The Lay Percentage Recovery Plan aims to recover your losses over a set number of cycles and bets. The available settings in TSM are shown in the screenshot.
Using the above settings the intial stake is 2% of 100. Stake = 2 units. When the bet loses you enter the recovery mode. The above settings allow 2 cycles with each cycle containing 4 bets. The amount of loss to recover is set at 100%. In the example below there are 6 bets. The first bet is a loss. The series defecit is therefore 14 units. The settings tell TSM to try and recover 14 units over 4 bets. Therefore bets 2,3,4 and 5 are calculated as 14/4 = 3.5. At the bet 6 recovery mode is finished and the stake is back to 2 units.
In the next example bet 4 is a loss. The settings tell TSM there are 2 cycles. As the first cycle was not finished we enter the second cycle and try and recover our losses again. As bet 4 lost the series defecit is 24.5 units. The next 4 bets (assuming they all win) will be 6.12 units. You can see that by bet 9 the defecit is recovered and recovery mode is finished. The stake reverts back to 2 units.
If however cycle 2 is not completed as in the example below. The staking plan cuts its losses and starts again.
In TSM you can set the amount of bets to recover your losses from 1-100. You can also select the cycles from 1-25. A further setting available is the option to link your stake to the cumulative total. In the example below notice how the stake increase until bet 5. At this point the recovery mode is entered and TSM attempts to recover the defecit as per the settings used. At bet 10 recovery mode is finished and the stake is once more calculated as a percentage of the cumulative total.
The final setting not yet mentioned is the ability to recover any commission lost during your winnings. For this to be active commission must be turned on in the TSM software and the 'Increase Stakes to Recover Commission' must be checked in the staking plan settings. The screenshot below shows how the stakes are raised to allow for commission losses.
Remember - When using betfair, commission can be 5%. This can equate to a lot of money lost over time.