How smart is automation?

[mancbrady]

Question if anyone can help.

Is it possible for betangel automation to up stakes on each horse race as the day goes.
E.g., I would like to cover all races and if the first race runs and the selection loses, the next race the automation will up the stakes automatically to a set figure? I would like this to continue until a race selection returns a profit and then I would like to automation to cease or return stake to zero so no more trades are placed.

Is this possible or is that too much info for automation?

[Derek27]

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[firlandsfarm]

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Question if anyone can help.

Is it possible for betangel automation to up stakes on each horse race as the day goes.
E.g., I would like to cover all races and if the first race runs and the selection loses, the next race the automation will up the stakes automatically to a set figure? I would like this to continue until a race selection returns a profit and then I would like to automation to cease or return stake to zero so no more trades are placed.

Is this possible or is that too much info for automation?

"Stop at a Profit" with 'Martingale' loss recovery! Don't do it until you have searched and read the comments in the forum on Martingale and make an 'informed decision'!

[Derek27]

...and make an 'informed decision'!

Very diplomatic!

[ShaunWhite]

"Stop at a Profit" with 'Martingale' loss recovery!

That should be called a 'Chimera'
...according to Greek mythology, it was a monstrous fire-breathing hybrid creature composed of the parts of more than one animal.

[mancbrady]

Hi guys

Yeah I’ve done quite a bit of research on martingale staking and seen it on quite a lot of test and nearly all of the time it leads to the poor house as it will blow a bank fast. Trust me, I ain’t one to blow my money away so easily.

But, I would like to know if the automation can do what I asked as I would like to try something out.

Thanks

[decomez6]

Trust me, I ain’t one to blow my money away so easily.

"in LUCK we trust and you probably loose enough to learn something profitable"

nevertheless here are the keys to the devil's kitchen .... shaun and derek just left the room holding the dragon's head
so be carefull the beast can still strike with a spiky tail

1. you need to store each runner P&L

store P&L.PNG

2. export all stored values

export all stored values.PNG

3. re- introduce the values into the next market using the saved file

set a stored value usin a file.PNG

NB: i ve not done it before and unless you are guaranteed a match for any bet you place make sure to take sp.

otherwise enjoy the famous ride to NO mans land. ( there is probably better ways to do it )

[Anbell]

How smart is OP?

[firlandsfarm]

1. you need to store each runner P&L
store P&L.PNG

2. export all stored values
export all stored values.PNG

3. re- introduce the values into the next market using the saved file
set a stored value usin a file.PNG

Nice flow from decomez6 but you would still need to get the race result into the fold. One approximation would be to look for a 1.01 runner but that is not 100% perfect because not all 1.01 runners win and not all winners fall to 1.01. You can check that out historically by quizzing the downloadable BSP files from Betfair.

BTW to my mind any form of loss recovery is Martingale in principle. It all works fine until you get the totally unexpected long run of losers and watch your stakes increase exponentially. Believe me, I and many others on here have done it!

[mancbrady]

Thanks for the info so far guys

[gazuty]

See viewtopic.php?p=265873#p265873

And dwell on the section “Loss recovery, martingale, gambler’s fallacy”

[Anbell]

Yeah I’ve done quite a bit of research on martingale staking and seen it on quite a lot of test and nearly all of the time it leads to the poor house as it will blow a bank fast. Trust me, I ain’t one to blow my money away so easily.

"Nearly" means "except when I do it"?

[decomez6]

Nice flow from decomez6

BTW to my mind any form of loss recovery is Martingale in principle. It all works fine until you get the totally unexpected long run of losers and watch your stakes increase exponentially. Believe me, I and many others on here have done it!

thanks firlandsfarm , the learning curve is getting flatter but i feel there is alot more to BA than meets the eye.

mancbrady might have a way of collecting alot of outliers from different trading approaches and is attempting a long term approach to trading .
may be quarterly just like all businesses

#who knows # -ve EV is in the eyes of the beholder

light bulb noise.gif

[Kai]

Very disappointed with the negative replies, if OP wants to make a sizeable donation to the market I fully support his decision.

[decomez6]

he is probably waiting for your fomo