I want to achieve the following.
1)Lay a favorite with a target price.
2)If the bet succeedes do the same thing at the next event. If it fails lay again the fav but with double stake. If it failes again lay again with double until I achieve a win. And then I start over.
How do I achieve this?
Please elaborate as much as you can I am new with excel hehe...
Very interested in achieving the following..
Please,please,please,please,please don't do this. You will lose. There is no question of that. In fact anyone carrying out Martingale type bets should be publicly flogged and have their balls cut off for being so silly.
There is lots of great advice on here (this piece is up with the very best). You can do better my friend. MG
There is lots of great advice on here (this piece is up with the very best). You can do better my friend. MG
you can do this.
however, I would advise you trial this system.
over 500 - 1000 bets see what your longest losing run is.
then work out your greatest liability as the stake increases per your stake ( and add 50% to it to be on the safe side) and then see if you are comfortable with that amount of risk.
If so go ahead if not, review your system and liabilty potential.
good luck
however, I would advise you trial this system.
over 500 - 1000 bets see what your longest losing run is.
then work out your greatest liability as the stake increases per your stake ( and add 50% to it to be on the safe side) and then see if you are comfortable with that amount of risk.
If so go ahead if not, review your system and liabilty potential.
good luck
on another fred you posted something about stupid ebook systems, which i agree are stupid, designed and targeted at the lazy, gullible, stupid and desperate,haichless wrote:you can do this.
however, I would advise you trial this system.
over 500 - 1000 bets see what your longest losing run is.
then work out your greatest liability as the stake increases per your stake ( and add 50% to it to be on the safe side) and then see if you are comfortable with that amount of risk.
If so go ahead if not, review your system and liabilty potential.
good luck
etc.
as you understand that such things are merely useless scams and quite a few are based around martingales, dont you think you are being a BIT irresponsible encouraging someone to use/test a martingale system?
stupid idiotic idea.
to7sne- i replied to the e-book system post.
that system worked for me, and i said so.
i am not a football referee and therefore very consistent.
I am pleased you seem to agree with my post on this threads issue, it would be more contructive to say that and post your own experiences/suggestions.
i hope you have a better day tomorrow.
good luck
that system worked for me, and i said so.
i am not a football referee and therefore very consistent.
I am pleased you seem to agree with my post on this threads issue, it would be more contructive to say that and post your own experiences/suggestions.
i hope you have a better day tomorrow.
good luck
Sfarad - Thanks for your PM. I'd rather reply on the forum.
If you think this will work and you disagree. Carry on with it. I will never be party to the most crazy and idiotic plan ever dreamt up.
It's not worth any effort at all trying to persuade you, it's obvious you know better than me.
Seriously, what's your stake size? say £5.
Bet 1 £5
Bet 2 £10
Bet 3 £20
Bet 4 £40
Bet 5 £80
Bet 6 £160
Bet 7 £320 is your arse twitching yet?
Bet 8 £640
Bet 9 £1280
Bet 10 2560
Bet 11 £5120
bet 12 £10240 - are you sure of getting matched?
Bet 13£20480 - Do you have this much to bet with?
Bet 14 £40960 - Are you still here?
Bet 15 £81920 - Pass me the rope
Bet 16 £163,840 - Just sold the house
Bet 17 £327,680 - The wife has took the kids and left
Bet 18 £655,360 - Past caring
Bet 19 Betfair crashes and the favourite wins - back to square 1
Bet 20 1.3 mill
Did I mention that last year there was a sequence of 23 winning favs, all to win a fiver. Behave yourself please.
Not trying to be smart fella, just trying to let you see what a crazy idea it is.
If you think this will work and you disagree. Carry on with it. I will never be party to the most crazy and idiotic plan ever dreamt up.
It's not worth any effort at all trying to persuade you, it's obvious you know better than me.
Seriously, what's your stake size? say £5.
Bet 1 £5
Bet 2 £10
Bet 3 £20
Bet 4 £40
Bet 5 £80
Bet 6 £160
Bet 7 £320 is your arse twitching yet?
Bet 8 £640
Bet 9 £1280
Bet 10 2560
Bet 11 £5120
bet 12 £10240 - are you sure of getting matched?
Bet 13£20480 - Do you have this much to bet with?
Bet 14 £40960 - Are you still here?
