How to Link P/L from last race to increase your steak in the next race?

[Gravesen33]

Hi,
I am having trouble to put an automation which will do few things for me...
So, let say I want to place a back bet on the 2F (in the horse race ) to be placed with targeting profit £2
If I lose this bet, is there a way the automation to summaries my losing stake add the target £2 profit and place a bet?
let say this has to be done 3x times in a roll ...lost in 1st race £1.8 ...lost in 2nd race £3.8 ... lost in 3th race £6.5 so in the 4th race I will have a bet that will give me a profit of £14.1 - that's £12.1 lose of the first 3x races and adding the targeting profit of £2.
Also when I have a winning steak/ race for the next time or next race the target stays the same there is no need to increase the steak.

Thank you

[jimibt]

don't do it!! martingale staking compounds your losses to the extent that after only a handful of losing bets, you'll be gambling your remaining bank to try and win back your previous losses. might be better to review something like Kelly Criterion as this will adjust the stake according to the odds. more likely to ride the losing streaks and capitalise on the winners...

horses for courses really

https://en.wikipedia.org/wiki/Kelly_cri ... ng_example

[decomez6]

don't do it!! martingale staking compounds your losses to the extent that after only a handful of losing bets, you'll be gambling your remaining bank to try and win back your previous losses. might be better to review something like Kelly Criterion as this will adjust the stake according to the odds. more likely to ride the losing streaks and capitalise on the winners...

horses for courses really

The answer is always the same ..... " i am well aware of the dangers of martingale , what I'am asking asking for is not a lesson on the same . so please could you spare me the BS and show me the quickest way to DIE "

and by the way kelly criterion only gives a return if you have an edge and on fractional basis when trading different odds movements ....so no good for the impatient who forgot to do the homework .
BUT , i am feeling generous today and i will give him a hint .

[decomez6]

Hi,
I am having trouble to put an automation which will do few things for me...
So, let say I want to place a back bet on the 2F (in the horse race ) to be placed with targeting profit £2
If I lose this bet, is there a way the automation to summaries my losing stake add the target £2 profit and place a bet?
let say this has to be done 3x times in a roll ...lost in 1st race £1.8 ...lost in 2nd race £3.8 ... lost in 3th race £6.5 so in the 4th race I will have a bet that will give me a profit of £14.1 - that's £12.1 lose of the first 3x races and adding the targeting profit of £2.
Also when I have a winning steak/ race for the next time or next race the target stays the same there is no need to increase the steak.

Thank you

start here .
viewtopic.php?f=56&t=25455&start=30

[jamesedwards]

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[Derek27]

Go to your local steakhouse and order a 6-ounce steak. If you don't like it, increase your steak to 10 ounces.

[Gravesen33]

OK,
every one is correct and I am not looking to double or triple my steak race after race...
The automation which I am looking for will be modify to suit my needs but I do not want to give the way what I am going to do..
it is based on a trading system tided up to the specific time...
The example I gave was the firs I came up with and the one which could be easy for me to rewrite.
OK long story short...doing multiple trades on the same market till the outcome is green and my steak is off the table before off time.
So if someone has anything similar to what I asked Please point me to the right automation.

Thanks