New to Bet Angel - Newbie Question

[richochambo]

Hi all,

Hope everyone is well and hoping someone can assist?

I want to create two automation strategies where one would be for backing of greyhounds and one for laying greyhounds and they run separately.

I would like Bet Angel to place 1 unit lay on a greyhound and if that greyhound wins, I want the next lay to place a stake of the previous losses plus 1 unit. If that dog were to also win, I would want the next bet to recover all the loses of all previous bets and plus 1 unit profit. If the next dog was to lose, then the next bet would restart at a 1unit lay.

Is this possible to setup with Bet Angel Professional? I understand this type of recovery can be quite dangerous, but still willing to know if it was possible with this software.

Look forward to hearing from someone!

[ShaunWhite]

It might be able to do it but nobody with any experience would. Races are independent events and staking should always be based on the risk of the current race, not some race that ran previously. You either have an edge or not and staking tricks won't make a positive difference.

Another issue with this sort of idea is that in order to allow the stake to increase you have to start low, and this means your average bet size will be smaller than if you'd used level staking from the start and you'll make less money rather than more.

If you want do it then do, but if it worked it would be standard functionality and everyone would be doing it.

[Anbell]

It might be able to do it but nobody with any experience would. Races are independent events and staking should always be based on the risk of the current race, not some race that ran previously. You either have an edge or not and staking tricks won't make a positive difference.

Another issue with this sort of idea is that in order to allow the stake to increase you have to start low, and this means your average bet size will be smaller than if you'd used level staking from the start and you'll make less money rather than more.

If you want do it then do, but if it worked it would be standard functionality and everyone would be doing it.

+1

[Dallas]

It might be able to do it but nobody with any experience would. Races are independent events and staking should always be based on the risk of the current race, not some race that ran previously. You either have an edge or not and staking tricks won't make a positive difference.

Another issue with this sort of idea is that in order to allow the stake to increase you have to start low, and this means your average bet size will be smaller than if you'd used level staking from the start and you'll make less money rather than more.

If you want do it then do, but if it worked it would be standard functionality and everyone would be doing it.

+1

+2

You should be able to explain (at least to yourself) how your edge works

So what you'd need to explain (to yourself at least) is how do placing a £2 bet on a dog increase the chances of that dog winning the up coming race compared to only placing £1 on it

Its not much different from saying if I place my bet while wearing a red t-shirt its got more chance of winning than if I wore a blue t-shirt while placing the bet

However the options within Bet Angel will facilitate you to do the former but not the later

[ShaunWhite]

Its not much different from saying if I place my bet while wearing a red t-shirt its got more chance of winning than if I wore a blue t-shirt while placing the bet

Beautifully put.

I've every sympathy for people who think that having a few losers means that a winner is somehow 'due'. It seems like some sort of natural order but sadly the odds just don't play that game. And believe me it's something people have looked at for donkeys years, probably centuries and the fact that it's not a known easy answer says it all really.

[Crazyskier]

To answer the OP (rather than lecture him on the wisdom of avoiding loss recovery methods), I don't think this is programmable with BA, no.

The backing and laying bets aren't an issue, however I don't believe it's possible to automate placing larger bets based upon previous wins or losses.

CS

[Dallas]

To answer the OP (rather than lecture him on the wisdom of avoiding loss recovery methods), I don't think this is programmable with BA, no.

The backing and laying bets aren't an issue, however I don't believe it's possible to automate placing larger bets based upon previous wins or losses.

CS

It can be done with Bet Angel using Stored Values set at Bet Angel level

There's an example in the shared files section which stores your market P/L and daily running P/L at market closure - that could easily be edited to change the stakes used on another market
viewtopic.php?f=56&t=25455

[Crazyskier]

To answer the OP (rather than lecture him on the wisdom of avoiding loss recovery methods), I don't think this is programmable with BA, no.

The backing and laying bets aren't an issue, however I don't believe it's possible to automate placing larger bets based upon previous wins or losses.

CS

It can be done with Bet Angel using Stored Values set at Bet Angel level

There's an example in the shared files section which stores your market P/L and daily running P/L at market closure - that could easily be edited to change the stakes used on another market
viewtopic.php?f=56&t=25455

Oh! Thanks for the clarification, Dallas. Hopefully the OP will see this.

CS

[ShaunWhite]

To answer the OP (rather than lecture him on the wisdom of avoiding loss recovery methods), I don't think this is programmable with BA, no.

I said it might be doable in the first reply, and when someone inexperienced is about to embark on something that's inadvisable it's right and proper to "lecture" them about it. Aka being kind enough to use their time and experienced to help stop them wasting their money.

What I don't understand is your "Hopefully the OP will see this." which is an encouragement to do something that's not recommended. Even Dallas who remains impartial most of the time felt it was worth saying, ditto the highly experienced Anbell.

[ShaunWhite]

..... The twist on the Martingale that I've never seen is to paper trade until you lose several in a row and then stake big. Why bet on the losers, just back the winners?

It obviously wouldn't work either but you'd think Martingale fans would do that.

[Crazyskier]

To answer the OP (rather than lecture him on the wisdom of avoiding loss recovery methods), I don't think this is programmable with BA, no.

I said it might be doable in the first reply, and when someone inexperienced is about to embark on something that's inadvisable it's right and proper to "lecture" them about it.

Though I'm sure your intentions were well-meaning Shaun, the OP asked a question about functionality; yet it struck me that while several people decided to give said 'lecture' on the merits (or not) of loss recovery, no-one was addressing his actual query.

CS