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Betfair API Solutions Directory
BotBuilder Home   Specifying your Botbuilder Bot   Pricing and Delivery   BB Calculator BotBuilder
   

At some stage, most BotBuilder Apps  need to refer to the range of Betfair Prices.

The Price Increments, or 'Ticks' that determine the Prices available vary as the Price increases or decreases, thus:
  • 1.01 → 2: increment = 0.01
  • 2 → 3: increment = 0.02
  • 3 → 4: increment = 0.05
  • 4 → 6: increment = 0.1
  • 6 → 10: increment = 0.2
  • 10 → 20: increment = 0.5
  • 20 → 30: increment = 1
  • 30 → 50: increment = 2
  • 50 → 100: increment = 5
  • 100 → 1000: increment = 10
   

So, for example, 1.5 plus 5 Ticks is 1.55, whilst 2 plus 5 Ticks is 2.1 and 10 plus 5 Ticks is 12.5.

To demonstrate this, we've made this calculator which will add or subtract Ticks to Prices.

Sometimes in their Bots, customers don't want to add or subtract Ticks, rather they want to add or subtract a Percentage.

This isn't quite as straighforward as it seems. For example 5.0 plus 100% isn't, as you might expect, 10, but is actually 9.0 (it helps to think in terms of old fashioned fractional prices, e.g 4/1 plus 100% is, pretty obviously 8/1 not 9/1.

The formala we use is NewPrice = 1 + (( OldPrice - 1) * Percent / 100), e.g

1 + ((5 - 1) * 200/100) = 1 + (4 * 2) = 9

but even then you haven't finished because you next have to find the actual 'Betfair Price' that the percentage approximates to:

for example 4 + 33% = 1 + ((4 - 1) * 133/100) = 4.99, so we need to round up to 5.0 to get a 'Betfair Price'

... so we've added a Percentages calculator, to demonstrate the difference between adding/subtracting Ticks and adding/subtracting Percentages.

We've also added calculators for Equalising Profit/Loss if you've Backed To Lay or Layed to Back.

If you find the calculator useful and would like it on your computer you can download it here: calculator.zip (147 Kb).