Back Dutching with loss recovery

Description

Place Back Dutching bets on the selected ranks: you get to choose the minimum and maximum prices and the minimum ranks. Then recover the loss in the predefined number of steps; your loss will be divided by that number and added to the next set of bets. At the end of the cycle, the bet will be reset back to a fixed liability.

These triggers are based on the Dutching formulae from this article:

Single-Market Dutching Formulae

See also:

Lay Dutching with loss recovery

Triggers

Click here to download the trigger file.

You can use the following constants to adjust the trigger settings:

min_odds Minimum back price
max_odds Maximum back price
min_runners Minimum number of runners
min_rank Minimum rank of the favourite (1 - the first favourite)
max_rank Maximum rank of the favourite (1 - the first favourite)
mins_before_start When to start betting (minutes before the off)
init_liab Size of liability (% of current bank)
target_loss Maximum loss (% of bank) after which the triggers stop betting
target_profit Maximum profit (% of bank) after which the triggers stop betting
cycle_length Number of steps in the loss recovery cycle
max_bets Maximum number of markets with simultaneous bets

How this works

The triggers start by backing to a fixed liability (in the example, it is 1% of the bank). After the first loss, the amount of loss is divided by cycle_length, and that portion is added to the desired profit of the next set of bets. Thus the liability of your bets in the next market will be increased. At the end of the cycle, the bet will be reset to the fixed liability. If another loss happens before the loss recovery has been completed, that loss is also added to the remaining loss amount, and the sum is again divided by cycle_length. The loss recovery then starts anew.

Here is an illustration of the triggers (tested in Time Machine):

Back Dutching with loss recovery

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