Tools—OCO Tool–Order Cancels Order

This tool allows you to place a bet and then place two further bets at the same time. When one gets matched, the other will cancel. Say you lay the draw in a football game at 4.1. You can then set up an exit trade at 8.20 and a stop loss at 2.00. So the game kicks off and there is a goal. All bets get cancelled and the price opens again at 5.80. As the price starts to drift and it reaches 8.20 your bet is submitted and should be matched and the bet at 2.00 is cancelled without ever being submitted.

The other scenario is no goals are scored and the price drops to 2.00 and your “stop loss” bet is triggered and the bet at 8.00 gets cancelled.

The beauty of this tool is you don’t need to monitor the game, or even be at home. As long as it is set up correctly, Evo will trade on your behalf. Make certain you have the correct selection set up from the drop down box as Evo will not know you laid the draw and you will have three selections, Team A, Team B and the draw to choose from. Don’t put the OCO bets on Team A or B by mistake.

Here we have placed a £25 lay bet on the draw and asked Evo to back £12.50 at the LTP (last traded price) once the price is above 8 or place a £50 bet at the LTP once the price is below 2.00.

Watch this video of the order cancels order tool in action.