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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Sun, 19 April 2020 05:13 PM
After receiving a strong response to Jude's place multi-bet approach last week I have dug into the vault to focus on another popular betting strategy this week.
This strategy involves backing multiple horses in the same race to make a .....
Fri, 27 November 2015 11:16 AM
If you answer, "No idea" to this question, don't worry you are not
alone. A survey that we conducted last year indicated:
only 6% of punters can answer the question What are your betting
strengths?
of those who could.....
Fri, 21 August 2015 05:13 PM
If you are anything like the average punter your staking plan probably goes
something like this. Start with an average size bet. If I get a few winners
up early, increase my bet and if I am losing decrease stake accordi.....
Thu, 07 May 2015 12:57 PM
After receiving a very strong response to last week's article about backing
multiple horses in a race we have penned this article to:
Answer your questions on the betting method;
Explain when and how we will provide access to the mu.....
Wed, 28 January 2015 05:13 PM
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 .....
Thu, 13 March 2014 12:57 PM
Punters may have read a bit about the Kelly Staking Plan.
It involves a mathematical formula which for a lot of punters can appear a little
daunting to use, so we have put together an approach that uses the principles
of the Kelly .....
Wed, 26 February 2014 05:13 PM
We've been interviewing some of our most successful tipsters over their time
on the GTO and have compiled some great betting insights to
assist punter's efforts to improve their profitability. Today we're taking a
look at staking. .....
