Glossary
A comprehensive guide to terms, tools, acronyms, and abbreviations used throughout Hedger Pro Version 2.0.
Projects & Strategy Architecture
| Term | Meaning |
|---|---|
| Project | A master strategy container holding related systems that share the same core rules (Back vs Lay side, MTP cutoff, Staking mode). |
| System (Child System) | An individual angle or specific filter configuration sitting inside a project. A runner qualifies for a project if it matches any of its systems. |
| Active Project | A project enabled for live monitoring, generating qualifiers on race cards, and participating in Portfolio automated betting (up to 50 active projects allowed). |
| Draft Project | A sandbox project used for researching, testing, and refining strategies in the background without placing live bets (unlimited draft projects). |
Combined Project (*) | A project created by merging multiple projects together, marked with an asterisk (*) in shortlists. |
| Qualifier | A horse that meets all filter criteria of a saved project or system for a specific race. |
| Pre-Qualifier (⏳) | A runner that currently meets dynamic criteria, but the race has not yet reached the project's MTP cutoff time (visible on today/future cards). |
| Confirmed Qualifier (✓) | A horse meeting all criteria whose MTP cutoff has passed, fully confirmed for betting. |
| Inactive / Paused Qualifier | A horse matching system rules whose project is either in Draft mode or has been temporarily paused for that race. |
| Shortlist | A saved project view on the Cards tab displaying qualifying runners across today's or historical races. |
| MTP (Minutes to Post) | The scheduled execution time in minutes before the official race off (e.g. 5 MTP, 1 MTP). |
2.0 Research Innovation Tools
| Tool | What It Does |
|---|---|
| The Slice Tool | Breaks any multi-category filter (e.g. Courses, Classes, Countries) into its constituent parts side-by-side without manual one-by-one testing. |
| Slice Actions | A one-click feature inside the Slice Tool to automatically split winning slices into separate child systems under a project. |
| The Baseline Tool | Overlays a dotted market benchmark line on your P&L curve, proving whether your filters add genuine alpha or just market noise. |
| The Glasses Tool | Comparison overlay mode displaying your saved system as a green line and your active test as a red line, letting you see immediately if an iteration improved performance. |
| Feature Importance | Machine-learning analysis ranking each active filter by percentage impact, highlighting key drivers and identifying 0% noise. |
| Discover Mode (Deep Search) | AI feature scanner suggesting impactful unused database filters to enhance your strategy. |
| Book Covered | Capping the cumulative percentage of the betting book taken by your system, with Odds Ascending (eliminating extreme longshots) or Odds Descending. |
| Bets Per Race | A filter capping how many runners your system can select in a single race (e.g. max 1 bet per race). |
| Anti-Backfit Window | Withholding the most recent 6 months of race data from filter charts so you can validate strategies on fresh, unseen data. |
Cards Tab & Layouts
| Term / Feature | Meaning |
|---|---|
| Combined Layout | Shortlist view displaying all qualifying runners in one continuous, seamless table across the day. |
| Separated Layout | Shortlist view grouping qualifying runners neatly by race blocks, with dedicated caption bars and per-race sorting. |
| From Now | A filter in shortlist view showing only qualifying runners in upcoming races from the current time onward. |
| From Start | Shortlist view loading all qualifiers from the very first race of the day. |
| With Quals | Meeting filter option hiding all races that have no qualifiers for your currently ticked projects. |
| Column Editor | Tool (bars icon) to customize visible table columns. Layouts save globally on single races, or per-project on shortlists. |
| Card Settings | Configuration (cog icon) controlling Stats Top Row and Bottom Row display modes (Value, Score, Rank, Rank Score, None). |
Betting Slip & Order Badges
| Term / Code | Meaning |
|---|---|
| Single Bet | A standard back or lay order submitted to the exchange or BSP. |
| Hedge Bet (B2L / L2B) | A two-stage trade: B2L backs first then lays when the price drops; L2B lays first then backs when the price drifts. |
| Target % Slider | The profit target for the closing leg of a hedge bet (100% ≈ double your stake). |
| Scheduled Order | A delayed bet queued to fire at a specific MTP cutoff, subject to minimum/maximum odds and qualifier checks. |
| SB | Scheduled Back order. |
| SL | Scheduled Lay order. |
| B | Back order submitted or matched. |
| L | Lay order submitted or matched. |
| B2L / L2B | Hedge order in progress. |
Performance & Statistical Metrics
| Code | Meaning & Description |
|---|---|
| R / Runs | Number of recorded runs during the lookback period. |
| W / Wins | Number of recorded victories. |
| SR% | Win Strike Rate (Wins ÷ Runs × 100). |
| ROI% / Yield | Return on investment (net profit divided by total stakes). |
| Max DD | Maximum Drawdown: the largest peak-to-trough drop in betting bankroll. |
| IV (Impact Value) | Ratio of actual wins to statistically expected wins (1.0 is average; >1.0 indicates outperformance). |
| PRB | Percentage Rivals Beaten: average percentage of opponents finished ahead of across all runs. |
| ADB | Average Distance Beaten: average lengths behind the race winner. |
| SG | Speed Grade / Score: normalized performance rating. |
| B2L / AHP | Back to Lay Percentage: proportion of races where in-play odds dropped significantly below BSP. |
| SLA | Stride Length Average (Total Performance Data tracking metric). |
| SFA | Stride Frequency Average (TPD stride cadence metric). |
Prices & Market Terms
| Code | Meaning |
|---|---|
| BSP | Betfair Starting Price. |
| WAP | Weighted Average Price of traded exchange volume. |
| PRD | Predicted Price based on liquidity and order flow. |
| POP | Price Opportunity (difference between PRD and actual market price). |
| HP | Hedge Potential score (higher values indicate superior volatility for trading). |
| VOL (K) | Traded exchange volume in thousands of pounds. |
| IPL / IPH | In-play lowest and highest matched odds. |
| Favs / Odds Rank | Ranking by betting odds (1st Fav, 2nd Fav, etc.). |
Account, Porting & Integrations
| Term | Meaning |
|---|---|
| Buffer Commission | Your personal Betfair commission rate (e.g. 2%), entered in Account settings so Bets and Portfolio accurately reflect true net winnings. |
| Simulation Mode | Paper-trading mode in the Bets tab that logs and settles bets with live market prices without risking real funds. |
| Telegram Bet Alert Bot | Automated push notification bot that messages your phone whenever Hedger Pro places or settles a bet on Betfair. |
| Agent API Key | Personal token allowing external LLMs, AI assistants, and custom scripts to query your account data and qualifiers. |
| Porting (1.6 → 2.0) | The migration tool in Project Management that bundles legacy 1.6 systems into modern 2.0 projects. |