There is a strong case to suggest that the amount you bet is actually more important than what you bet on. A staking plan or staking strategy is the method of defining how much of your bank you should be investing on a particular wager. Having an edge in any wager is essential and how you then stake your money on this wager is an important consideration.
Percentage of Bank (Good)
This is when you have a betting bank and stake a fixed percentage of that bank on each selection. The problem with this type of staking plan is that you have your smallest stake on winners and your largest stakes on the losers. Let’s see an example to see this in action. Let’s assume you start off with a betting bank of £500 and you stake 5% of that bank on each selection.
As you can see with this plan you had your largest stake (£25) on a loser and your smallest stake (£21.43) on the winner. Again not an ideal state of affairs.
The best way to utilise this plan is to only calculate a new stake (of 5% in this example) when your betting bank is larger than when you first started, otherwise you keep the stake the same. For example;
In this variation we have kept the stake the same until the bank exceeds the opening position and only then is a new stake calculated.
Remember, preservation of your betting bank is paramount. To achieve this, and to make your betting bank grow, think very carefully before adopting any system which advises you to use either the Martingale or Loss Recovery staking plans. Whenever possible use level stakes or a low-risk, high-reward staking plan.