Backing Runners In Play
 

A question for those who do it, how difficult is it to back a runner if it's price in running hits 1.50 and get matched?

Shaun, I assume you're talking about a Lay-Back scenario whereby the Back bet is your hedge against further losses?

If so, it's something I've been looking at (by no means an expert) and can only summarise with, "there's no fix-all formula". Some markets just jump from say $1.80 to $1.30. Others, just when you think you've found a limit they touch it, you take a loss, and it bounces straight up and you could've made a motza if you held your nerve! Very difficult.

My summation is, only hedge manually (not with a bot), watching live vision, as most of the moves that go against you are wishful thinking Backers or blind bots just following an algorithm, whilst you can plainly see the horse is about to get swamped by fast approaching backmarkers. Good luck.

Whilst on the subject of motzas, taking advantage of those huge price spikes is a thread on the Bet Angel forum (accessible to anyone) called 'Fat Fingers". You set a bot up with limits way out of the market, hoping to catch one? Could be a nice 'xmas stocking' filler, working in the background.
Here's a youtube: https://www.youtube.com/watch?v=JOmK7dQqnR4

Thanks for the info, i guess like everything Betfair just because it is there you can't always get it, i will have to run some live trials as i always do to see how this works.

A good example was Lismore 1. Metsalla $1.83 never lead, but After The Bounce always had it's nose in front and looked the winner, despite the photo finish. However, Metsalla went over the line with a $1.01 Back price. Any bot would have choked long before and triggered the hedge.