There are many different staking plans that people use across all sport including horse racing, so I thought that I would go through a few and give the advantages and dis advantages of the ones I will outline.
Right let’s start with one of the most commonly used staking plans out there.
This plan is the simplest and considered to be the lowest risk method of placing bets as you simply stake the same amount on each selection whether that be a percentage of your daily, weekly or monthly bank, or it can just be an amount that you are comfortable with due to the size of your bank.
The advantages of this plan is that it’s very simple to use. The Disadvantages of the of the plan is that it doesn’t maximise profits or even minimise risk it’s basically used as a control compared to the size of your bank and the comparison of strike rate verses bank size.
This staking plan is based on the Fibonacci Sequence found in nature, 0,1,1,2,3,5,8,13,21…..where each number is the sum of the previous 2. In betting terms we drop the 0 and your first bet starts with 1 if this bet loses we move onto the next number 1 and again after a loss we move onto the number 2 and you continue the sequence until you have a winner. If you get to the number 21 then you stay there until you have a winner. At any point that you have a winner you move back to the beginning of the sequence which is the number 1.
So to make this work each number in the sequence represents a point of your betting bank so if 1 point equals £5 that’s how you stake so when your in the sequence and your on the number 3 your stake will be £15 and if your on the number 8 your stake will be £40.
The advantages of this plan is that you will generally find that the higher stakes will be on the winners and the smaller stakes on the losers ( unless of course you have an absolutely massive strike rate then you may as well stick to level stakes ).
The disadvantages are that as with any staking plan a long losing run will hit you hard and as I said before plenty of consecutive winners and this plan is no better than level stakes. The pure nature of this staking plan makes it a high risk option.
This staking plan was first associated with playing the roulette tables gambling on the 50/50 red or black. So basically what you did was double your stake until you have a winner, winner chicken dinner.
The thought was that the plan would be successful as you had a 50/50 chance of hitting your colour, but that was all well and good until you had a succession of the same colour. So applied to horse racing the risks in reality or higher as you generally don’t get a 50/50 chance of winning, but the rewards can be greater as you generally have better odds than 50/50 as long as the strike rate is reasonable and you apply some rules there is no reason why you can’t make it work. So you should either restrict your losing runs to a certain number or until you r bets get to a certain size.
The advantages of this staking plan are that the initial stakes are small and when you do hit a winner you regain all lost monies plus some on top for the wife to spend.
The disadvantages are that if you have a very good strike rate then you may as well use level stakes and also a massive losing streak will bust you fast. Again another high risk staking plan.
This staking plan is again based on a series of numbers and these numbers will change depending on winners or losers.
So the series of numbers used are 1,2,3,4,5,6,7. We calculate our stake by using the first and the last number in the series, so our first stake would be 1 + 7 times by our unit price so if our price is £5 it would be 1+7×5 = £40. Now if this bet wins we add the 8 to the end of the sequence giving us 1,2,3,4,5,6,7,8 so our second stake would be 1 + 8 X 5 = £45, now if that bet loses we remove the first and the last number in the sequence so we end up with 2,3,4,5,6,7, so the next stake will be the same as the last 2 + 7 x 5 = £45 and you keep repeating the process until there are no more numbers to play with and the we start the sequence from the start,1,2,3,4,5,6,7.
The advantages of this plan is that when on a winning streak you win big and during both winning and losing streaks the stakes do not change dramatically so as to totally bash the bank completely on a losing streak.
The disadvantages are after being on a winning streak your steaks do not reduce enough so that you are still staking high until you’ve had enough losers to start the plan from the beginning.
So again another high-risk plan.
All in all you basically need to find a staking plan that suits your system because normally a system is only as good as it’s staking plan. My Level stakes suit me but those stakes will depend on what one of my portfolio systems I’m using. Other bettors will have different stakes for odds ranges or types of races etc…but it all boils down to what suits.