Hugodaglish wrote: ↑
Wed Mar 07, 2018 9:57 pm
wearthefoxhat ok that makes it a bit more clear, except the insurance bit.
How would I use the 2 selections as insurance? I more than likely have read or watched how to do it, but just cant remember.
I had a good day today. started off with a £46 Bank finished at £110.24,using £3 and a couple of £5, not on dutching though, on the 1 click screen. haha not to sure how I did some of it. Set up a bot and that did well to, oh and a bet on footy wolves to win. good day
If I can keep this up over the next few weeks i will up my bank, that is to be seen.
I am patient and not greedy, off work sick, dont think I will ever go back so have lots of time to absorb all of this. Loving it so far.
Well done with your bank building so far.
You may have found your own way of making a profit!
The selections for "insurance" in the example, can be added manually on the dutching programme. When setting ; back for target profit
and choosing more than selection, you can adjust the overide target profit
and input 0. This automatically alters the predicted profit to 0 as well. As long as the amounts are matched, then if that selection wins at 0 profit, you have your insurance bet(s).
There are 2 you-tube videos that Peter Webb demonstrates how the dutching programme works visually.
around 9 minutes
around 7 minutes.
It's effectively creating a book% of your own and setting better odds on other selections. It's just a question of either letting it go unmatched, keep in play or take BSP if unmatched before the off time. Also give the market time to accept your unmatched bets, maybe 60 minutes before the off time is a fairly good practise.
Yesterdays example was an acceptable loss. This is essentially a stop loss on the race. If you have a good winner finding strategy and can also eliminate the poorer selections, there's no reason dutching would work well in the long run.
The trick is not to be greedy. £5-£10-£20 a race target profit, despite a couple of losing/insured races, it will soon add up, although dutching is not everyones cup of tea.