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Strategy Articles: Two simple to use Lay betting Staking Plans...
By AH Online Punter team
Many “self proclaimed” professional gamblers selling systems on the internet will have you believe that their product will have you winning thousands of pounds from horse racing/sports overnight! This type of system is always accompanied by a “unique staking plan” that can turn your £100 into £100 000 in no time. 99% of the time the “unique staking plan” is a loss recovery type plan. It will involve putting all your losses from the previous bet onto the next until you win, otherwise known as the “open wallet surgery plan”. Another ploy that system sellers use will be something along the lines of “90%+ strike rate since 2003”. It’s all very well and good to know what the expected strike rate of a system is but the real question is, does it make any money? Strike rates are best used a guide as to how often you win using the method outlined. It depends on the type of gambler; some want a profitable high strike rate system(myself included) whilst others are happy to endure long losing runs safe in the knowledge that one winning bet will catapult their betting bank back into profit. At the end of the day it’s a personal choice but strike rates mean nothing unless you are consistently obtaining value on your bets which leads me onto my the golden rule when considering staking plans,
If a system cannot show profits at level stakes over an extended period of time, then no alternate staking plan in the long term, can produce a profit either!
Making a profit at level stakes is the ultimate test of any betting method! It also indicates the “edge” you have over other punters/bookmakers.
Example,
At the start of the jumps racing season you have a betting bank of £1000, throughout the season you research, study form and place level stakes £10 bets based on your assessment of your selections chances. At the end of the season you have a betting bank of £1165 which indicates you obtained a 16.5% edge over the betting market. Whilst the £165 profit made over the course of the jumps season may not seem that much considering the effort you have put in, but the return of 16.5% is very impressive indeed!
My recommended Lay betting staking plans...
There are two types of staking plan that i recommend you use when laying horses up to a maximum price of 5.0 4/1
1-
2-
LEVEL STAKES 100 plan-
Example-
Now you must decide what percentage of your 1000 you are prepared to risk on each bet. I would strongly suggest you risk no more than 3%
one bet = £30
Using this plan you would lay every horse that you identify as a potential bet to a maximum liability of £30 on Betfair. Then after every 100 bets at £30 each, re calculate 3% of your bank .
Example-
One bet = £35 (rounded up from 34.65)
Note you must stick to the 3% rule regardless of whether your bank has risen or fallen!
You simply repeat this process every 100 bets.
The level stakes 100 plan allows for a slow but steady growth of your betting bank and is also a very safe method of staking.
LEVEL STAKES DAILY % plan-
Decide on an amount of money that you can safely afford to commit as your betting bank.
Example-
Now you must decide what percentage of your 1000 you are prepared to risk on each bet. With this plan i suggest you use no more than 2% of your bank
One bet = £20
Using this plan you would lay every horse that you identify as a potential bet to
a maximum liability of £20 on Betfair. Then after each days betting regardless of
whether your bank has risen or fallen re-
This plan can be a roller coaster ride, the good days are very good and the bad days are just bad but providing you are using a successful betting system and can handle the ride the level stakes daily % plan will generate big profits over a relatively short space of time.
I personally use this plan for my own betting.
As to which plan you use its down to personal choice but i suggest if you are new to lay betting to start out using the level stakes 100 plan until you are confident in your chosen selection method. After several periods of betting and hopefully profits you may want to take on the level stakes daily % plan and really begin to boost your profits!
