It bets at the multiples
1 1 2 4 8 16
i.e. one unit on the first bet, one on the second bet, two on the third and so on.
You start again at the start of the sequence when you get a winner (stop at win) or you stop when you loose at your 16 unit bet loosing a total of 32 units.
I have been trying to find a method of picking winners that works best with this as I have had some failures with this staking plan. If you can find a method of picking winners 40% of the time with odds above $2 it should work fairly well.
I have found this website best describing staking plans.
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