Hi Forum
I need help with a formula for betting and hoping you guys can help.
I intend to have a starting bet of 10, if it wins, it will be multiplied by the odds of the winning horse/team etc, if it loses, it will be -10 (my stake).
But the next stake will increase by 2. Next bet will be 12, if it wins, it will be multiplied by the odds of the winning horse/team and added to a total. I intend to keep on adding 2 to my stake on each bet until I win, when I win, it will be reset to 10 again.
What sort of formula could I use for this staking plan?
Odds Stake Win/Lose P&L Total P&L +110
6 10 L -10
5 12 L -22
10 14 L -36
6 16 W 96
5 10 W 50
I need help with a formula for betting and hoping you guys can help.
I intend to have a starting bet of 10, if it wins, it will be multiplied by the odds of the winning horse/team etc, if it loses, it will be -10 (my stake).
But the next stake will increase by 2. Next bet will be 12, if it wins, it will be multiplied by the odds of the winning horse/team and added to a total. I intend to keep on adding 2 to my stake on each bet until I win, when I win, it will be reset to 10 again.
What sort of formula could I use for this staking plan?
Odds Stake Win/Lose P&L Total P&L +110
6 10 L -10
5 12 L -22
10 14 L -36
6 16 W 96
5 10 W 50