Incremental Loss Recovery Plan
This incremental loss recovery plan is designed to cover your betting losses in a less aggressive (compared to plain Martingale) manner.
The triggers in this example will lay on a selection with the predefined rank (where the favourite has rank 1, second favourite - rank 2 and so on). But you can also rework them to back.
You lay on the the chosen selection according to a staking plan. You start with a fixed percentage of your bank. After each loss, add the amount of the starting bet to the next bet. After each win, you decrease the next bet by a percentage of the starting bet, unless the bet is already equal to its initial size.
Example: if you start by laying £10 and the reduction percentage is set to 30%, then the sequence will look like this:
10 (Win), 10 (Loss), 20 (Win), 14 (Win), 9.8 (Win), 6.86 (Loss), 16.86 (Win), 11.80 (Win) and so on.
You can adjust the triggers by changing the values of the following constants inside the file:
unit_size - Unit size, % of bank;
win_reduction - How much to reduce the bet after a win, % of the bet.
min_runners - Minimum number of runners;
mins_before_off - When to place a bet, minutes before start;
fav_rank - Rank of the favourite to lay on (1 - first fav., 2 - second fav. and so on);
min_price_dif - Minimum price difference between first fav. and the horse to lay on, in ticks;
min_odds - Minimum odds to lay at;
max_odds - Maximum odds to lay at.
This statement is a result of the incremental loss recovery plan applied to 17 races that took place on 14/06/2014 (through backtesting in Time Machine).