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