Gruss Forum • View topic - One click trading

by **GaryRussell** » Sat Apr 30, 2005 10:58 am

Originally posted by: TrueForm
Ferryman:

The higher the percent return you want, the higher the prices need to be. The same applies to the number of selections. The more horses you choose, the bigger the prices need to be to get your required profit percent.

To Dutch 4 horses for a 50% return, the odds need to average out to about 5-1.

Example:
Horse A, B, C and D are all 5-1 and you put £10 on each. Whichever wins returns £60. So your total stake would be £40, your return would be £60 so your profit would be £20 - which is 50% profit.

by **GaryRussell** » Sat Apr 30, 2005 11:27 am

Originally posted by: diddycoy
The Lay Field works well. Getting a great profit out of laying the field at 1.2. Anyone else doing this ?

by **GaryRussell** » Sat Apr 30, 2005 11:31 am

Originally posted by: ferryman
Thanks Trueform,happy with that example and now how do I enter it using Layits programme. Sorry for if this is obvious but I cannot grasp that. Thanks again.

by **GaryRussell** » Sat Apr 30, 2005 12:13 pm

Originally posted by: JohnM
ferryman>

The Dutching feature of Layit's programme works back from a target profit rather than forward from a desired stake.I think it is more useful in this mode as the odds available are a huge variable and it may simply be impossible to get a 50% (say) return on 4 selections. As it stands you would set your desired profit (currently defaulted to 10) make your selections and see what your layout would be. It's then up to you to decide whether the risk/return is worth it.

Cautionary note: Because of the £2 minimum stake the programme will not (currently) be able to Dutch if one or more of the stakes is calculated to be less than this minimum, so watch out for that and increase the target as required.

by **GaryRussell** » Sat Apr 30, 2005 12:34 pm

Originally posted by: LayItYouMug
The first part of the trading mode is ready to test. After backing or laying a selection the possible profit you can lock in (according to the current odds available) is displayed and when you click on this the correct stake is automatically layed or backed. The idea is to give the same profit/loss on all selections.

This only works with a GBP currency account at the moment. I do not want to release this version to everyone at the moment because I've only done a small amount of testing and could not bear the inevitable avalanche of criticism . I want some volunteers who accept the risks involved (small risks) to test it and let me know if it's what they want or how it can be improved. Please email me if you want to help.

thanks.

by **GaryRussell** » Sat Apr 30, 2005 12:47 pm

Originally posted by: Snake Plissken
Layit

Why did you ignore my Q above?
You said you were developing the prog for a new job.
Did you get it?

You said you were not going to provide a trading mode.
Now you are.

Are you hoping to put it on your CV to get some consultancy work?

I don't understand what your motivation is - particular if you are a pro programmer. It s a bit of a busmans holiday isn't it?

Do the punters here who may come to rely on your prog realise that any software requires maintenance through its lifetime, and may well stop working overnight without it?

I think they are reasonable questions. Don't you?

PS I have no affiliations with any other product, I just think these are reasonable questions/points to make.

by **GaryRussell** » Sat Apr 30, 2005 12:52 pm

Originally posted by: The Gambling Monkey
Snake, If you'd have thoroughly read through this post you would already know the answers to all your questions!!!

by **GaryRussell** » Sat Apr 30, 2005 12:55 pm

Originally posted by: Snake Plissken
Sorry,

I've read quite a bit but 13 pages is too much.

Care to bring me up to date?

by **GaryRussell** » Sat Apr 30, 2005 12:55 pm

Originally posted by: LayItYouMug
Snake Plissken. Sorry your question "when's it start" was not clear to me.
I said I had recently changed jobs so I already had got the job.
When did I say I was not going to provide a trading mode?
I'm happy with my current job and not looking for any consultancy work.
The programs free so if it stops working overnight and I don't update it it's not the end of the world.

by **GaryRussell** » Sat Apr 30, 2005 12:57 pm

Originally posted by: Gerry
"One click trading - free program coming soon"

I think Layit sets out his stall fairly clearly in the thread title. What he did say was that he was not going to provide automatic bet placement, perhaps that's what's confusing you. Now either support the guy in his very generous and quallity efforts or go away. Stop looking for ulterior motives.

by **GaryRussell** » Sat Apr 30, 2005 12:58 pm

Originally posted by: LayItYouMug
To put the record straight I am not even a programmer by profession. I have no formal qualifications. My job involves programming, but not full blown applications, just small programs for reformatting files, automating tasks (all in house stuff).

by **GaryRussell** » Sat Apr 30, 2005 12:58 pm

Originally posted by: The Gambling Monkey
Well said Gerry

by **GaryRussell** » Sat Apr 30, 2005 1:17 pm

Originally posted by: Snake Plissken
Gerry

Layit said

<i>The first part of the trading mode is ready to test. After backing or laying a selection the possible profit you can lock in (according to the current odds available) is displayed and when you click on this the correct stake is automatically layed or backed. The idea is to give the same profit/loss on all selections.
</i>

That looks like "automatic bet placement" to me. doesn't it you? Though granted with some manual intervention.

Regardless.

These are perfectly reasonable <b>questions</b> to ask and points to make. I don't have to support or criticise Layit. I don't need his program, so I don't need to constantly suck up to him.

Also, making the point that SW, free or otherwise, would need support is a no brainer but reasonable to make. Some people such as yourself might come to rely on the SW - and if Layit gets busy at work, or goes on holiday he may not have the time to fix it if some issues arise.

My only worry is that if he takes the other alternative and did make it open source as some have requested, then every muppet and his friend would screw around with the source code and this could, for instance, hit site performance.

If Layit screws something up there is only one version which needs to be fixed.

Anyone who is capable of fixing enhancing his code is more than capable of writing their own from scratch.

HTH

by **GaryRussell** » Sat Apr 30, 2005 1:28 pm

Originally posted by: Gerry
"That looks like "automatic bet placement" to me. doesn't it you?"

Err, no. It looks like automatic stake calculation to me. Look, if you don't need the program and have no interest in it why are you posting here? Don't say it's to point out possible problems and help the users, no-one is stupid enough to need your help.

by **GaryRussell** » Sat Apr 30, 2005 1:35 pm

Originally posted by: LayItYouMug
Snake Plissken. If you read through the thread you will see that I said I would NOT release the source code to the public domain. I also made the same point that if they could enhance my code then they could also write their own so why bother with mine.

One click trading - free program coming soon

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