Guest post written by Peter Sackville
There is much advice from many sources on a daily basis when it comes to horse selections and those that are given out as tips. Consider however that a professional staking plan is what separates most punters from success. Using the right staking plan can help to turn a hobby in to a second income and should be considered essential.
Many amateur punters lose sight of the importance of a great staking plan. This alone can separate the men from the boys, and if you are still seeking the very best staking plan in the world then your search is over.
Firstly, without any shadow of a doubt you should never use a staking plan that recommends increased stakes AFTER losses! This method of betting really is the quickest way to losing an entire bank and heading to the poorhouse. When losing runs happen, they can very often manifest themselves in to strings. Strings of losses when using any type of ‘chase your losses’ staking plan will lead to disaster.
What you actually require to remain in the game, long term whilst maximising profits and minimising losses is a staking plan that correlates to the size of your betting bank. One that increases as you win and decreases should you lose.
This idea can help to sky rocket any profits made when betting on horse racing, or indeed any other sport besides. So how can a staking plan like this work?
Work out the total gross sum of your betting bank, whether £200 or £2000 calculate exactly what 5% of your bank is. In this case we are going to use the example that the betting bank is £2000.
Therefore: 2000 / 20 = 100. So 5% of a £2000 bank is £100.
This 5% value is the pure and absolute maximum that you will EVER bet on an outcome in any chosen race or event. It is now also the amount you will bet on every investment, no more no less.
No matter how many wins or losses you have, if you stick to a maximum of 5% your bets will decrease in size when you lose, but more importantly if your results are good can exponentially increase your gains when you win!
The difference between this and the classic level stakes plan can be huge. Look below for an imaginary bank, one that uses level stakes and the other the 5% maximum pro bet!
Level stakes 1 point win start £2000 5% Pro bet start £2000
WIN@ 9/4 +£225 £2225 WIN@ 9/4 +£225 £2225
WIN@ 3/1 +£300 £2525 WIN@ 3/1 +£334 £2559
WIN@ 5/1 +£500 £3025 WIN@ 5/1 +£640 £3199
This very basic model shows that within three winning strikes the 5% plan has produced to the nearest pound an increase in betting bank of around 5% from level stakes! If you can imagine over a period of one or two years how much that could end up creating on your bottom line profits then you now know why this is the best staking system bar none and one of the most valuable staking plans you could ever adopt.
This plan not only works well for actual potential profit returns, it helps psychologically. Many punters when hitting a losing streak become negative and fearful of their next bet. This alone can be one of the worst scenarios and I am sure one, that most amateur punters can relate to. This concise staking plan helps to give you the confidence that you need when betting. You are always in the know that you really are betting well within your limits.
So long as your study and selections are reasonable and bets that you wholeheartedly want to place. Then you are in the ideal situation of not only betting within your means but doing so with the confidence that you are maximising any potential returns. It does not get any better than this, ignoring this investment strategy really could cost you dear over the coming years!
Peter Sackville is a successful professional punter and now author of many unique articles online. Peter is intent on sharing the information others may need in order to take their betting to the next level and make it pay. Realising that so many of the most important basics are often overlooked by a majority of amateur punters, Peter has recently teamed up with others to form www.ProPunterSecrets.com Members are able to contact him directly and he is always willing to share his knowledge and the many years experience gained from betting on horse racing.