Horse Racing System Software – Increase Your Bank Profits With A Betting Plan
The betting plan methodology can be adapted to any form of betting or investment, for example, stock market investments, casino table games, etc., where the advantages of betting can be transferred effectively, provided the right type is applied plan. A betting plan can increase profitability by 10 to 30%.
Normal betting, as done by the majority of people, involves either placing a randomly selected bet amount on each event, according to ‘gut’. There are no criteria applied to the bet amount. If the same bet amount is used for each event, this is called “flat betting” or “equal bets”, where each bet carries exactly the same weight. There is no adjustment of the bet amount according to the odds offered, the effect of previous results, the amount available to bet or the efficiency of the system used.
Definition of betting plan
A betting plan is a predetermined money management methodology that, when applied to the betting or investing process, promotes steady overall growth through maximum returns. It ensures that the process will continue by ensuring that the funds do not expire due to the implementation of loss protection measures. This is done by assuming that future results will be similar to or related to past events, although this fact can never be guaranteed.
The first basis of the betting plan is that a separate betting pool or “bank” is used to bet from and to which the winnings are added. This means that bets are never placed randomly without counting towards the bankroll, and there is some liability limitation in managing money this way, rather than betting from daily funds. The concept of having a bank and its protection is fundamental to betting plans and implements the first stage of protection.
The betting plan is applied to a selection system that can use any criteria to select the next bet. It is important to note that the betting plan will never select a next bet for the user; he will simply indicate the bet amount.
As a priority, the betting system used should be evaluated in terms of its relative success and also evaluate the worst case scenario of a losing streak ie. the maximum number of consecutive or nearly consecutive losses. This possibility should be taken into account when choosing the bankroll and the type of betting plan used.
How to rate a betting system
The betting system is rated as a “straight bet” or “even stakes”, i.e. its performance is tested when a consecutive bet is made each time and this allows comparison of systems. In addition, the points can be applied in evaluating the success of the system. The points earned by a betting system then factor into the bet amount and the amount of funds held and can provide an overall rating level that is not related to the currency.
An example of applying points to a system could be accepting 1 point as 2% from a bank. With a bankroll of 2,500, 1 point will be 50.
Note: The betting plan calculations must allow for commissions that may be paid out on wins if a betting exchange is used.
The most common rating of a betting system is its Strike Rate. It is a measure of the relative success of the system, i.e. the winning percentage of total bets. The higher the average odds, the lower the hit rate can be. When multiplied by the average coefficient, the efficiency coefficient for a betting system is obtained.
For the Betting Plan to work, the Betting System must either be successful, i.e. having an overall positive result, or marginal, i.e. not making or losing significant money, with the bank balance remaining around zero. A betting plan cannot make a successful betting system out of an unsuccessful one, although some betting plans will help you make a marginal system profitable. This does not mean that the use of a marginal system should be encouraged. The more successful the staking system is, the better the staking plan will be able to help protect the bank and increase growth.
Benefits of using a betting plan
Using a betting plan can prevent many of the common betting mistakes. A betting plan immediately lends discipline to betting. It establishes a bankroll and enforces rules for each bet made. This prevents betting due to emotional reactions, positive or negative. It records every activity to provide a means of auditing and cross-referencing a system. Bets are limited to the amount set by the Betting Plan, which prevents wild or impulse bets.
The betting plan is the key to profit by protecting the bank from the risk it is exposed to through betting and encouraging slow but steady growth rather than a get-rich-quick mentality.
Bookies want the bettor to chase losses in blind hope, often relying on luck, and that is what will happen without the use of a disciplined betting plan. The most dangerous time is often at the end of the day, when it’s tempting to try to recover all of the day’s losses in one move. The betting plan continues from day to day, so there is no “last race” and it won’t happen.
The betting plan leads to slow growth through planning and encourages serious betting and sustainable winnings. The rule of “never bet more than you can afford to lose” is guaranteed by using a betting plan.
