Entry Price

In this lesson, you’ll learn how to set the Entry Price for your bets in the horse racing software. This is a crucial step where you decide on the bet type and the price conditions under which your bets will be placed.

Key Points:

• 🎯 BSP (Betfair Starting Price):
  If you select BSP as the bet type, your bet will be placed at the Betfair Starting Price (BSP) at the exact start time of the race.
  • 🔵Back: Place a back bet at the BSP.
  • 🔴Lay: Place a lay bet at the BSP.
• 📊 Price Range:
  You can specify a range within which you’d like to place your bet.
  • Example: If a horse trades within your comfort range of 4 to 7, your bet will be placed at the current market price within that range.
• 🎯 Single Price:
  Place your bet at a specific price, queuing it up to be matched when the market reaches or exceeds that price.
  • Example: In a “Lay the Field” strategy, you might lay every selection at 1.5, leaving the bets to be matched as the odds move.

💡 Important Notes:

• Matching at Best Price: If the market price is already better than your specified price at the start of your betting window, your bet will be matched at the current best price, which could be more favorable than your specified price.
• Unsure of Bet Type? If you’re unsure which bet type to choose, you can set the Price Range to 1.01 to 1000, indicating you’re willing to accept any price.

This step is essential for accurately setting up your bets, ensuring they are placed under the right market conditions for optimal results.