Greening / Hedging
Greening/Hedging
- The Greening Tab on ChromawebMT emulates the OneClick Greening of MTPro,
except that, being NonTransactional, ChromwebMT will not actually place
any bets.
However, if you have the Betfair Website open or you are running another Transactional application, the Greening Tab will give you a useful guide to the stakes required to cover your current liability on a selection, or to Equalise your potential profit whether the selecion wins or loses its event, or to risk an appropriate percentage of your potential profit (or loss).
On opening, if you currently have no bets on this selection at Betfair the Greening Panel will look like this:
but if you do have Matched bets it will look something like this:
Here, MT has detected that you have a Matched Back at Betfair of £67.00 @ 1.28 on Elusive Dream, and it has calculated that, at the Current Price of 1.25, your Lay Stake to equalise, whatever the result should be £68.61 for a guaranteed profit of £1.61.
Alternatively, MT is suggesting that you could cover your Liability and risk 50% of your remaining profit by Laying a stake of £71.02, in which case your Profit will be £1.00 if the selection wins and £4.02 if it loses.
Depending on whether you consider it more likely that the Selection will Win or Lose its event, you can move the Slider towards Liability or Profit to calculate an appropriate Stake.
If you have no Matched Bets at Betfair on the current selection, but you want to try out a "What If?" scenario, then you can enter a "Virtual" Back or Lay, as described at Single Trackers
Your Virtual Bet is shown on the Virtual Bets Tab:
And you can simulate Greening Options for it, based on the current Betfair market by Clicking the "Use Virtual Bets" Button on the Greening Panel:
If you have both Actual and Virtual Bets for the current selection you can switch between Greening Options for either by clicking the "Use Actual / Use Virtual Bets" button.
However, if you have the Betfair Website open or you are running another Transactional application, the Greening Tab will give you a useful guide to the stakes required to cover your current liability on a selection, or to Equalise your potential profit whether the selecion wins or loses its event, or to risk an appropriate percentage of your potential profit (or loss).
On opening, if you currently have no bets on this selection at Betfair the Greening Panel will look like this:
but if you do have Matched bets it will look something like this:
Here, MT has detected that you have a Matched Back at Betfair of £67.00 @ 1.28 on Elusive Dream, and it has calculated that, at the Current Price of 1.25, your Lay Stake to equalise, whatever the result should be £68.61 for a guaranteed profit of £1.61.
Alternatively, MT is suggesting that you could cover your Liability and risk 50% of your remaining profit by Laying a stake of £71.02, in which case your Profit will be £1.00 if the selection wins and £4.02 if it loses.
Depending on whether you consider it more likely that the Selection will Win or Lose its event, you can move the Slider towards Liability or Profit to calculate an appropriate Stake.
If you have no Matched Bets at Betfair on the current selection, but you want to try out a "What If?" scenario, then you can enter a "Virtual" Back or Lay, as described at Single Trackers
Your Virtual Bet is shown on the Virtual Bets Tab:
And you can simulate Greening Options for it, based on the current Betfair market by Clicking the "Use Virtual Bets" Button on the Greening Panel:
If you have both Actual and Virtual Bets for the current selection you can switch between Greening Options for either by clicking the "Use Actual / Use Virtual Bets" button.
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As mentioned in Single Trackers
for Virtual bets, you can enter any Odds you wish in the MinBack or
MaxLay boxes and MT will simulate these having been matched, so, similarly,
when tracking your Greening Options, if you want to see what the options
would be at a Price other than the current Acual market, then just
enter your theoretical price in one of the boxes. If only real life was so accommodating! |