I'm fairly new to the whole "automation" thing and only really starting to read up on it now.
I've been thinking about a new idea for a bot. It essentially operates in a similar way to the Martingale system.
The idea is to set up automation to back selections that hit 1.5 in a race. So for example the first selection (let's say we're using £2 stakes here) the first back bet would be placed when a horse hits 1.5, then if another hits 1.5 a further bet is placed purely to cover the potential loss of the first and so on and so forth.
Obviously it gets sticky if you were to have multiple hits (ie more than 3) but I would be interested to hear any statistics on how frequent that is. Anyway, just an idea!
A Martingale-style system
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
There can be fairly long trends in the markets which would kill you. In my experience, if something doesn't work with flat stakes, you shouldn't try to fix it by doubling up.
Ash, my advice to you is forget about chasing losers. If you continue down that path, you're fucked mate!
One of the biggest reasons for failure in trading is chasing losses, Nick Leeson being the best example of all
Concentrate on finding a strategy that will make you a profit over a period of time, because I guarantee you will have losing trades - even Peter Webb loses on some markets.
Get yourself into the mindset of accepting losing trades, and not chasing them, is a really good starting point for this game. Unfortuntely, many learn this too late.....i.e when they have already done their bollocks
One of the biggest reasons for failure in trading is chasing losses, Nick Leeson being the best example of all
Concentrate on finding a strategy that will make you a profit over a period of time, because I guarantee you will have losing trades - even Peter Webb loses on some markets.
Get yourself into the mindset of accepting losing trades, and not chasing them, is a really good starting point for this game. Unfortuntely, many learn this too late.....i.e when they have already done their bollocks
Just to echo the comments already given and no doubt the ones that will follow - I would completely forget about this or any other loss recovery system none work! - yes they will save you a few times but then bang, bank gone in one go!ash1267 wrote: ↑Thu Apr 20, 2017 11:22 amI'm fairly new to the whole "automation" thing and only really starting to read up on it now.
I've been thinking about a new idea for a bot. It essentially operates in a similar way to the Martingale system.
The idea is to set up automation to back selections that hit 1.5 in a race. So for example the first selection (let's say we're using £2 stakes here) the first back bet would be placed when a horse hits 1.5, then if another hits 1.5 a further bet is placed purely to cover the potential loss of the first and so on and so forth.
Obviously it gets sticky if you were to have multiple hits (ie more than 3) but I would be interested to hear any statistics on how frequent that is. Anyway, just an idea!
About a month ago 19 favs in a row were beat - if you were backing the fav and using a loss recovery like doubling up and had started with just £2 by the 20th race you would of had to place a back bet and got it matched for over £1'000'000 (1million)
Have a search of this forum there has been dozens of ppl ask the same or similar all were advised NOT to use or follow one, a few went ahead and tried anyway but surprise surprise shortly afterwards was the last time the visited the forum.
Was this because
A) They found the golden system and are now living on their own private island (in which case you'de of thought one would at least of posted to say goodbye and tell us we were all wrong)
B) Blew their bank and had nothing further to say so slipped away quietly!
This video sums it up
https://www.youtube.com/watch?v=nh0IngAgsoI
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chris_clarke
- Posts: 1
- Joined: Wed Jan 11, 2017 11:02 pm
Leaving aside all of the issues about Martingaling and loss chasing, i think there is a more fundamental problem.
Your system is to back Horse A 1pt at 1.5 in-play.
Then if Horse B in the same race hits 1.5 you'd back for 2 pts so if B wins you cover the stake for A. The problem is that Horse A could still win and so you'd make 0.5 on A but lose 2 on B. Obviously if you got to horse C and D this would be even worse
Your system is to back Horse A 1pt at 1.5 in-play.
Then if Horse B in the same race hits 1.5 you'd back for 2 pts so if B wins you cover the stake for A. The problem is that Horse A could still win and so you'd make 0.5 on A but lose 2 on B. Obviously if you got to horse C and D this would be even worse
I don't think this is like a Martingale system if I am correctly understanding what you're suggesting.
I don't think you're suggesting chasing a loss into the next race - only within the current race.
Loss recover systems don't work and this system (if it worked on a specific race) wouldn't even cover the loss, it would just reduce it.
If you were using £2 stakes, as suggested, and a second horse hit 1.5 you would have £4 liability and a potential profit of £3. So, assuming a third horse didn't hit 1.5, you would be guaranteed to lose £1. Whereas if you'd left your initial bet you could lose £2 or still win £3. For every additional horse that hit 1.5 your guaranteed loss would go up by £2.
To know what impact it would have you would need to know how many times a second horse hits 1.5, out of these how many times the second horse goes on to win, and also how many times a third, fourth..... horse hits 1.5 and how many times they go onto win.
Just on the face of it it doesn't look like it would work to me, but until you run the numbers you never truly know. If you wanted to take the idea further I would gather as much historical data as possible and do the maths - a lot cheaper than trying it live.
I don't think you're suggesting chasing a loss into the next race - only within the current race.
Loss recover systems don't work and this system (if it worked on a specific race) wouldn't even cover the loss, it would just reduce it.
If you were using £2 stakes, as suggested, and a second horse hit 1.5 you would have £4 liability and a potential profit of £3. So, assuming a third horse didn't hit 1.5, you would be guaranteed to lose £1. Whereas if you'd left your initial bet you could lose £2 or still win £3. For every additional horse that hit 1.5 your guaranteed loss would go up by £2.
To know what impact it would have you would need to know how many times a second horse hits 1.5, out of these how many times the second horse goes on to win, and also how many times a third, fourth..... horse hits 1.5 and how many times they go onto win.
Just on the face of it it doesn't look like it would work to me, but until you run the numbers you never truly know. If you wanted to take the idea further I would gather as much historical data as possible and do the maths - a lot cheaper than trying it live.