Dutching with a saver bet
Description
This is a variation of Dutching, but with one "saver" bet, whereby the profit/loss on one of the selections is zero, so it merely returns your stake if the selection wins, and does not lead to any loss if the selection loses.
These triggers are based on the following set of formulae:
Single-Market Dutching Formulae
Why would you need saver bet? Well, if the favourite has a much lower price than other selections, backing it along with others will create a huge liability yet provide little in terms of profit. So it makes sense to place a saver bet on the favourite in hope that if it wins, you won't win or lose anything, but if another backed selection wins instead, your profit will be higher than if you had backed also on the favourite.
The reverse is true for LAY Dutching: if you lay on one of the selections with a saver bet, you will slightly decrease your liability without risking anything (the P/L on the saver selection will be zero).
Triggers
Use the following constants to adjust the settings:
| saver_rank | Rank of the horse for the saver bet |
| min_rank | Min. rank of the horses to bet on, except the saver bet |
| max_rank | Max. rank of the horses to bet on, except the saver bet |
| liab_size | Liability size |
| min_profit | Minimum profit, % of the liability |
| min_runners | Min. number of runners |
| max_runners | Max. number of runners |
| mins_before_start | When to place the bet, minutes before start |
How it works
The file contains two blocks -- one for backing and the other one for laying. The liability is fixed, the profit is defined by the min_profit constant.
After the bets are placed, you will get a picture similar to this one:
BACKING
LAYING
