Compounding Betfair Balance Questions

[HampshireIan]

You read my post above, right James?

[ShaunWhite]

You read my post above, right James?

What's the average price?

[HampshireIan]

Not sure Shaun but would imagine around 25s

[jamesg46]

Not sure Shaun but would imagine around 25s

That's what I meant about not collecting the data, the average price and std dev... tbh though I assumed you may have been laying at a lot less than an average of around 25, near 60% return on your original stake in 20 ish bets gave me that impression but I didnt bother to think too much further than that.

[Trader Pat]

There are worst things HampshireIan could be doing to relieve the boredom:

https://www.goal.com/en-ie/news/angers- ... qwopp690ma

My favourite part of this is the defence his lawyers will be using

The whole thing reminds me of the 'Hot Mary' scene from Dirty Harry

[HampshireIan]

'Having seen him pleasure himself more than once'

So they went back for a few looks before reporting him then- who's the sick one

[Kafkaesque]

There are worst things HampshireIan could be doing to relieve the boredom:

https://www.goal.com/en-ie/news/angers- ... qwopp690ma

My favourite part of this is the defence his lawyers will be using

The whole thing reminds me of the 'Hot Mary' scene from Dirty Harry

My favourite part is a different one:

"The forward, who can play anywhere across the front line of attack, fully admits to his indiscretion and will not contest the charges brought against him."

I know, it's just a low end of the scale journalist doing a go to explanation add-on line as if it's a transfer rumour about a player most readers will not know, but in this context it does come off a bit nasty

[Kai]

I fear all this masturbation talk might potentially derail and ruin yet another perfectly good martingale thread

[HampshireIan]

I fear all this masturbation talk might potentially derail and ruin yet another perfectly good martingale thread

Don't worry Kai, I'll be back at the start of June to top it up with the real Mcoy again.

22+ bets next time though

[Kai]

I fear all this masturbation talk might potentially derail and ruin yet another perfectly good martingale thread

Don't worry Kai, I'll be back at the start of June to top it up with the real Mcoy again.

22+ bets next time though

Better luck next time I guess.

Losing at the 23rd bet with average odds of around 25s sounds about right

[wearthefoxhat]

Afternoon all,

I'm looking at doing one of those crazy compounding betting runs, betting all of my balance to win tiny amounts, then rinse and repeat until I get to a stage where i'll take some cash out, or lose the lot

At present, I want to do this by laying big odds horses and have a few questions.

Is there a way within Betangel, that at a click of a button, I can enter a lay bet that automatically calculates the stake required, using all of my current balance so I don't have to try and calculate myself.

Second question, if the race goes in place, I presume i'd have to click 'keep all' to hold the bet in the market whilst they are running?

And thirdly, if during the race, the odds never get to my lay bet odds, does that mean that my full balance is returned to me, or do I lose the lot?

Hope this makes sense. Obviously I can't try this in practice mode as I have no balance to use

Thanks very much

There is merit is trying something like this.

Blindly laying big odds will probably end up as already discussed, however, with some selectivity and at times covering more than one in a race, a long term profitable strategy could be found. Add to the mix a simple compounding staking plan, when a loser does appear, it won't impact progress too much.

The selection process is obviously where the ultimate edge lies. There's various software out there that can enable a user to conclude the best selections in the race, then conversely, you have the worst selection(s) in the race.

I'm currently trialling some racing software that has real potential and is designed to speed up the qualifying processes. I can create a racecard and apply it to any previous race meetings. Just did a race where it highlighted 3 lay selections in a 10 runner handicap (14/1, 25/1 & 50/1) All finished 7th/8th/9th respectively. (+£9.86 profit to a £100 fixed liability dutch lay)

I might do a workshop thread when racing starts again and the form settles down.

The staking plan is a fairly simple one. Using fixed liability stake (eg: £100) then, any profit made when laying a single selection or a more than one with a lay dutch, when the profits reached a certain target, ie: +£25.00, square root the profit figure, = £5.00. Add to the original stake to make £105.00 liability and continue. Repeat when a new target is achieved on the sequence, (eg: +£30.00) When achieved, add the previous +£25 with new +£30 = +£55.00. Square root = £7.41. Add to the initial stake of £100, now £107.41...repeat rinse repeat...

This gives some insurance if a winner occurs as there is profit already made and set aside.

A lot of fun could be had for a small stakes and who knows....this time next year rodders....

[jimibt]

I'm currently trialling some racing software that has real potential and is designed to speed up the qualifying processes. I can create a racecard and apply it to any previous race meetings. Just did a race where it highlighted 3 lay selections in a 10 runner handicap (14/1, 25/1 & 50/1) All finished 7th/8th/9th respectively. (+£9.86 profit to a £100 fixed liability dutch lay)

would this be informracing?? if so, this is exactly what i use -and to great effect!!

Blindly laying big odds will probably end up as already discussed, however, with some selectivity and at times covering more than one in a race, a long term profitable strategy could be found. Add to the mix a simple compounding staking plan, when a loser does appear, it won't impact progress too much.

and yes, this is exactly what was being proposed by others. i completely agree that selectivity is key!

[wearthefoxhat]

I'm currently trialling some racing software that has real potential and is designed to speed up the qualifying processes. I can create a racecard and apply it to any previous race meetings. Just did a race where it highlighted 3 lay selections in a 10 runner handicap (14/1, 25/1 & 50/1) All finished 7th/8th/9th respectively. (+£9.86 profit to a £100 fixed liability dutch lay)

would this be informracing?? if so, this is exactly what i use -and to great effect!!

Have trialled that one. Nice software, lots of potential for sure!

No, I'm using RaceAdvisorPro at the moment. It has some interesting combinations that include VDW, A.I. odds, Speed ratings, with options to add in extra info for going/distance/class...etc. Taken a while to find the ones I think are useful overall.

[Atho55]

Within the BSP odds range 20-30 there are some individual odds that appear to be be "less likely" to win than others in that range. (The BSP`s are grouped to remove individualisation). This of course could change going forward.

The odd 28.4 being a good example. The highlighted ones are samples of the bottom 10.

28.4 Win %.jpg

Perhaps a better starting point than randomly picking out selections but probably not as much fun...

[ShaunWhite]

Not sure Shaun but would imagine around 25s

You could download your transaction history from the betfair account page and stick in excel if you wanted to know.