hahaa... you're actually quite amusing. Being offensive doesn't mean that i was offended.
I think this may not be the product for me, i'm after something where i can create and tinker with a system which may also include different staking plans whether it be loss recouping or otherwise.
I'm not a fool when it comes to gambling / trading, any system would be tested in practice mode for months before putting into live.
Fibonacci Betting plan....
You are going to need software to do any kind of trading and betangel is probably the best one out there, and we were only trying to help, no one has backed this idea and probably no one will.pritchj1973 wrote:hahaa... you're actually quite amusing. Being offensive doesn't mean that i was offended.
I think this may not be the product for me, i'm after something where i can create and tinker with a system which may also include different staking plans whether it be loss recouping or otherwise.
I'm not a fool when it comes to gambling / trading, any system would be tested in practice mode for months before putting into live.
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pritchj1973
- Posts: 14
- Joined: Sun Mar 15, 2015 8:47 am
This place is hard work.
You are completely misunderstanding me, I'm not asking or seeking backers to any idea - I'm simply to trying to ascertain what this software can do in terms of staking plans etc... does not sound like it's up to the task ?!?!?
I'll probably keep betangel for some simple automated football back / lay trigger, and try something like other for the more complex Horse Racing systems where i intend to implement some sort of staking plans.
You are completely misunderstanding me, I'm not asking or seeking backers to any idea - I'm simply to trying to ascertain what this software can do in terms of staking plans etc... does not sound like it's up to the task ?!?!?
I'll probably keep betangel for some simple automated football back / lay trigger, and try something like other for the more complex Horse Racing systems where i intend to implement some sort of staking plans.
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The dog of ry
- Posts: 274
- Joined: Sat Dec 20, 2014 2:17 am
Ya buy a horse, put it in a race.... and with the money left over, bet on it. cha ching 
I've found the flexibility that BetAngel when linked to spreadsheets provides gives huge opportunities to automate strategies. As regards staking, I've never gone beyond a percentage of bank or basic Kelly criteria - but I'm sure more complicated variations are possible depending on your skill with Excel and VBA. Although you are probably sick of hearing it, I join the general condemnation of Fibonacci staking. However there are many ways to skin a cat and sometimes you have to make your own mistakes, even after being given well-meaning advice. I remember as a newbie being told that it was impossible to make money in-play without being at the track.pritchj1973 wrote: You are completely misunderstanding me, I'm not asking or seeking backers to any idea - I'm simply to trying to ascertain what this software can do in terms of staking plans etc... does not sound like it's up to the task ?!?!?
I'll probably keep betangel for some simple automated football back / lay trigger, and try something like other for the more complex Horse Racing systems where i intend to implement some sort of staking plans.
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maycontainnuts
- Posts: 90
- Joined: Wed Oct 10, 2012 5:58 pm
The reason you are getting a negative response is that there are some very wise people on the forum and they are basically telling you not to waste your time with staking systems that chase losses.pritchj1973 wrote:is it possible to do this using betangel ?
Never worked in the history of gambling and never will, so don't waste your time trying. Work hard elsewhere other than falling for the trap that so many have fallen into.
On a serious note, you can use betangel via the excel interface as you can place orders as a function of your balance. However betfair can be slow at settling markets and you will also encounter issues when you have overlapping races / exposure on other races e.t.c.
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Dublin_Flyer
- Posts: 842
- Joined: Sat Feb 11, 2012 10:39 am
Prime example of what LinusP mentioned just occurred, 2000 Guineas due off at 15.45 hadn't started by 15.50, at 15.50 the mares hurdle at Punchestown was due to start.
If one was to use any loss covering staking plan pre-off and both races were involved, you'd be screwed as the 15.45 would be an unknown result.
Example, using a 10 stake on a system that happens to include the favs in 15.45 and 15.50, after 4 losses in a Fibonacci series, the stake on the 5th (15.45) is 1,1,2,3,5
By the time the 6th is due off, your previous runner is an unknown result, so you're either reverting back to a 10 stake if it wins, or a 80 stake if it loses.
Bear in mind also, during the flat season when there's plenty of meetings on, at smaller meetings races can be delayed 30 minutes+ if there's only one ambulance available and it has to bring a jockey to the local hospital.
Don't take any comments personally, the forum is 99.9% genuinely helpful people, and I've seen very little trolling or insults in my time here.
Myself, I don't see why a loss recovery staking plan should be required if you have a profitable system. If I was using a starting bank of 1000 on what I thought were even money shots, I'd choose to either use flat stakes of 20, and increase stakes once 1500,2000,2500,3000,5000 targets were hit. Alternatively I'd go for 2.5% of bank per bet.
On the horrible bastard occasions where things don't go as expected/hoped for, then your bank is hovering around 800, with stakes at 20 still or 19.40 on the 2.5% for your 11th bet.
Going by a Fibonacci series of ten quid, you've hit 89 for your 11th stake and your bank is already at -1780 after the 10 losses, so you're lumping 890 on an even money shot hoping it comes in, squeaky bum time to use a commentator expression.
Personally on a 50% strike rate system on even money chances I use for place markets, I've hit a losing streak of 13 in October last year. It took just shy of 25% of my balance in total but it recovered fine and is progressing as hoped/expected, and still profitable. Had I been using a Fibonacci series for staking, I don't like to think what state I'd be in mentally or financially at the time!
If one was to use any loss covering staking plan pre-off and both races were involved, you'd be screwed as the 15.45 would be an unknown result.
Example, using a 10 stake on a system that happens to include the favs in 15.45 and 15.50, after 4 losses in a Fibonacci series, the stake on the 5th (15.45) is 1,1,2,3,5
By the time the 6th is due off, your previous runner is an unknown result, so you're either reverting back to a 10 stake if it wins, or a 80 stake if it loses.
Bear in mind also, during the flat season when there's plenty of meetings on, at smaller meetings races can be delayed 30 minutes+ if there's only one ambulance available and it has to bring a jockey to the local hospital.
Don't take any comments personally, the forum is 99.9% genuinely helpful people, and I've seen very little trolling or insults in my time here.
Myself, I don't see why a loss recovery staking plan should be required if you have a profitable system. If I was using a starting bank of 1000 on what I thought were even money shots, I'd choose to either use flat stakes of 20, and increase stakes once 1500,2000,2500,3000,5000 targets were hit. Alternatively I'd go for 2.5% of bank per bet.
On the horrible bastard occasions where things don't go as expected/hoped for, then your bank is hovering around 800, with stakes at 20 still or 19.40 on the 2.5% for your 11th bet.
Going by a Fibonacci series of ten quid, you've hit 89 for your 11th stake and your bank is already at -1780 after the 10 losses, so you're lumping 890 on an even money shot hoping it comes in, squeaky bum time to use a commentator expression.
Personally on a 50% strike rate system on even money chances I use for place markets, I've hit a losing streak of 13 in October last year. It took just shy of 25% of my balance in total but it recovered fine and is progressing as hoped/expected, and still profitable. Had I been using a Fibonacci series for staking, I don't like to think what state I'd be in mentally or financially at the time!
