With a fixed income strategy, you plan your income in advance, but this does not mean that you will receive it. In this article, we will analyze what a fixed profit betting strategy is, determine how to calculate the amount of the bet, and also consider the pros and cons of this system.
What is a fixed profit betting strategy
A fixed profit strategy is a strategy according to which the amount of net profit is planned, and the size of the bet is selected depending on the coefficient.
The "fixed profit" betting strategy boils down to the player's plan to earn a specific amount from each successful bet. The amount of the bet may change. The bottom line is to fix the income from the forecast.
This is the difference between this system and other strategies, in particular from flat, where the player bets the same amount under any conditions.
How to calculate the amount of fixed income
What is a fixed profit betting strategy
A fixed profit strategy is a strategy according to which the amount of net profit is planned, and the size of the bet is selected depending on the coefficient.
The "fixed profit" betting strategy boils down to the player's plan to earn a specific amount from each successful bet. The amount of the bet may change. The bottom line is to fix the income from the forecast.
This is the difference between this system and other strategies, in particular from flat, where the player bets the same amount under any conditions.
How to calculate the amount of fixed income
Decide what percentage of the bank will become net profit. At $10,000, it is reckless to count on $1,000 in profit - with several failures in a row, you risk losing all your capital.
Adhere to the principles of bankroll management.
Bankroll management - money management rules that you are ready to use in gambling.
The chosen percentage determines how dynamic the growth and fall of the bank will be after a win or loss.
We recommend a range of 2-5%, meaning a $1,000 fixed profit strategy is adequate with a $50,000 pot. Focus on this percentage from the bank.
Fixed Profit Strategy Bet Formula
The function of the dependence of the bet amount on the coefficient and the desired profit is as follows:
S = C / (K - 1), where S is the bet amount, C is the desired profit, K is the coefficient.
The formula is simple, let's look at a specific example. Imagine that in the match "Real" - "Barcelona" bookmakers give the following odds: P1 for 2.15, X for 3.20, P2 for 3.35.
Calculate the size of the bet with the desired profit of 1000 dollars and the forecast for the victory of "Real":
1000 / (2.15 - 1) = 870 dollars.
With the desired profit on the victory of "Real" in 1000 dollars, you need to bet 870 dollars. The payment will be - 1871, net profit - 1001 dollars.
Consider the bet amounts if you are confident in the victory of "Barcelona" or predict a draw:
On the victory of Barcelona: 1000 / (3.35 - 1) = the amount of the bet will be equal to 426 dollars.
For a draw: 1000 / (3.20 - 1) = the amount of the bet will be equal to 455 dollars.
In these formulas, the sums of the bet and net profit are rounded.
Fixed profit in betting: pros and cons
Pros:
- The strategy is convenient and understandable for beginners. If you are just starting out in betting and want to improve your bankroll management skills, a fixed profit strategy will help you learn the basic laws of the game. This system does not depend on the coefficient and the sport.
- The system is suitable for betting on high odds. Example: a player bets on the victory of an underdog in four matches with a coefficient of 7.00, one call is enough to recoup investments and get a profit. If the calculation for earnings is 1000 rubles, then the bet amount will be 167 rubles: 1000 / (7.00 - 1). The costs will be 668 rubles: 167 x 4, and one successful bet will bring a net profit of 1000 rubles. This is our advantage over the line.
Cons:
- The strategy is not suitable for a player who prefers to play at odds less than 2.00. Example: following a fixed profit strategy of 1,000 rubles, a player bets on not losing Zenit in a match with Akhmat with a coefficient of 1.10 and, if unsuccessful, may lose 10,000 rubles: 1,000 / (1.10 - 1). Even one such loss will seriously hit the bank.
- The system does not guarantee winnings and limits the amount of net profit. The fixed profit strategy can be reproached for the fact that it does not increase the probability of entry in any way. The player must be patient and not jump out beyond the profit margin of 2-5% of the pot.