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Example based on £100 stake:
Selection 1 @ 1.83 = 54,64 % ( 1 divided by 1.83 odds)
Selection 2 @ 5.90 =16.95 % ( 1 divided by 5.90 odds)
Selection 3 @ 9.00 = 11.11 % ( 1 divided by 9.00 odds)
Total £82.70 or 82.7% chance of winning leaving a profit of £17.30 if one of the selections wins.
The book is the total percentage 82.70%
In short the Total Book is always to 100% and the Book of the selections should always be less than 100%
so always shows a profit if one of the selections wins.
You select how many selections i.e. 2 or 3 or more. The selections can be done manually or by using multiple
favourite’s option. The bot calculates the % for each selection to give the stake.
There is also a filter for total Dutch book - Max Book % so all dutched selections must be less than this or a
bet is not placed.
Stakes are recorded in the Market Bets window at the bottom.
You can use this staking with Max Number of Bets/Min Number of Bets to make sure only the exact number
of bets is placed. So if you had 3 selections to Dutch and set the min and max bets to 3, then all 3 bets
have to be placed or none at all will be placed. A bit like a fill or kill option.
You can also choose to use recovery which will recover the previous loss on the next bet. You can choose
to recover a certain % of the loss and choose the number of additional attempts at recovery should you
get another loss ie. No. cycles.
You can also select to stop or reset the stake once the no. of cycles has been reached.
Example live bet :
The screenshot below is the old version 4.2 of the software for staking demonstrations
My Moment = 16.66% (1/6) x £1 stake = 0.17
Raysrock = 18.86% (1/5.3) x £1 stake = 0.19
Tartan Snow = 12.2% (1/8.2) x £1 stake = 0.12
Total Dutch book (Max book %) = 47.6% or 0.48 stake, leaving a profit of 50p if one of them wins.
The recovery formula is stake = (initial stake/odds) + loss to recover/(odds-1)
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