Bet 15 £81920 - Pass me the rope
Bet 16 £163,840 - Just sold the house
Bet 17 £327,680 - The wife has took the kids and left
Bet 18 £655,360 - Past caring
Bet 19 Betfair crashes and the favourite wins - back to square 1
Bet 20 1.3 mill
Did I mention that last year there was a sequence of 23 winning favs, all to win a fiver. Behave yourself please.
Not trying to be smart fella, just trying to let you see what a crazy idea it is.
-
rubysglory
- Posts: 309
- Joined: Thu Nov 04, 2010 7:02 am
Spot on Mugs. You can lead a horse to water ...........
rg
rg
Love power laws.
This reminds me of people with plans at the roulette table to wait for 10 reds in a row or is it 15 or 30? They then bet on black $1 and plan to double down. Soon enough there is sweat on the brow.
If they start at 10 reds and $1, but 20 turn up in a row then you've hit $2,000.
Oh and that's without realising of course there's a zero and perhaps a double zero just to help out the casino.
On the other hand, having plenty of fish in the system allows money to flow up the food chain.
This reminds me of people with plans at the roulette table to wait for 10 reds in a row or is it 15 or 30? They then bet on black $1 and plan to double down. Soon enough there is sweat on the brow.
If they start at 10 reds and $1, but 20 turn up in a row then you've hit $2,000.
Oh and that's without realising of course there's a zero and perhaps a double zero just to help out the casino.
On the other hand, having plenty of fish in the system allows money to flow up the food chain.
"On the other hand, having plenty of fish in the system allows money to flow up the food chain."
I must say I detest comments like this.
whenever you read a comment resembling this, its oh dear time, he/she feels soooooo superior..
Perhaps no sin so easily besets us as a sense of self-satisfied superiority to others.
I must say I detest comments like this.
whenever you read a comment resembling this, its oh dear time, he/she feels soooooo superior..
Perhaps no sin so easily besets us as a sense of self-satisfied superiority to others.
Sfarad. Look if you wont listen to the more experienced ones that have posted on this item then please listen to me - It wont work! I have tried it and am still feeling sore.
Mugs. Looked at your earlier post with all the working out on it. I laughed so much I nearly fell of my chair!
You obviously did well at the festival as you seem to have far to much time on your hands! 
Mugs. Looked at your earlier post with all the working out on it. I laughed so much I nearly fell of my chair!
You obviously did well at the festival as you seem to have far to much time on your hands! -
giulio2010
- Posts: 962
- Joined: Sun Sep 12, 2010 9:11 am
The martingale system is also called the suicide system!
One thing you can do if you liked the idea of laying the favorites is to pick 3-4 favorites a day that you think ,( after researching forms and infos), it won't win then lay them at lower prices in Play. If the favorite is in front 3, it will be very likely to be matched!
You can choose from 10 to 50 ticks below the available price.
You can also set the tick offset option, lets say 100 ticks profit!
The only way to come winner out of this is to choose the right horses, laying them for cheap price and have a good money management plan.
Start with £1 liability on each horses and see how it works out but dont choose too many horses a day or it will be very unlikely to be a winning system! also never double the stakes. You only need 2 horses matched at lower then 2.0 out of 4 to be in profit or 3 out of 4 matched between 2.0 to 3.0.
As you can see there are many ways to build a gambling plan, but never, never, use the martingale..
One thing you can do if you liked the idea of laying the favorites is to pick 3-4 favorites a day that you think ,( after researching forms and infos), it won't win then lay them at lower prices in Play. If the favorite is in front 3, it will be very likely to be matched!
You can choose from 10 to 50 ticks below the available price.
You can also set the tick offset option, lets say 100 ticks profit!
The only way to come winner out of this is to choose the right horses, laying them for cheap price and have a good money management plan.
Start with £1 liability on each horses and see how it works out but dont choose too many horses a day or it will be very unlikely to be a winning system! also never double the stakes. You only need 2 horses matched at lower then 2.0 out of 4 to be in profit or 3 out of 4 matched between 2.0 to 3.0.
As you can see there are many ways to build a gambling plan, but never, never, use the martingale..
Sfarad- Go to your local Gamblers Anonymous (GA) meeting and ask the people there how many of them have tried a similar way...martingale..chasing losses...doubling up..then listen to their stories of how it ended up.....How do I achieve this?
Please elaborate as much as you can I am new with excel hehe...
Learn excel and use it to help you trade.. use excel to help you manage your losses...control greed and instil discipline into to what you do.
Having losses is part of the game.. embrace those losses and dont try and battle them....as many people at GA meetings around the world will tell you... fight the losses and they will eat you...your family and everyone around you...
good luck trading