has a price greater than 11.0, 10 being the number of runners + 1, then that would qualify.
Lay £2 on the favourite and second favourite in a place market, if the sum of their odds does not exceed 3.8. Place the bets at 1 minute before the off, provided there are 10 or more runners.
At 30 seconds after the event goes in-play determine the favorite, but do not take any action at that moment. Once the determined favorite has reached a value of 1.2, back it at a price of 1.15. If the favorite doesn't reach that value skip the event.
Back and lay on the same horse: lay to a fixed liability on the favourite in the win market if the odds are between 2 and 5.0. Back a fixed amount on the same horse in the place market providing the odds are 1.5 or higher.