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Back Level

With Back Level staking plan a fixed percent of the bank is wagered. The value of the bank used to calculate the stake starts from the initial bank. When certain conditions are met the bank value is updated to the current bank.

Settings

The following parameters can be configured in this staking plan:

Back Level staking plan settings
Back Level staking plan settings

Percent of initial bank to bet: the percent of bank which is wagered.

Update initial bank: specifies the conditions in which the bank value is updated to the current bank.

  • every X bets: after X number of bets were placed since the last update.
  • every X days: after X number of days passed from the last update. The count starts from the day of the first race in the betting session.
  • when bank increased by X%: when the current bank increased by X percent in comparison with the bank used for calculating the stake.
  • when bank decreased by X%: when the current bank decreased by X percent in comparison with the bank used for calculating the stake.

In case none of the conditions is selected, the bank value will remain at the initial bank.

Use dutching to calculate stake when multiple selections qualify: this option applies dutching algorithm to split the total stake among multiple selections in a race. If the option is not used the total stake is placed for each qualified selection.

Example

Let’s assume the following settings:

  • Initial bank: £200
  • Percent of initial bank to bet: 2
  • Update initial bank every 2 bets
  • Use dutching to calculate stake when multiple selections qualify: not checked

Step 1

  • the bank used to calculate the stake is updated to £200
  • 1 selection qualifies at decimal odds of 5
  • total stake is £4
  • bet wins and the profit is £16
  • current bank is £216

Step 2

  • 1 selection qualifies at decimal odds of 3
  • total stake is £4
  • bet losses and the loss is £4
  • current bank is £212

Step 3

  • the bank used to calculate the stake is updated to £212
  • 1 selection qualifies at decimal odds of 4
  • total stake is £4.24
  • bet wins and the profit is £12.72
  • current bank is £224.72

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