Each Way Level Staking Plan
The Each Way Level Staking Plan is the most basic Each Way Staking Plan equivalent to using level stakes. It is an excellent benchmark to check against other Each Way Staking Plans.
EW Betting Explained in Simple Terms – What does £5 EW mean ? This is two bets of £5. Bet 1 equates to betting £5 on the outright winner. Bet 2 equates to betting £5 on being placed which is usually finishing 2, 3 or 4. If bet 1 is successful the bet is treated as a normal win bet. If bet 2 is successful the odds are usually divided by 4 and any payout is calculated using this divisor. Clearly if Bet 1 is successful then Bet 2 is also successful and your payout includes both Bet 1 and Bet 2. In the example below our bet has odds of 9 and the horse concerned finished 1st.
The calculations are :
Bet 1 Stake * Odds -1 = Profit ————– 5 * (9-1) = 40
Bet 2 Stake * ((Odds-1)/4) = Profit ————– 5 * ((9-1)/4) = 10
Bet 1 Profit + Bet 2 Profit = Total Profit ————— 40 + 10 = 50
The example bet has now been changed below so that the horse was placed 2nd. This means that Bet 1 lost but Bet 2 still won.
The Calculations are :
Stake * ((Odds-1)/4) = Profit ———- 5 *((9-1)/4) = 10
Profit – Bet 1 Stake = Total Profit ——– 10 – 5 = 5
The example below shows how a run of real bets look in TSM.
The settings used in TSM to produce the above results are shown below. If you are new to TSM these are the Win/Lose Strings that tell TSM what to treat as an outright winner and what to treat as being placed. These can be edited and saved in TSM to match your own preferences to the way you record your bets.
Frequently Asked Questions
Answer: The Each Way Level Staking Plan is the simplest Each Way staking method in TSM. You set a fixed unit stake that is applied to both the Win part and the Place part of the bet. It serves as the baseline/benchmark for comparing all other Each Way staking plans.
Answer:
- Start Bank – Your initial betting bank
- Level Stake – The fixed amount used for both Win and Place (e.g. £10 EW = £10 Win + £10 Place)
- Recalculate Stakes After X amount of Bets.
In addition we can also edit the:
- Place Dividend – Usually 1/4 or 1/5 (can be customised)
- Win/Lose Strings – Custom strings to tell TSM what counts as a Win, Place, or Loss.
Answer:
- Win (1st place): Full odds on Win stake + Place dividend on Place stake
- Place (2nd/3rd/4th): Only the Place part pays out at reduced odds (usually 1/4)
- Lose: Both Win and Place stakes are lost
- 1st: £40 (Win) + £10 (Place) = +£50 profit
- Placed: +£10 (Place) – £5 (Win stake) = +£5 profit
