Putting a staking plan into action in Marvelbet Id

Marvelbet Id have a free Excel spreadsheet that works as both a staking plan tool and a bet tracker. This tool gives suggested bets for the Kelly Criterion, as well as for the level stakes, percentage stakes, and square root stakes plans. It also figures out how much you would have made if you had stuck to each of the four betting plans.

Plans for Bets Placed at the Same Time

The above methods are easy to follow if you only make one bet at a time, but there is no advice on what to do if you make more than one bet at the same time.

Say, for instance, you use Percentage Stakes with a 5% rate and $100 in your account. If you want to bet on five things at once, do you put $5 on each? Or do you bet $5 on the first, then $95 *.05 = $4.75 on the second, $4.51 on the third, and so on? Both choices are dangerous, especially if you bet on a lot of things at once. With the first choice, you'll be putting $25 on the line, which is 25% of your whole account amount.

The second choice isn't much better because it puts 22.62 percent of your money at risk. When making a lot of bets at the same time, this method leads to unintentionally high risk-taking, which goes against the purpose of a staking plan, which is to teach discipline.