Lay Fixed Liability Staking Plan
The Lay Fixed Liability Staking Plan ensures a predetermined maximum loss per bet. The Stake is adjusted so that if the bet does lose, we never go above this maximum loss.
Key Features:
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Consistent Risk Exposure: By setting a fixed liability, you define the maximum amount you’re willing to lose on any single bet, providing clarity and preventing unexpected large losses.
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Stake Calculation: The stake for each bet is determined based on the fixed liability and the odds of the selection. For instance, if you set a maximum risk of £50 and the horse’s odds are 4/1 (5.0 in decimal), your stake would be £12.50. This calculation ensures that if the horse wins, your loss is capped at £50, and if the horse loses, you gain £12.50.
Implementation Steps:
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Determine Fixed Liability: Decide on the maximum amount you’re willing to risk per bet (e.g., £50).
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Identify Selection Odds: Obtain the decimal odds of the horse or selection you intend to lay.
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Calculate Stake: Use the formula:
Stake = Fixed Liability / (Decimal Odds – 1)
Applying this to the example:
Stake = £50 / (5.0 – 1) = £50 / 4 = £12.50
