Help with "set and forget" strat
Posted: Wed Sep 20, 2023 10:36 am
I'm developing a strat that lays bets at SP (or better) for bets placed at a bookie earlier e.g. Bets placed early AM or day before, then bot lays at SP through the day (while i'm not home).
The goal is to protect the back stake (say $20), so if the horse wins the lay loss will be minimal, if the horse does not win as close to $20 is returned from the lay. I am hoping to capitalise if odds drop (lower than bookie odds) and protect me if odds drift.
The problem I have is the bot doesn't know what the back odds I get at the bookie. I think I need 2 strats, say A) lay odds drop by x% lay for $y liability, do not fire strat B AND B) lay odds drift up x% lay for $y liability, do not fire strat A ?
I have tested "liability or amount to win" but that didn't do what I needed, perhaps a combination of "dutching for target profit (lay)" AND trailing stop loss ?
Some of the bookie bets will have bet returns if finish 2nd, 3rd etc. so a small loss is OK
The goal is to protect the back stake (say $20), so if the horse wins the lay loss will be minimal, if the horse does not win as close to $20 is returned from the lay. I am hoping to capitalise if odds drop (lower than bookie odds) and protect me if odds drift.
The problem I have is the bot doesn't know what the back odds I get at the bookie. I think I need 2 strats, say A) lay odds drop by x% lay for $y liability, do not fire strat B AND B) lay odds drift up x% lay for $y liability, do not fire strat A ?
I have tested "liability or amount to win" but that didn't do what I needed, perhaps a combination of "dutching for target profit (lay)" AND trailing stop loss ?
Some of the bookie bets will have bet returns if finish 2nd, 3rd etc. so a small loss is OK