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Target Profit

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)

where:

  • targetProfit = the aimed profit for the race.
  • selectionPrice = selection decimal odds.
  • stake = stake to place for the qualified selection.

Thus, the stake will vary inversely proportional with the price of the selection. When the odds increase, the bet value will decrease and when the odds diminish, the bet value will become larger.

When multiple selections qualify in a race, the total stake is calculated using the following formulas:

divisor = |(100 / totalProbability) – 1|

totalStake = targetProfit / divisor

where:

  • targetProfit = the aimed profit for the race.
  • totalProbability = total probability of winning for all qualified selections.
  • totalStake = total stake to place for all qualified selections.

The stake for each qualified selection is calculated using the dutching algorithm. In case the total probability of winning for all qualified selections exceeds 100%, the race profit will be negative.

Settings

The following parameters can be configured in this staking plan:

Target Profit staking plan settings
Protect staking plan settings
  • Target = X% of Y bank: the value of the aimed profit 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.

Target Profit Staking Plan Example

Let’s assume the following settings:

  • Initial bank: £200
  • Target = 2% of current bank

Step 1

  • target profit = £4
  • 1 selection qualifies at decimal odds of 5
  • total stake is £1
  • bet wins and the profit is £4
  • current bank is £204

Step 2

  • target profit = £4.08
  • 1 selection qualifies at decimal odds of 3
  • total stake is £2.04
  • bet losses and the loss is £2.04
  • current bank is £201.96

Step 3

  • target profit = £4.04
  • 1 selection qualifies at decimal odds of 5
  • total stake is £1.01
  • bet wins and the profit is £4.04
  • current bank is £206

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