Laying on Greyhounds with loss recovery
Laying on Greyhounds is very popular among our Brazilian customers, to the extent of having multiple requests to this effect on our forum. There must be something to it, so see below.
At 30 seconds before the start of a race, lay a percentage of the bank (or to a liability which is a percentage of a bank) on the chosen favourite in a Greyhound Win market, with the minimum and maximum price. Do not bet in markets where at least one dog is replaced with a reserved one.
Any loss should be recovered in steps over the next specified number of races, then return to the initial percentage of the bank. Stop trading once the total profit or total loss for the day have reached the specified percentage of the starting bank.
The list of dogs to lay on is often imported from a text file, in which case there is an additional condition to skip the race if the dog is the first favourite.
You can adjust trigger settings using the following constants in the file:
|min_odds||Minimum lay price|
|max_odds||Maximum lay price|
|min_runners||Minimum number of runners|
|min_rank||Minimum rank of the favourite (1 - the first favourite)|
|max_rank||Maximum rank of the favourite (1 - the first favourite)|
|mins_before_start||When to start betting (minutes before the off)|
|init_liab||Size of liability (% of current bank)|
|target_loss||Maximum loss (% of bank) after which the triggers stop betting|
|target_profit||Maximum profit (% of bank) after which the triggers stop betting|
|cycle_length||Number of steps in the loss recovery cycle|
|max_recovery_odds||Maximum price during the loss recovery cycle|
|max_bets||Maximum number of markets with simultaneous bets|
Triggers in Action
If you import dogs from a text file, please watch a video below showing how to do that:
The triggers are very straightforward, just laying on the chosen favourite or on the selections you import from the text file. In this case, the trigger has laid on the third favourite, with a liability of 1% of the current bank.
You can then employ statistics and tipsters’ advice to choose which dogs to actually lay against.