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Betting Strategies – A-Z to Make Punting Pay – Level Staking?
Betting strategies can be as complicated or even as successful as you want them to be. If you don’t learn from day one how to manage your finances and place the right level of investment, you’re in trouble from day one!
There’s nothing more frustrating than a long losing streak. Many punters are confused by this psychologically damaging state as profits plummet and losses soar. It is very common for most amateur bettors to be so shaken up by this very scenario that they lose their minds and control trying to stay afloat, often looking for losses.
There are those who bet, and those who invest. A huge difference in mentality. I’m not saying professional bettors aren’t happy to see their ten to one win, of course they do! However, they probably didn’t put in more than they could afford to lose, hoping it would save their bacon and win!
One of the most crucial betting strategies known to man is……?
A staking plan
What we mean by a staking plan, period. Is an organized method that creates an automatic, emotionless decision as to how much money we should put on the next horse. It is common knowledge among those experienced in the sport that emotions do not serve you well when betting on horse racing. The more we can remove them from the system, the better.
You will come across a very basic staking plan over and over again, so it’s time to explain the level staking plan.
This system is solid and a good starting point for novice bettors. It is exactly as described. Level staking. Therefore, you would calculate your initial investment bank amount. Using a formula decided either by you or by a professional adviser. Divide your total gross bank by a fixed amount. Some divide the bank by a hundred, some by twenty, and anything in between. It’s a personal choice.
You can easily see that by only using one percent of your betting funds, your potential wins and losses would be less dramatic than using, say, five percent of your funds. If you can’t see that, you should probably either stop betting or be sure you can find out why.
The percentage you choose is actually more crucial than just choosing how you will bet. Every human being has their own comfort zone, and it will be different between all of us. My own personal staking plans have seen me use up to ten percent of a bank, but this is very high risk and not recommended for beginners. You can work towards this strategy later in your betting career if necessary.
Let’s say we choose to use a five percent plan. We have £1000 as our initial bank, the calculations to calculate our consistent “point” value would look like this:
1000/100 x 5 = 5% (1/20th) = £50
We can see by using this very simple formula, that indeed we are now willing to place £50 on every bet we place. You can see that we have the ability to save up to twenty losers in a row before clearing the entire bank of bets. Therefore, we must take into account the confidence we place in our system or our selections.
I would personally recommend those new to betting to start with a unit value as low as 1%. This way you get used to placing bets, using this betting strategy and you can now have up to a hundred losers before your bank runs out!
We will discuss more complex staking plans as used by professional bettors later in this series of works.
This method will be used by like-minded bettors around the world who take their betting seriously. For those who have moved away from their old way of placing any old amount depending on their mindset or booked jockey. This simplest betting strategy has helped many take their betting to another level.
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