We Love this Approach, so much so
we have it in most of our Betfair Bots.
" You can't hit a target you
cannot see, and you cannot
see a target you do not have!"
Zig Ziglar (1926-2012)
This is NOT A BOT..
it is a staking plan you use your selections.
Great for Horses, Dogs, and Sports.
If you selections are looking like this below, then no staking plan will help you.
However, if you can get around 20-25% winners at 3.25 to 4.00 or more then read on...No doubt you have tried to win a set amount of money per race or per winner, most people have done that. There are two reasons most people fail in this method.1. They abandon the plan after a few losing bets and pop on there PUMPKIN HEAD and start betting amounts that are way over the planned amount. 2. They get a winner, however are not happy with the fact that they have had 5 or 6 bets to make a return that is not large enough for them to feel happy with. (The gambler in you is raising it head). We have a four prong attack on our Stop At A Target.1. The target is in relation to the bank (to keep things safe). 2. We add a Profit Delta, this is a little sugar to make the returns if we have a few losing races it sweetens the return when we hit the winner. 3. We have a Capital policeman that will stop you from betting too high in relation to the bank you have. It will let you set the Stop Loss, in either a Soft Stop Loss, or a Hard Stop Loss. 4. You can run multiple staking plans at the same time, to add safety. Portfolio Approach.
How does the staking plan work? As the name implies, you set a target amount to win, and each bet is aimed to win the target, when you hit a winner. But we are adding more, a profit booster, we call a Profit Delta. OK, let's start from the beginning, and set up the staking plan. Below is the setup grid for the staking plan, this is taken from the excel version (Cloud is the same info needed).
OK, here we go, I will say once again this is a simple approach but effective. Once you set up the settings (see above) then the rest is very straight forward. 1. Bank: This is the amount you set aside for the worktab or session, it is not the Betfair/Bookie?TAB bank but a portion only, and this is the anchor point of the graph and rolling summaries. 2. Target: This is a money amount, in this case it is 1.00 (this is the currency of your betting whether it be Aussie dollars, Euro, Pounds, etc). It is not a percentage of the bank. Target is per winner. 3. Profit Delta: This is an amount that is added after the first losing bet in a series, in the case above we are adding 20 pence, cents to each race (event) until a winner or the stop loss is hit. 4. Stop Loss (Two Options Soft or Hard) explained in the manual, when these are hit the session or worktab will restart with the original Target (in this case 1.00) and all staking in the series is lost. 5. Commission: If you are using an exchange you can enter the commission you pay, if using TAB or bookies make it Zero. 6. Rounding Option: This rounds the staking up to either .10, .50, 1.00 or if you are using an exchange, you can choose No Rounding, and you will get the exact staking. OK, we are ready now to start betting.
You enter the Date, Time, Horse Name and the current odds you can get. Once that is done the Stake (Blue Box) is auto fill by the spreadsheet or software. This is the amount you are staking on the selection. Once the race or event is known we can enter the results see below.
OK, we lost that race, in the Win Loss column we have Win/Lose option once that is filled in by you the rest of the columns and graph are all done on auto fill by the spreadsheet or cloud software. Then we continue on to the next race, let's look at that.
Bet 2. It is in the second race we see, how the staking is arrived at. We have a Target of 1.60 (blue box) this is made up of 1. Original target 1.00 2. Profit Delta .20 3. Stake lost in the first race. .40 Total 1.60 OK, let's say this bet lost also.
Bet 3. We hit a winner, collect 2.36, recover previous losses, hit 1.00 target, and get both or .20 and .20 profit delta. Profit 1.40. Mission accomplished, Bet 4 will be a fresh start see below.
Bet 4. This is a new series start back to the Target of 1.00. And so it goes on, hopefully making profits and finishing series before we hit a stop loss situation. Lets look at a stop Loss in action (you will hit them it is a fact of betting.) We have a tight stop loss on this example.
The above shows that a Hard stop of 10.00 was hit, even though our losses were only 6.15, so why the stop loss? Well the next bet would need to stake 4.11 to recover lost staking and make the target and profit deltas. So., if the bet was to lose our losses would be 10.25, which is over 10.00 so the stop loss (we had a Hard Stop Loss set.) However if we had a Soft Stop Loss, then this bet would have been placed at 2.80 x 4.11, and if it won series is completed with profits realised. If, the bet lost we would have booked a 10.25 loss over the stop loss by 0.25 If you are using low odds Soft Stop can hurt you. In this example we set the stop loss low, so we can show you want can happen, ideally you would want you stop loss to be around 50 times to 100 times your Target. So on a 500 bank a stop loss of at least 50.00. (Not the 10.00 we have in this example.
We have two ways to access the Stop At A Target.Available in Cloud Version and Excel Version.
Available in either an Excel spreadsheetOr A Cloud Software use this on phone, tablet, PC or Mac
The cloud interface software.
The spreadsheet interface software.
Both of these products work in the exact same way as far as the staking and stop losses work. Just the Cloud one is portable and can be used anywhere, where as the excel needs Microsoft Excel 2016 of higher and is locked to one PC or laptop. To put your betting in order, you need order in the way you bet. Welcome to the new order!
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In Summary:We will usually make use of the Hard Stop Loss, this will stop us from chasing our losses, and instead focus on the target. This a fixed amount. Now, if you are reading this, you are likely to have already tried this method, and failed. So here are some tips to help you succeed. 1. Have a plan and stick to it. 2. Set realistic targets and make sure you have a way to measure progress. 3. Don’t chase losses over a cliff, if you have a bad run, take a break and re-evaluate your strategy. 4. Track your results and adjust your targets accordingly. 5. Be disciplined and don’t get overconfident. 6. Profit Delta, ideally should be between 10% and 50% of the target amount. If you have a low strike rate use the lower percentage (10%). 7. When you have a good profit like 75% to 100% take a profit and restart a new series, maybe increase the bank and Target. By following these tips, you can achieve success with stop at a target betting. It’s a method that can work if you stick to it and make the necessary adjustments along the way. With a little bit of discipline and patience, you can potentially make a consistent profit from your bets. Grab your copy today before the low price disappears!
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Want to read the owners manual before you grab it?
Paypal Options
Cloud Software Option
Cloud Software Only.5 Year Licence Special UK Pounds
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Excel Spreadsheet Option
Excel Spreadsheet Only.UK PoundsLifetime Licence
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These are a few of our Bots that Use Stop at a Target staking.
SAW Deluxe Horse Bot.
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Horse Back Bot
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Greyhound Back Bot
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Inplay Football Bot
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Daily Football Stats This is not a bot, but is a power Football betting Tool.
If you bet Football you need this!
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AutoProfitSoccer Bot
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If you don't accept this offer where will you be with your punting in a month from now? 2016-23© Steve Davidson © 2016-23 Refund Policy We, as a merchant, provide both products (goods) and services (information) to our customers. If merchandise or products are ordered through a Direct Mail advertisement or via the Internet, the guarantee, if any, is included in the mailing, promotion or service description. Our advertising will also include the terms and conditions for refunds on any books, publications and/or systems purchased. |
Cheers
Steve Davidson