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Return on Investment
Posted: Thu May 30, 2019 4:45 am
by Winx19
BF Bot Screen shot 30th May.png (288.46 KiB) Viewed 15356 times
I have read everything but still don't understand how it works.
I set up the ROI at different percentages 2% to 15% on several strategies thinking that this would make the final profit different, but the profit on all these strategies are all the same.
Why?
Michael
Re: Return on Investment
Posted: Thu May 30, 2019 5:33 am
by Winx19
BF bot Screen shot 30th May -2.png (257.15 KiB) Viewed 15354 times
On this shot it shows 7 losses in a row with a total amount of $ 127.37 yet the loss recovery tells me $ 74.24 Why ?
My investment is $1.00 per selection, so we have 7 losses in a row then on the 8th we win and the return is $ 166.12 which covers more then the $ 127.37 Just above 30% return Why ?
How would I go about 7 losses in a row and on the 8th bet I win and the profit to be $ 8.00 so it returns $ 1.00 for every loss and $ 1.00 on the win bet. ?
Thanks
Re: Return on Investment
Posted: Thu May 30, 2019 6:29 am
by BfBotManager
Please see following article that explains what ROI is and how it works:
https://help.bfbotmanager.com/article/5 ... investment
ROI will not change your stakes, it is just safety measure to prevent betting if return on investment is too small e.g. high risk to win small amount of money.
Re: Return on Investment
Posted: Thu May 30, 2019 6:33 am
by BfBotManager
Loss recovery amount depends on your loss recovery settings. You have not posted screenshot of those settings so we cannot know how your loss recovery is set to work. But still ROI setting at loss recovery will not have any effect on the amount of loss recovered, it can only prevent loss recovery from trying to recover loss on bets where return is too small and does not satisfy ROI percentage.
Re: Return on Investment
Posted: Thu May 30, 2019 7:26 am
by Winx19
BF Bot Screen shot 30th May -3.png (285.3 KiB) Viewed 15351 times
Cheers
Re: Return on Investment
Posted: Thu May 30, 2019 7:29 am
by BfBotManager
Winx19 wrote:BF Bot Screen shot 30th May -3.png
Cheers
Please open detailed settings for loss recovery and save screenshot. Thanks.
Re: Return on Investment
Posted: Thu May 30, 2019 8:04 am
by Winx19
Screenshot will not work will detailed settings are open.
Here they are:
Recovery rate - 100%
Max liability of loss - 100
Amount of lost money to recover - 100%
A tick in the box for recovering losing bets stakes too
A tick for Save loss on exit
Minimum ROI -10%
A tick for loss recovery for price range
A tick for Recover loss from selected strategies below
Does that help
Re: Return on Investment
Posted: Thu May 30, 2019 8:16 am
by BfBotManager
Please also post screenshot of your settings at Tools&Settings->General settings tab. It appears that your stake is increased to cover exchange commission. You should turn that option off as it will be clearer how stakes are calculated.
Your stake depends on your odds, so by your settings loss recovery will recover your actual loss from each bet and the bet size that was invested.
In this case it is not possible to recover extra $1 for each previous bet. You would need to remove "Staking->Liability or amount to win" rule for that to work, so that you risk exactly $1 per each bet.
Regards,
Rade
Re: Return on Investment
Posted: Thu May 30, 2019 8:41 am
by Winx19
Screenshot wont work again while settings tabs are open
Yes it is set at 8% for Betfair Commission
I have now set it at zero and un ticked the box's
So what you are saying is that the ROI % that we put in does not work
Re: Return on Investment
Posted: Thu May 30, 2019 8:46 am
by BfBotManager
Winx19 wrote:Screenshot wont work again while settings tabs are open
Yes it is set at 8% for Betfair Commission
I have now set it at zero and un ticked the box's
So what you are saying is that the ROI % that we put in does not work
I am not sure if you understand what ROI is. I already said that
ROI will not change your stakes, it is just safety measure to prevent betting if return on investment is too small e.g. high risk to win small amount of money.
Please read again help article that explains it:
https://help.bfbotmanager.com/article/5 ... investment