Features of a betting plan
The betting plan will:
1) maximize ROI
2) protection of the bank
3) specify the next bet amount
4) preventing equal bets or flat bets
5) reduction and limitation of exposure
6) supporting betting profits
7) maximizing the benefits of victories, minimizing the effect of losses
8) maintain the lowest exposure when recovering from a loss
9) position the bettor to take maximum advantage of a good profit
10) act on the effect of each bet, not the overall performance or emotion
11) turn a marginal system into a profitable system
12) increase profits in a winning system
13) minimizing losses during a long losing streak
14) allows the bank to grow slowly and safely
15) betting control to build profits over time
16) record the results of each bet
17) balance to the bank
18) imposes money management rules
19) provides an accurate bank balance at all times
20) allow the punter to know his exact position
21) monitors and records every bet from a system
22) provides a complete record of transactions for verification and recording purposes
23) give control over betting and provide a plan to bet on
24) help prevent blind or impulse betting
The betting plan will not:
1) specify what to bet on
2) turn a losing system into a winning one
3) predict or guarantee profits
4) make “quick money” but encourage a slow, safe growth process
Types of betting plans
A betting plan relates the next bet amount to some aspect of previous events, so the betting plan calculation can be related to the current bankroll or odds offered. Alternatively, it can be calculated according to the relative success of previous bets or aimed at recovering lost sums. The best betting plans are a combination of several of these methods.
A. Goal-Based or “Loss Recovery” Betting Plans.
This type of betting plan involves setting a goal or objective to be achieved. Once it is reached, a new goal is set. This means that bets are calculated against a target amount over a certain period of time and the betting plan is designed to reach that amount regardless of the results along the way. For a successful system, this can mean steady growth for the bank, as targets are set over time and profits grow slowly.
Progressive betting plans follow this idea but should be used with caution, for example doubling up after a losing bet can quickly lead to big losses. Some “Chasing Points” betting plans that use a target/loss recovery system include the Martingale betting plan and the Directors High Risk betting plan.
The danger with this type of system is that if the bet amounts are designed to recover losses, the target increases with each loss and a long losing streak can drain the bank.
B. Bank Bet Plans
These betting plans calculate the bet amount based on a percentage of the bank available for betting ie. they move in proportion to the bank amount. These are called percentage plans or bankrolls and involve variable betting, sometimes for example as a fixed % of the bankroll. Examples include Rolling Bank and Square Root Staking Plans.
It should be noted that these methods do not directly take into account the efficiency of the system to which they are applied, but only indirectly, through bank movements, although they are safer methods to use, since the bet amounts are regulated by the selected bank percentage .
C. Augmentation systems
These betting plans are directly related to profits and losses ie. against the Strike Rate of the betting system to which they apply. Examples include Fibbonacci, Stepper/Master, Pocket and Percentage Profit Staking Plans.
Applying direct feedback means that these methods respond best to the flow of events; however, this also means that they may not allow the maximum benefit of a winning streak.
D. Combination Plans
There are many betting plans that combine variants of the above plans, for example the Kelly criteria betting plan uses a formula to calculate the next bet based on the betting odds and average odds for the system and then applies a bank rate to get the amount on the bet. Winfactor Select Staking Plan uses a percentage of the bank according to the success of the system in a similar way.
What to look for in a betting plan
A good betting plan should successfully recover from long losing streaks while maintaining minimal exposure. As each event presents a new situation, it must calculate a new subsequent bet amount according to the revised bank position after each event.
When betting non-professionally, it should be noted that the betting plan should ensure that the amount of the bet is indirectly proportional to the value of the coefficient, i.e. the higher the odds, the lower the value of the bet up to a fixed risk amount according to the points. Many betting plans do not recalculate the bankroll after each event, losing potential profit.
Betting Plan Software
Good betting plan software should allow easy entry of results and give a quick and clear indication of the next bet amount. It may be useful to see the exact calculations of how this amount is arrived at, but it is essential to be able to see information about the exact state ie. current bank balance and performance indicators for recent events. It should allow the application of commissions when necessary.
Ideally, the plan software should include the ability to test flat betting systems. With an easy method of inputting past results, it should provide as output the necessary relevant parameters for system evaluation and comparison, i.e. the hit rate, performance ratio etc. as well as a summary of the total amount that would be wagered and the return that would be achieved. This allows full ‘paper testing’ of the systems.
Every race is a different equation, so a bet should never be placed without knowing the outcome of the previous event, and good betting plan software should quickly calculate and display the next bet amount.
Suggested betting plan software incorporating the best methods mentioned above can be found at
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