Following a staking plan when ‘backing’ horses….
When backing horses, it’s imperative that you follow a staking plan. The level at which you stake needs to be such that it ensures a good return when you win, but protects your betting balance in the event of a losing run. These are going to happen as this is the nature of sports betting, especially when backing horses.
The fine-balance between the aforementioned can be the difference between being successful and being unsuccessful in your efforts. The basic mistake that many sports bettors make is to become greedy and set their stakes too high, leaving themselves open to losing runs that can devastate their betting bank. Other conservative sports bettors set their staking levels too low, so they fail to take advantage of wins and their betting bank grows far too slowly. The latter is undoubtedly better than the former, however to optimise profit this balance needs to be just right.
What is a betting bank? To the more experienced bettors this topic needs no explanation. If you are new to the betting world however, or have decided now is the time to take things a little more seriously, then the term ‘betting bank’ refers to a sum of money that you set aside purely for betting. It is vital that this sum of money is one that you can effectively afford to lose and in doing so would have no impact on your current lifestyle. Ideally this sum of money should be deposited into an online betting account and used solely for the purpose of following our selections. If you are partial to the odd football accumulator at the weekends then we recommend you use a separate bookmakers for fun bets. Setting aside an affordable ‘betting bank’ and following a staking plan is the first step to becoming a successful bettor.
Staking Plan explained….
Our selections that are distributed to members all have a recommended stake advised. This is represented by a number of ‘points’ rather than a number of ‘pounds’. Members will operate with different betting banks so this method ensures each and every one of you follows the same strict staking plan.
A simple staking plan to consider:
1 Point = 1% of your betting balance.
If you have a £1000 betting bank and we advise 1 point WIN on one of our selections, your total stake would be £10 on the WIN.
If you have a £1000 betting bank and we advise 1 point EACH-WAY on one of our selections, your total stake would be £20 (£10 on the WIN and £10 on the PLACE).
The same applies to multiples as follows:
If you have a £1000 betting bank and we advise 1 point WIN on e.g. a Yankee, your total stake would be 11 x £10 = £110
If you have a £1000 betting bank and we advise 1 point EACH-WAY on e.g. a Yankee, your total stake would be 22 x £10 = £220
Note: We appreciate that money holds more value to some than others. Only stake what you are comfortable losing on a single selection. You may well find staking 0.5% of your balance per point is enough to reap the rewards from winning selections and ensure you can sustain any losing run more comfortably. The main thing is that you stick to a staking plan that you are comfortable with.
Horse Betting – Increasing your stakes in proportion to your increasing betting balance
One of the secrets to successful betting is to increase your stakes in proportion to your new betting bank level. We recommend that you keep this sensible, only increasing your stakes in increments of a 10% increase in your betting bank.
You started with a betting bank of £1000 and your profit has outweighed your losses. We recommend that you maintain your stakes at £10 per point until your betting bank hits £1100, then increase your stakes to £11 per point (1% of the new bank of £1100).
What if my betting bank decreases?
If you find yourself on a losing run, which will happen regularly in your career, then you have two options. You can either reduce your staking levels to the level of your new bank or maintain them at a set figure to help your bank grow again.
The way we have always approached this is by maintaining a set staking amount, unless your bank reduces by 10%. In this case you would reduce your betting stakes to reflect your new betting bank level until you pass the 10% mark again. You would then adjust your stakes to reflect this increase.
Your betting bank has increased to £1100 so you are now staking at £11 per point. You hit a losing run of 9 or 10 bets, so now your bank is back around the £1000 level. The disciplined bettor will then reduce their stake £10 per point again until they build their betting bank back up to the £1100 and can return to £11 per point. Don’t panic and reduce your level back down to £10 per point as soon as you drop below the £1100 point.
Just keep in mind that it is very natural for your bank levels to rise and fall throughout your horse betting career, it is the smart bettor who adjusts their staking levels to reflect these fluctuations.