Can anyone help with formula for a staking plan?

[Ian1506]

Hi folks. I am toying with place betting and with my current selections, backtesting shows a strike rate of 76% with a slight ROI. I have run the same bets using the following staking plan which shows a better return.
Base bet is one unit. After a loss increase by one unit. After a win reduce by one unit. Because the strike rate is so high I feel there is minimal risk as my initial stake is quite low.
I have worked out the basic formula but am stuck with how to tell BA to update the stake when I have a bettable race. (I dont bet each race in the market). Any help would be gratefully accepted.
Cheers Ian

[doris_day]

Are you really sure your staking plan will end up better in the long run ? For the last two years in using The Staking Machine with numerous systems, I've never come across a system which, in the long run, has done any better than using level stakes. Just a question.

[Shaun]

The only thing i find better then level stakes if you are on a winning system is percentage of bank re-calculated on start of day amount.

[Ian1506]

Thanks for the replies.
Doris_Day. I'm not sure how it will end up in the long run. I am pretty sure that in the short term it will provide some benefit but I'm still pretty new to this. I'm working on the assumption from everything I've read about staking plans that it will assist a system which can turn a profit using level stakes.
I'd still like to give it a go but am quite stuck on the formula.

Shaun. Thanks for your comment

[doris_day]

If you have enough data give The Staking Machine a try to see what possible advantage you'll be able to get. As far as the coding is concerned you should probably PM 'osknows' as he seems on top of most of this kind of routine. At the moment I've just started learning to code but it'll be a while before I can do anything worthwhile