Bookies Bank Version 2 is a recovery staking plan that aims to recover any previous loss by dividing the series loss by the next bet odds.
For instance. Assuming the default stake is £2. If we stake £2 on bet 1. The bet loses. We now need to recover £2 and the default stake. Let us assume the next bets odds are decimal odds of 3.5.
Firstly we need to calculate the recovery stake for the £2 loss. This is done by £2 / 2.5. For the odds we use decimal odds - 1.
This gives us £0.8. The default stake for the next bet is now added on. This gives us £2 + £0.8 = £2.80
Let us assume bet 2 loses. The series loss is now -£4.8. This is the total of the stakes in bet 1 and bet 2.
Once again we divide the series loss by the next bets odds. Assuming the next bet odds again is 3.5 the calculation is £4.8 / 2.5 . Once again for the odds we use decimal odds - 1. This gives us £1.92. Add on the default stake of £2. The next stake is going to be £1.92 + £2 = £3.92.
Once a bet wins and the series loss is recovered the series starts again. On a long losing run the stakes could increase dramatically so a stop loss is advisable. The picture belows shows the above example and further bets.
In TSM there are several settings available including the default stake size, stop loss and the ability to link the default stake to the cumulative total.