Fixed Staking Plan

The Fixed Staking Plan is a strategic betting approach designed to achieve a consistent profit per wager by adjusting the stake relative to the odds. Unlike Level Stakes, where the bet size remains constant and returns vary with the odds, the Fixed Staking Plan ensures that each successful bet yields a predetermined profit, regardless of the odds.

Implementation of the Fixed Staking Plan:

1. Set a Profit Target: Determine the desired profit for each bet.

2. Calculate the Stake Based on Odds: Divide the profit target by the decimal odds minus one. This calculation adjusts the stake to achieve the target profit.

   Formula: Stake = Profit Target / (Decimal Odds – 1)

Example Calculation:

Assume a profit target of £40:

• For Odds of 4/1 (Decimal 5.00):

  • Stake = £40 / (5.00 – 1) = £40 / 4 = £10
  • If the bet wins: £10 x 5.00 = £50; Profit = £50 – £10 = £40

• For Odds of 7/10 (Decimal 1.70):

  • Stake = £40 / (1.70 – 1) = £40 / 0.70 ≈ £57.14
  • If the bet wins: £57.14 x 1.70 ≈ £97.14; Profit ≈ £97.14 – £57.14 = £40

This approach ensures a consistent profit per bet. However, it requires larger stakes for selections with shorter odds, which can increase financial exposure. Therefore, it’s advisable to avoid betting on odds-on selections (odds less than 2.00) to maintain manageable stake sizes.

Considerations:

• Bankroll Management: Ensure that your bankroll can support the varying stake sizes, especially for bets with shorter odds, to avoid overexposure.

• Risk Assessment: Be cautious with low-odds bets, as they require higher stakes, increasing potential losses if the bet is unsuccessful.

Implementation in The Staking Machine (TSM):

The Staking Machine (TSM) software facilitates the Fixed Staking Plan by allowing users to:

• Set a profit target relative to the starting bank.

• Adjust the profit target based on the cumulative bank total, using features like the ‘last bet filter’ to specify the final bet of the day.

By employing the Fixed Staking Plan, bettors can aim for consistent returns on each bet, provided they carefully manage stakes and assess associated risks.