Many punters concentrate their efforts on picking winners. Their's no doubt
that is a key part of the game but it's not the only requirement for successful
punting. Another key component is staking - How much should you stake on various bets?
Staking for most punters is a split second, spur of the moment decision. It
is usually driven more by situational or emotional factors, like the punter's
win/loss position at the time that they place their bet, rather than their sound
logical betting sense. The fact is that punters can improve their returns by
applying a proven staking plan to arrive at their bet amount.
The idea of staking seems simplistic on first look. However when you consider
the various factors and betting approaches, it opens up a world of opportunity
for the punter. Here's some of the key considerations when creating a staking
plan.
Staking to manage risk
Professional punters will use a staking plan which is consistent with their
appetite for risk. The more risk adverse punter will establish a bank and stake
each bet at a fraction of the bank balance. This approach provides cover for
longer than expected losses, while driving growth as the bank increases in size
over time.
At the other end of scale is the punter who sets a profit target and bets until
they reach it. Each loss means adjusting the risk upward by betting higher
stakes to win their set profit target.
Punters who set a profit target in each race might also adjust their stake according to the price to achieve that target amount. For example if the profit target is $100
and a runner is at $6 the punter will bet $20. Considering the same profit target
the punter will bet $10 on a horse showing odds of $11 to win his $100.
Staking criteria
Our discussions with professional punters over the years have revealed a range
of different approaches towards setting a betting stake. The common thread running
through them all is sound logic. Confidence level and the number of unreliable
form variables in a particular race are a few examples of criteria that punters
use to drive their stake on any particular bet.
Multiple Horse Staking
A significant number of punters bet on more than one horse in a race using
a multiple-bet staking approach. Punters adopting this approach usually apply
a
betting system to find their top three or four chances in a race. The punter
then sets an amount that they are targetting to win in each race and enters
this into a multi-bet staking calculator to determine the different staking
amounts to place on their chances to return the targetted amount.
To get more information on staking plans, read through our library of articles
taken from real professional punters and form experts below.
Latest News
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Fri, 27 November 2015 01:29 AM
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Fri, 21 August 2015 02:16 PM
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Thu, 07 May 2015 02:20 PM
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Wed, 28 January 2015 02:28 PM
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Thu, 13 March 2014 11:34 AM
Punters may have read a bit about the Kelly Staking Plan.
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Wed, 26 February 2014 01:29 AM
We've been interviewing some of our most successful tipsters over their time
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