Backing by Kelly plan BetFair betting bot - MarketFeeder Pro - triggered automated betting software

Update.

Thanks to mcbee who started a related topic at our forum, this trigger example has been corrected.

This example is similar to laying by Kelly plan, only it places back bets.

Therefore, for finding the Average Odds and Strike Rate, inspect your back bets instead of lay bets. Your strike rate will most probably be much lower than that for laying strategies.

The formula for the Expectation will be the opposite:

Expectation = StrikeRate * Stake * (AverageOdds - 1) - (1 - StrikeRate) * (Stake - (Stake * Commission))

Right-click here to download the trigger file.

Be aware that the Expectation may be negative, if the strike rate or average odds are too low (take a look at the formula). In that case the trigger won't place a bet.

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