Settings - Betfair Options
Contains options for enabling/disabling specific types of reporting profit and loss.
• Real Bets P&L Display Mode – If you are trading the same markets with more than 1 session of the BTX, or he is using other trading apps, or maybe the Betfair website, then he may have placed real money bets in more than one trading session for the same market. This setting enables you to choose how he wants the P&L to be displayed on the BTX screen. This applies to both the Bets and Results panels.
• Internal Bets Only will display the P&L resulting from only those bets placed in the current session of the BTX.
• External Bets Only will display the P&L resulting from only those bets that have been placed in trading sessions other than the current session of the BTX being viewed.
• Both will display the combined P&L resulting from both internal and external bets.
• Deducting Betfair Commission – The display and export of P&L results can optionally have commission deducted. Your Betfair commission rate will depend on his country location and on the number of Betfair points you have earned. For simplicity the BTX enables you to enter your commission rate on the Settings page. There are two tick-boxes to optionally instruct the BTX to deduct commission from the P&L values displayed on the Results tab (and virtual account) and/or output to the exported results spreadsheet. Note that Betfair commission is paid on the overall net P&L result of all bets placed on a market. So in the case of the exported results, any commission due on a profitable market is divided equally over each profitable selection in that market.
• Auto-retry on Betfair error – Occasionally there may be an internet communication error between the BTX and the Betfair API. If this occurs the BTX will display a message for you and wait for you to respond and indicate whether or not to attempt continuing trading. In most cases such an error is just a temporary situation and trading could continue. If you is not at the screen then the BTX will just wait indefinitely. This setting implements a default 30 second auto-timeout feature such that the BTX will automatically attempt to resume trading after the timeout has elapsed. You may adjust this timeout if required, or set it to zero to instruct the BTX to wait for you to respond.
