Forum

[PharLAp]

Hello,
On a previous Bot I used their was an stragedy called Target Profit. Where you would enter a profit you wanted and the system would place a bet to get to that profit. For example If I wanted a profit of $10 at Odds of 2.0 it would place a bet of $10 based on the formula (profit+loss)/(Odds-1). Is their such a strategy on Bfbotmanager?

PharLap

[BfBotManager]

Yes, at Staking tab add:
1. Level/initial stake, set it to 10
2. Lay to liability or amount to win, tick option to use amount to win

Then try it out in simulation mode.

Regards,
Rade

[PharLAp]

Thanks Radie

[PharLAp]

Hi,
I may be doing this wrong Here are my steps.

Under Staking

1) Level Stake is $1.00
2) Liability or amount to win is set to "Payout is used for Back Bets"

What I want to happen is if the 10th bet wins my profit should be $10.
Is this the right strategy?
PharLap

[BfBotManager]

With those settings bot will adjust stake so that you win $1 per bet. If all ten bets win then your profit will be $10.

If you want to recover your loss then you should use "Staking->Overall loss recovery".

[PharLAp]

That is sort of right. Ill explain a bit more clearly. If I place 10 back bets and they lose and then back bet 11 wins the profit should be $11. After which bet 12 should go back to win $1 and if bet 12 loses and bet 13 wins it should be $2.

[BfBotManager]

That is sort of right. Ill explain a bit more clearly. If I place 10 back bets and they lose and then back bet 11 wins the profit should be $11. After which bet 12 should go back to win $1 and if bet 12 loses and bet 13 wins it should be $2.

In that case you should also use "Staking->Overall loss recovery" and set it to 100%. And add "Market conditions->Unsettled markets" and set it to 1, so that next bet is placed only when all previous bets are settled.

[PharLAp]

Thanks Rade. Your quick response to is appreciated "Keep up the good work". I've run a simulation and although the result is not what I expected it turns a neat little profit.