Jan 28, 2015 01:29 AM
Most conversations I have with punters these days usually involve a question
or two about their staking plan. All too often I get bowled over by the lengths
that punters go to with their form analysis and race risk assessments, while
hearing little of substance in response to the staking question.
'It depends how much cash I have got on the day.' or 'I bet more
than usual if I am feeling good' are just two examples from recent discussions
with two seriously smart punters who had shared some very intelligent thoughts
about punting just minutes before. It's a bit like
the 'driving for show and putting for dough' golf analogy really. You do the
form, select your horse, get great odds then apply little to no thinking about
how much cash you will bet on your selections. So why is staking such an after
thought with so many punters?
Stake with confidence
A lot of social punters believe staking is for professional punters with no
application to them other than if they're winning, at which time they are inclined
to 'load up' and increase their bet amount for subsequent races. That in itself
is a staking plan but if that's all you use, there are a lot of opportunities
to get more from your form analysis and make a better return. An easy example
is using a stake that best represents your confidence in a race or if each-way
or place betting is your thing, take one of those more conservative bet types
for races where you are least confident.
Staking on value
Professional punters who have the skills to price their own betting market
will typically let value drive their stake. The more value in the bet the higher
the stake. This thinking is simple really - if you were getting $3 for heads
and $2 for tales for the flip of a coin, you would load up on heads all day.
Staking for return
Another approach punters can use for staking is to put a return objective on
each race. As an example you might set yourself an objective to win $100 on
the race by betting on several horses that you think have a reasonable chance
of winning. This approach requires a sophisticated wagering calculator that
considers your profit objective, the current odds of each horse you have short
listed, and the potential race outcomes to produce the amounts to bet on each
horse. This approach usually involves returns which are a small percentage of
One of the most common bank staking methods is to simply use a small percentage
of the bank for each bet. For punters to work out the percentage that is right for them, they
need to establish how much they bet, how often, and the profit on turnover that they expect to make. Together these figures will give them their weekly cash profit amount.
If that calculation leads to a figure that is less than what you expected, then you'll need
to increase the bank percentage that you use for future bets. There are many
other derivatives of Bank Staking which I plan to discuss in future articles.
If you have a staking plan that you would like to share with other punters, please
email us through our "Contact Us" page. If your staking plan is published
you will receive a $25 bet.