hi help please

[jpsbetting]

i have just started with the toy
i have previously used other software
going ok

but now i have someting i dont understand

in staking and tools
when set to stake it works fine ie 2 pounds bets 2 pounds
if i change the stake type to tick profit and refresh still using 2 stake the bet is for 20 why? if i changed to 10 the bet is 100 why?


also
when laying if i set to stake 100 it lays 100
if i change to laibility it lays to lose 100 fine

but if i change to tick profit no bets are placed


any help would be grateful

jules

[custard]

Staking & Tools
The Staking & Tools window allows you to control and set for the whole application:


Default Back Staking


Default Lay Staking


Default Stake Type


Fill or Kill


Tick Offset





Default Staking – Stake
To alter the Default Stakes you click in the stake box and type in the new stake. Alternatively, you can right click over the Stake Box, which will bring up the Stake Menu. The new stake will automatically be used for the Grid. To update the default stake for the Ladder it is necessary to click the Refresh Button.





Default Staking – Stake Type
To alter the Default Stake Type you click on the Staking Type Box and the Staking Type Menu will then be displayed. Select the stake type you require as default and the Staking Type Box will update showing the new default stake type that has been selected. Clicking the Refresh Button will then update the default staking type in the Ladder.




In the below examples it is assumed that the default stake box is set to £10


Stake - this refers to the stake you place if you are placing a back bet or the stake you are accepting if you are placing a lay bet. For example:


Placing a Back bet at 5.0 would give a £40 profit if the selection won and a £10 loss if the selection lost


Placing a Lay bet at 5.0 would give a £10 profit if the selection lost and a £40 loss if the selection won





Liability - this refers to the liability the person taking your back bet accepts if you place a back bet and the liability you accept if you place a lay bet. For example:


Placing a Back bet at 5.0 would give you a £10 profit if the selection won and a £2.50 loss if the selection lost


Placing a Lay bet at 5.0 would give a £2.50 profit if the selection lost and a £10 loss if the selection won





Tick Profit - this type of staking is for trading and refers to how much you make for one tick before greening up across all selections. For example:


Placing a Back bet at 5.0 would give you a £400 profit if the selection won and a £100 loss if the selection lost


Then placing a Lay bet at 4.9 would give you a £390 loss if the selection won and a £100 profit if the selection lost


Therefore your net position would be a £10 (£400 - £390) profit if the selection won and no loss or profit is the selection lost (£100 - £100)





Book Profit - this type of staking is for trading and refers to how much you make for one tick with greening up across all selections taken into account. For example:


Placing a Back bet at 5.0 would give you a £1,960 profit if the selection won and a £490 loss if the selection lost


Then placing a Lay bet at 4.9 would give you a £1,950 loss if the selection won and a £500 profit if the selection lost


Therefore your net position would be a £10 profit if the selection won (£1,960 - £1,950) and a £10 profit if the selection lost (£500 - £490)





Payout - The bet placed is the amount in the stake box divided by the odds. This staking type can be used for auto hedging counter trades. For example placing the below 2 bets would give a 50 pence \ cent profit across all selections…


Placing a back bet at 5.0 with £10 in the stake box, would place a bet of £2. { £2 Stake + £8 Liability = £10 }


Placing a Lay bet at with £10 in the stake box 4.0 would place a bet of £2.50. . { £2.50 Stake + £7.50 Liability = £10 }

[custard]

I have received your message. I advise you to stick to the simple "Stake" setting until you fully understand the others. The "tick" setting fixes the profit for a one tick movement of the market in your favour and it may well place bets which are too high for you at present. You can trade perfectly well without using the other settings at this stage. In fact, you may never wish to use the other settings, I certainly don't use them.

[Temujin]

I looked at answering this and then I realise I wouldn't have a clue what most of them do.
Liability to trade, and stake to bet/arb.... Other ones, who knows....

[custard]

I looked at answering this and then I realise I wouldn't have a clue what most of them do.
Liability to trade, and stake to bet/arb.... Other ones, who knows....

You could end up with a nasty surprise if you changed the settings to "tick profit" as the figure set represents the profit to be made per tick. If the market moved the wrong way it would be possible to lose a "shedful of money" before realising what was happening. It might be useful for a seasoned trader who had a big bank and who was fully familiar with it but for people like me it is a "no go area".