A staking plan is an algorithm that computes the stake placed for each qualified selection in a market according to different configuration, selection and financial parameters.
Here at FlashRace we have 30+ configurable staking plans for Back and Lay betting, grouped into 4 categories: Back Non-Recovery, Back Recovery, Lay Non-Recovery, Lay Recovery.
You can test your selection systems on as many staking scenarios to see which one produces the best return. You have to keep in mind, that, although the aim of a staking plan is to maximize the profitability of your selection systems, it will not work in the long run if your selection method doesn’t pass the equal-stake (or level-risk stake) test.
So you must focus first to improve your selection strategy and only if you are confident that you already have a positive edge with your systems, you can expect to increase your ROI still further by testing your systems with different staking formulas and bankroll management strategies.
Back Staking Plans (Non-Recovery)
With Target Profit staking plan the aim is to achieve a predetermined profit for each race, which is calculated as percent of the bank. The stake is computed using the following formula: stake = targetProfit / (selectionPrice – 1). Thus, the stake will vary inversely…