DOB to leave £0 on selection
Technically that's not dobbing, but the amount you need to lay for is:
((back price - 1) * back stake) / (lay price - 1)
There's also a shared automation file on here somewhere that does something similar to what you're looking to set up. If you search under 'create no lose trade.....profit on the other runners'.
It was a file created by Dallas. Basically you back the favourite, although you can easily modify it for a named runner. If the price in-running drops by x amount of ticks you get a 'no lose' trade on the selection. If it wins you don't win anything but if it loses you have a profit on all the other runners.
Worth a look.
I think I've found the link:
viewtopic.php?f=52&t=13579&hilit=create+no+lose+trade
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If you're still interested, I wrote one awhile back
viewtopic.php?f=52&t=23072
viewtopic.php?f=52&t=23072