Now you have the option to choose how strong you want to support the horses,dogs or sporting event.
This is a combination of Dutch (default option) or Hedge the option to have one horse as insurance if your strong selection has in your mind a danger.
This is a very visual way to to see how the shifting of stakes can affect your returns.
Plus you get the 3 backing options.
1. Spent. Set the amount you want to spend on the Event.
2. Return. Select the amount you want to get returned to you should one the selections win.
3. Profit. You select the Profit you want from the event, if one of the two win.
We have two divisions in the excel or cloud software.
1. Balanced Staking: This is basically your dutch return on the two selections, where you will win the same amount should either of your selections should win.
2.Blended Staking: Magic section that you can tweak to get a return that is not balanced. And is the hedging division. You slide the slider to get a weighting on one horse over the other.
Lets look at the two divisions, first off the Balanced Division.
Below is the excel version interface.
Balanced Division
There are a few things to discuss here.
At the top is three settings.
Target: This is set and reflects a few different things, to us.
1. Target in our Spend option with relate to how much we will spent. So in the example above if we have 30.00 in there that means the spend amount will be 30.00
2. Target in our Return Option, means we will try and a return of 30.00 less commission.
3. Target in our Profit Option, means we will win 30.00 profit less commission.
You will see in the balance section should either selection win the return back you is equal no matter who wins.
When you move the slider the Balance Section does not change the figures it is fixed.
Blended Division. (Magic Happens)
The settings for this division is as we discussed above, so we are using Target as 30.00 however the spend/target is not balanced it is weight to one horse more than the other.
In the example above we have Horse two as the one we think should win, so we give it 75% (Space Boy).
Spend Option:
So as a result on the Spend Option we are staking Horse 1 Alpha 2, only $6.60 and infact should that horse win we will lose $1.69.
Why would we want to do that?
Because we think Horse 2 Space Boy is a better bet, and if he should win we make $49.49 profit from our 30.00 spend, we are using Horse 1 as an insurance bet so we are at less risk of losing all the 30.00 should we have just bet Space Bot with out the bet on Alpha 2. We have two horses racing for or 30.00 investment.
Return Option: Once again you see we lose money if the Horse 1 wins, however a nice return if horse 2 wins.
Profit Option: You can see that we get better return on this option, as we are getting 25% profit on Horse 1 and Horse 2 will give us 75% profit.
Lets Look is we swing the slider the other way.
Moving the slider the other way weights the return and spending toward Alpha 2 Horse 1, no this is the one we hope wins the race for us.
Of course we don't need to be that aggressive.
Lets look at a 45% to 55% weighting.
You can see the amounts between the two horses is not that great now, how it is still weighted as compared to the Balance Staking at the top.
Now you can tweak horses/Dogs/ Sporting events odds to get it more in favour to the way you think it will happen.
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