Parlay staking plan
Parlay staking plan is useful when you have many winning bets, which means that your strike rate is high. This is only possible if you are placing bets at low odds, that is on favourites and expected outcomes, so called sure bets.
Small odds give you small profit, so to increase profit you take winning from previous bet and invest it to next bet. By repeating this process your stake increases with each winning bet and your profit with bet is higher and higher. In case that your bet loses then you lose all your winnings and your initial stake.
This staking plan is not designed to recover your losses, it is designed to increase your profit as you keep winning.
At right side we have example for 10 winning bets at odds of 1.10. Initial stake in this example is £10. Each winning bet increases size of next bet by profit that it made. Sequence stops after set number of winning bets and in our case that is 10 winning bets. After 10 winning bets at low odds of 1.10 our profit is £15.94.
You can also download worksheet for Parlay staking plan that will allow you to set your own settings and see the results.
|Bet||Stake||Odds||Single bet profit||Overall profit|