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To use the top down betting strategy, you first need to determine the desired payout. This will be the amount 👍 you want to win, and it should be based on the amount of money you are willing to risk. Once 👍 you have determined the payout, you can work backwards to calculate the amount you need to bet on each individual 👍 wager.
For example, let's say you want to win $100 using the top down betting strategy. You have a starting bankroll 👍 of $500, and you are willing to risk 10% of your bankroll on each individual wager. To calculate the amount 👍 you need to bet on the first wager, you can use the following formula:
Bet = (Payout / (Odds - 1)) 👍 * (1 - (1 / Desired Payout))
In this formula, "Payout" is the amount you want to win, "Odds" is the 👍 decimal odds of the bet, and "Desired Payout" is the ratio of the payout to the initial stake. For example, 👍 if the odds of the bet are 2.5 and you want to win $100, the formula would be:
Bet = ($100 👍 / (2.5 - 1)) * (1 - (1 / (100 / $100)))
Chip Romig, MMR 423
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