Lay Liability Staking Plan
With Lay Liability staking plan a fixed percent of the bank is set as liability for each race. The percent value can be applied to initial, current or highest bank. If the initial bank is used the liability will have a constant value. If the current bank is selected the liability will increase after a win and decrease after a loss. When the highest bank is chosen the liability will not change after a loss, but will increase after a win in case the current bank reaches a new maximum value.
If a single selection qualifies for the race, the stake is calculated according to the following formula:
stake = liability / (selectionPrice – 1)
- liability = liability for the race.
- selectionPrice = selection decimal odds.
- stake = stake to place for qualified selection.
If multiple selections qualify for the race, the dutching algorithm is applied to calculate the individual stakes.
The following parameters can be configured in this staking plan:
- Liability = X% of Y bank: the value of the liability expressed as percent of the bank.
- X: the percent value.
- Y: the type of bank to which the percent value is applied:
- initial: the percent value is applied to initial bank.
- current: the percent value is applied to current bank.
- highest: the percent value is applied to highest bank.
Lay Liability Staking Plan Example
Let’s assume the following settings:
- Initial bank: £200
- Liability = 2% of current bank
- 1 selection qualifies at decimal odds of 5
- liability is £4
- total stake is £1
- bet wins and the profit is £1
- current bank is £201
- 1 selection qualifies at decimal odds of 3
- liability is £4.02
- total stake is £2.01
- bet losses and the loss is £4.02
- current bank is £196.98
- 1 selection qualifies at decimal odds of 4
- liability is £3.94
- total stake is £1.31
- bet wins and the profit is £1.31
- current bank is £198.29