Level Loss

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Level Loss

Postby eightball » Sun May 12, 2024 10:01 am

I need a formula that lets me Lay a selection, if that selection becomes the favourite, it will exit the market with a level loss. :?
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Re: Level Loss

Postby alrodopial » Mon May 13, 2024 6:31 am

Lay/back trade:
Back stake = (Lodds/Bodds)*Lay stake

level profit/loss for any trade:
2ndBetStake=(1stBetOdds/2ndBetOdds)*1stBetStake
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Re: Level Loss

Postby eightball » Mon May 13, 2024 8:16 am

alrodopial wrote:Lay/back trade:
Back stake = (Lodds/Bodds)*Lay stake

level profit/loss for any trade:
2ndBetStake=(1stBetOdds/2ndBetOdds)*1stBetStake


Thanks, how would that look like in a basic excel formula? I don't know code. :oops:
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Re: Level Loss

Postby alrodopial » Mon May 13, 2024 9:22 am

describe your steps from your first bet till the bet you want to place
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Re: Level Loss

Postby eightball » Mon May 13, 2024 4:37 pm

alrodopial wrote:describe your steps from your first bet till the bet you want to place

Lay a selection which is not the favourite-If the selection becomes the favourite-Exit the market with a level loss.
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Re: Level Loss

Postby alrodopial » Mon May 13, 2024 5:17 pm

It requires coding, it can not be done just with formulas
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Re: Level Loss

Postby eightball » Mon May 13, 2024 7:23 pm

alrodopial wrote:It requires coding, it can not be done just with formulas

Thanks for your help anyway.
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