![]() ![]() With a slightly added risk and income potential, extra benefits are: Level Up Staking is used for all the same reasons. Wanting to simplify the process for followers.Using an extremely aggressive method – with high early bankruptcy potential high-profit potential (large bet size).Looking for a conservative approach with smaller ‘expected maximum drawdown’ (small bet size).Looking to place bets simply and rapidly.You might consider this method if you are: Well, that was extremely unhelpful of them… I’ll try to be a little bit more helpful and take you through the circumstances in which you might use each system. In an unsurprisingly inconclusive result, the outcome was: In a poll recently undertaken by us here at The Value Betting Blog, of exclusively profitable bettors, we asked which staking method they preferred. Here are two slight proportional staking variants with explanations from external resources.Ĭonstant profit: You always win the same percentage of your bankrollīet size = Constant profit percentage / (Odds – 1)Ĭonstant impact: Your bankroll grows or decreases a constant valueīet size = Constant profit percentage / Odds Which Betting Stake System Is Best? Common values of fractional Kelly parameter are between 0.1 and 0.5, depending on your risk aversion:īet size = Bankroll * fraction * (Odds * Probability of success – 1) / (Odds – 1) Extras This formula is the Expected Value of your bet (Bankroll * (Odds * Probability of success – 1)), divided by the net profit (Odds-1), and it can be demonstrated that using this formula, you get the maximum expected (and exponential) growth of your bankroll ().Īs it is hard to know the exact probability of success of every bet, it is a good idea to apply a fraction (value between 0 and 1) to the original Kelly formula. I’ll hand you over to Miguel, WinnerOdds creator and my co-writer here at TVVB, for a more expert explanation.: So your bankroll size, the odds, and your calculation of what the odds should be – are all factors that determine your bet size. You need to know what you are doing to even begin to implement it.īasically, the stake increases and decreases depending on how far the available odds are from where you believe they should be. Kelly Criterion is a lot more complex, hugely popular with top tier elite sports bettors. Proportional Staking Variant: Kelly Criterionīet size = Bankroll * (Odds * Probability of success – 1) / (Odds – 1) If your bankroll is at $1250, you’re placing a $12.50 bet. If you decide on 1%, you are betting $10 for a $1000 bankroll. Then you do the very simple maths each time you place a bet. With every single bet, your stake adjusts to a proportion or your current bankroll a percentage of your bankroll at the time of betting.įirst, you decide what percentage you would like to bet. Now, for the real proportional staking strategy. The Proportional Staking Strategyīet size = Constant percentage of your bankroll Wait a minute, that’s a little close to a proportional staking strategy. $30 stakes perhaps? Still in the conservative mould of a level betting strategy, but a nice level up. They worked when you had a $1000-$2000 bankroll, but now they are barely a smidgen of your bankroll. It basically says that once you reach a certain bankroll, for example – $10,000, your $10 stakes are just a bit too small. The Level Up Staking Strategy is one that many, if not most, level bettors adhere to. That’s not the real name, there isn’t really a real name. Level Staking Variant: The Level Up Staking Strategy But due to the fact you are not altering your bet size even in a large drawdown, the bankruptcy potential is at a maximum. Giving you high bet size, high risk, and high-profit potential. Level betting is typically used in a conservative way, but in some cases can be used aggressively. Of course, you must analyse a safe bet amount in the beginning, to mitigate the possibility of a heavy early drawdown and subsequent bankruptcy. In fact, your risk goes down with every cent you add to your bankroll. Rigid, safe, effective your bankroll grows, but your risk doesn’t. That’s level staking, just bet a consistent amount every bet. Then for the next bet, do the same amount. What you do for the Level Staking Strategy, is bet a predetermined amount. ![]()
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