max bet

[jimmyd1204]

Hey all, ive made an automation rule so im betting to win a certain amount on a selection but i want to add a max stake in, how would i do this?
cheers
jimmyd

[Derek27]

Hey all, ive made an automation rule so im betting to win a certain amount on a selection but i want to add a max stake in, how would i do this?
cheers
jimmyd

Simply use a bet size that's no more than your maximum stake.

If your bet size is calculated, have a condition that only fires the bet rule if the calculated stake is less than or equal to your chosen maximum, or a rule that limits the bet to your maximum, before firing the bet-placing rule.

[jimmyd1204]

Thanks for getting back to me Derek

So for example its betting to win $5 at any price. But i want a max stake for example max stake $2.5 so when the odds are below 2-1 it just uses the max stake of $2.5 which won''t be betting to win $5.... because at the moment its betting to win $5 but when the odds are $1.20 to win its having $25 dollars on if that makes sense...

Cheers mate
James

[jamesedwards]

Thanks for getting back to me Derek

So for example its betting to win $5 at any price. But i want a max stake for example max stake $2.5 so when the odds are below 2-1 it just uses the max stake of $2.5 which won''t be betting to win $5.... because at the moment its betting to win $5 but when the odds are $1.20 to win its having $25 dollars on if that makes sense...

Cheers mate
James

Add a condition that says the odds of the selection must be greater than X. eg if you put odds must be =>2.0 then the max stake will be $5.

[jimibt]

back in the day, i did a lot of comparisons on bet staking (i.e. backing/laying to liability, backing/laying to win fixed amount etc, some other exotic mixes!). I don't have the stats to hand, but i do recall having a realisation that having such a fixed anchor point was difficult to comparatively backtest. the one staking method that did bear fruit was kelly criterion. I used this in conjunction with The Staking Machine to test the staking across different curated bet selections (with known outcomes). This used a Monte Carlo simulation algo, thus ensured that bet order didn't influence staking profitability.

your approach may of course be hugely dissimilar to what I was doing at the time but i found that fixing the win amount in particular produced the widest variance of outcome and definitely got killed on the outliers where the odds R:R just simply didn't make sense.

not sure if The Staking Machine is still going, but I would definitely feed your back data into that to get a feel for the optimum staking plan.

[Derek27]

Thanks for getting back to me Derek

So for example its betting to win $5 at any price. But i want a max stake for example max stake $2.5 so when the odds are below 2-1 it just uses the max stake of $2.5 which won''t be betting to win $5.... because at the moment its betting to win $5 but when the odds are $1.20 to win its having $25 dollars on if that makes sense...

Cheers mate
James

It's a good idea to read through the entire BA manual (skipping chapters you know you're not likely to need immediately). It takes hours but saves time in the long run. But the link below is probably the most important part of the manual if you're automating. It contains a list of all the rules and conditions. Most things you need to do just require a single rule or condition. As your automation gets more complex, you may need to use signals to link them together, i.e. get one rule to fire on another rules signal. It will give you some idea of the power of BA. Good luck.

https://www.betangel.com/user-guide/aut ... Ux&mw=MzIw