Backing On The Favourite In Place Markets
Description
Back £2 on the favourite if its odds are between 1.5 and 3.0, in place markets. If the bet lost, increase the next stake by £2 till the bet wins. Then keep decreasing the bet size by £4 till it reaches the original size of £2.
Trigger
Click here to download the trigger file.
Short Explanation
The conditions of the trigger are quite simple and do exactly what is described in the trigger requirements. What is really interesting is the formula in the "Amount" field:
IF(last_lost>0, hist_1_backa + 2, IF(hist_1_backa<=6, 2, hist_1_backa - 4))
It is a nested IF function. It can be interpreted in the following way
1. If you lost in the last markets (last_lost variable is greater than 0), then back the previous bet amount plus £2. The variable hist_1_backa returns the back amount in the latest settled event.
2. If that is not true (last_lost is equal to 0), then check one more condition:
- If the last back amount is equal or less than £6, then back £2 - accoding to the staking plan, return to the original bet size.
- If it is greater than £6, then deduct £4 from the previous bet size. Why "6"? Because if it is £5 or £4.5 for example, then deducting £4 from it will result in a stake less than the original £2.