How to Use the Stop-Loss Calculator

A “Stop-Loss” is a crucial risk management tool. It automatically exits a trade when the price moves against you to a pre-defined level, capping your potential loss.

This calculator is for a **Back-First** trade (a “Red-Up”).

The Strategy:

1. You **Back** a selection at low odds (e.g., 2.0).
2. The trade goes wrong, and the odds *rise* (e.g., to 2.10).
3. You exit the trade by placing a **Lay** bet at the new, higher odds to cap your loss.

This calculator finds the exact Lay stake needed to ensure your loss is the same small amount, no matter the outcome.

How to Use:

• Initial Back Stake: The amount you first bet.
• Initial Entry Odds (Back): The (lower) odds you placed your back bet at.
• Stop-Loss Exit Odds (Lay): The (higher) odds you will exit at if the trade fails.

To be a stop-loss, the **Lay Odds must be higher than your Back Odds**. If they are lower, you are “Greening-Up” (locking in a profit), not setting a stop-loss.