Lay a Percentage of a Profit Target Staking Plan

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Description

The theory behind this staking method is that after a loss, the staking increases, so losses may be recovered more quickly than if we simply staked a percentage of our betting bank.

Use this spreadsheet to place a series of lays with the intention of winning a specific profit . . . . . . a Profit Target.
We lay each time to a percentage of our chosen profit.
We set that percentage in the spreadsheet.
Example :
If we set a Profit Target of £40 and stake to a liability of 10% each time, our first lay would have liabilities of £4.

As we hit winners and losers with our lays, the liability of each lay goes up and down.

  • Profit from successful lays is taken off what we still need to win to get to our chosen profit.
    A profit reduces what we need to win, so the percentage of the next lay gives a smaller liability.

  • If we hit a winner with one of our lays, the loss is added to what we still need to win to get to our chosen profit.
    A loss increases what we need to win, so the percentage of the next lay gives a bigger liability.

  • The effect of subtracting profit and adding losses, (the opposite of laying to a percentage of a Betting Bank) is that we lay to a Profit Target.

It won’t have escaped your notice that as our profit goes up, our stakes go down.
If 
our profit continues to increase if we continue to hit losers with our lays, we could be laying very small stakes.
It could take us a long time to finally reach our profit target.
To get around that problem, a “Reset” facility is built into the spreadsheet that allows us to enter a new Profit Target at any time, so that stakes can be increased without the need to delete all previous stakes and results from the spreadsheet.
The “Reset” can also be used to reduce stakes if necessary.
If we have favourable results, resetting after making profits can increase the overall profit of the staking plan.