BetFair betting bot - MarketFeeder Pro - triggered automated betting software

Universal loss recoupment plan BetFair betting bot - MarketFeeder Pro - triggered automated betting software

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For version 6.0 or higher!

We offer you a universal loss recoupment plan that can be helpful, if it is impossible to predict what exactly the profits from your bets will be.

In this plan the losses from the previous markets are added to every stake you place in the next market. If you end up with loss, this loss is added to the existing loss amount, and is then added to the next stakes. If the market was settled with profit, this profit is deducted from the total loss figure, and the amounts of the next stakes automatically decrease. These steps are repeated until the loss is completely recouped.

For example, this sort of loss recoupment may come in handy when you bet to hedge (green up) in every market. Since the price change is unpredictable, in the beginning of the trading you don't know for sure how much profit you will make from one greening-up operation (when you first back, then lay to close your position, or vice versa).

Another example is implemented in the trigger file below. The system lays on the first several places in each place market (in horse racing). As it may lay on different number of selections (from 2 to 4), and at different prices, the final profit/loss generated by these bets is unpredictable. Therefore, the universal loss recoupment plan works quite well here.

Right-click here to download the trigger file.

The important thing to understand in this plan is that the speed at which the loss is recouped will be different depending on how much profit you made in the previous markets. It can't be described as a geometric or arithmetic progression.

The following picture demonstrates what I mean. In the first race the trigger places three lay bets, each having the size of £2, and two of them lose with the cumulative P/L of -4. In the next market the stake size is increased by £4, resulting in three bets of £6 each. Their P/L this time is -4.8, with total P/L being -8.8, so in the next market the size of each bet is 4 + 4.8 + 2 = £10.8.

 

The trigger that places a bet is called "laying on selection". You will most probably want to replace it with your own trigger. Please note: you need to keep the "+ current_loss" part in the formula when you will be changing the trigger. For example, if you will be laying to a fixed liability of £10, then change the "Amount" field in the following way:

10/(lay_price-1) + current_loss

The rule is somewhat different for backing. If your trigger places a back bet, then we'd recommend to use a formula like this one:

For normal backing:

default_backa + current_loss/(back_price-1)

For backing to a fixed profit:

(default_backa + current_loss)/(back_price-1)

comments:
  1. chem on it @ Thu, 01 Jan 1970 00:00 GMT
    Prefer the 'Average Price' of your selection instead of 'back_price'.(Beleive my experiences)
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