Back Dutching with loss recovery
Description
Place Back Dutching bets on the selected ranks: you get to choose the minimum and maximum prices and the minimum ranks. Then recover the loss in the predefined number of steps; your loss will be divided by that number and added to the next set of bets. At the end of the cycle, the bet will be reset back to a fixed liability.
These triggers are based on the Dutching formulae from this article:
Single-Market Dutching Formulae
See also:
Lay Dutching with loss recovery
Triggers
Click here to download the trigger file.
You can use the following constants to adjust the trigger settings:
| min_odds | Minimum back price |
| max_odds | Maximum back 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_bets | Maximum number of markets with simultaneous bets |
How this works
The triggers start by backing to a fixed liability (in the example, it is 1% of the bank). After the first loss, the amount of loss is divided by cycle_length, and that portion is added to the desired profit of the next set of bets. Thus the liability of your bets in the next market will be increased. At the end of the cycle, the bet will be reset to the fixed liability. If another loss happens before the loss recovery has been completed, that loss is also added to the remaining loss amount, and the sum is again divided by cycle_length. The loss recovery then starts anew.
Here is an illustration of the triggers (tested in Time Machine):
