Fixed Staking Plan
The Fixed Staking Plan is often seen as an alternative to Level Stakes. With Level Stakes the bet size is equal for all bets but the return will be dependant on the bet odds. With Fixed Betting our return is always constant. We simply adjust the stake depending on the odds. In other words, your bet size will change in direct proportion to the odds on offer, with the aim of achieving a pre-determined profit.
A consequence of this type of betting is that the longer the odds become, the smaller the stake. Conversely, the shorter the odds become the larger the stake. Using this system therefore, it is advisable not to bet odds on.
- Set your profit target per race at £40
- Odds given for the horse are 4/1 (5.00)
- Your stake would be £40 divided by 4 = £10
- Therefore, £10 x 5 = £50
- Minus your stake = £40.
However if you had odds say 1.7
- 40 divided by 0.7 = £57
- Your stake would have to be £57 to return £40 (not a good idea for odds on betting)
In TSM there are several options. The Fixed Staking Plan allows you to set a target relative to your start bank. It also allows for this to change relative to your cumulative start bank by way of telling TSM when the last bet of the day is by using the last bet filter. See help manual for details.