STAKING PLANS & SYSTEMS
It is not our task to analyse every system and pass comment on it. However, it is important to look at one or two well known operating plans and to tell you why they do or do not work.
Quite simply there is no better staking plan than this obvious candidate. And the reason is quite simple – because a horse is either worth a bet or it is not worth a bet. It is often tempting to think that a horse has a number of doubts about it so you reduce your stake to suit. Wrong. If you have doubts about the bet, then keep your money in your pocket.
Remember this: “The biggest advantage that the punter has over the bookmaker, is that the bookmaker must bet on every race whereas the punter can pick and choose when and where and how much he wants to bet”
This is the best weapon in your armoury. If you want to bet once a week then you can. If you want to bet in 15 races a day then you can. In other words, if you are not certain that a horse is worth a full bet then YOU DO NOT HAVE TO BET. So instead of reducing your stake then simply don’t bet, and wait for a better opportunity because at the end of the year, when you look back over all your bets, it will always be the mass of smaller bets which has harmed your overall figures.
Betting with too many smaller stakes bets is the sign that you are betting for fun or from addiction, rather than as a serious investment.
Since it is extremely difficult to stick rigidly with a level stakes regime, one can always vary somewhat, using a points method – but only where there is little variance between the stakes. For example a scale of 1 to 10 points would be a hopeless technique, as the temptation to have too many 1 point bets would creep in. Instead try a scale of 8-12 points, for example. This allows a certain degree of freedom to compensate that some bets will inevitably feel stronger than others, but it still cuts out all the deadwood bets.
Doubling Stakes (Loses)
Doubling stakes after a loser. Let me say here that this is the worst staking system that could ever possibly be imagined. It reduces gains when you win and maximises losses when you lose! In particular if you hit a losing run, you could wipe out your entire bank in a short space of time.
Bet to a percentage of a bank. In other words, let’s imagine that your betting bank starts out at £5000 on Day One. You decide to bet 5% of your bank on every bet. Thus, your first bet would be £250 (5% of £5000). Let’s assume it wins at 8/1, you collect £2000 profit and add it to your bank. Your bank now stands at £7000, so your next bet will be £350 (5% of £7000). Thus your stakes increase as you win, which is exactly what we want them to do if we are going to maximise the potential of a winning run. Meanwhile if you hit a losing spell and your bank decreases, then your stakes will decrease accordingly too which will minimise your losses during a poor period. Below is a full example of this 5% bank staking plan. The difference in actual profits against level stakes is quite phenomenal – one could have achieved nearly 400% higher profits. Also, 5% of a bank is sufficiently high to discourage you from being tempted into having lots of lower quality bets.
The fixed stakes produce £12,000 profit, which is good, but the %bank stakes produce over £46,000 profit. Quite a difference over just three months!
The 20 Point Banking System
The 20 Point Banking System is designed to make sure you are never ever going to lose your shirt on horse racing. It will also remove all worries about exactly how much you should bet on a race. Sounds simple? This is how it works.
Let’s imagine you decide the most you would ever consider losing on horse racing before you would quit is £4,000. This is effectively your ‘bank’. Now divide that figure by 20. This gives you the maximum amount you should bet on each race - in this case £200. Let’s take another example. Supposing you are going for this in a more serious way and consider £8,000 to be the most you would ever want to lose on horse racing before you called it a day. If you
divide your “bank” (£8,000) by 20 you would get a figure of £400 per bet. This is the amount you should never exceed in any one bet.
Since a tipping service does not know what your stake is, it will often refer to each bet as a ‘one point bet” or a ‘normal bet’. ‘One point’ meaning a different thing for each person depending on the size of their bank. ‘One point’ is your normal stake in any one bet equivalent to 1/20th of your bank. (e.g. £200 in the last example given).
The 240 point betting system
In an ideal world, every bet we place would always be the same size, i.e. one twentieth of our betting bank. But in the real world some bets are stronger than others meaning that the tipping service will tell you whether a bet is a small bet, a normal bet or a maximum bet. Obviously if our MAXIMUM BET is one twentieth of our betting bank then smaller bets would require our basic unit to be divided into smaller amounts.
This is a bit tricky if we only have a basic betting unit of one point. To solve this problem different tipsters have come up with different systems BUT THE
BASIC RULE HASN'T CHANGED. THE MAXIMUM YOU WILL EVER STAKE IS ONE TWENTIETH OF YOUR BANK.
In the early days of your betting career you are going to make a few mistakes. Also, please bear in mind, if you will start at the beginning of a winning streak or the beginning of a losing streak. Even if your first five horses win and you are massively in profit, please stick with your staking plan. It is the difference between success and failure.
For those of you who don’t have large capital resources to start with - don’t worry, your profits will hopefully soon build up and as your confidence grows you can slowly increase the size of your bets. My first ever bet was the princely sum of £2 (that's two pounds, not two hundred!). I remember it seemed a huge amount of money to be gambling and you can’t believe how gutted I was when it lost. £2.00 down the drain. It depressed me all day.
Month on Month Happiness - Not Day by Day Misery
£4000 bank (£200 fixed stake)
£4000 bank (5% stake)