If you have investigated staking plans to any degree then you will certainly have already heard of various different strategies such as Martingale, D’alembert, Fibonacci, Parlay, Kelly, Square Root, Labouchere, Retirement, etc.
You should not be dazzled by their mechanisms because none of these staking plans will work at all if your betting system has no mathematical ‘edge’. Indeed, with a blunt selection strategy the only mark even a highly sophisticated staking plan will make on your betting experience is how long it will be before your bank is lost.
In this article, I will not be analysing the myriad staking plans as there is plenty of information already on the Net. For example, just key in the words “staking plan”, or any of above names into the search engine of your choice. Our introductory article is also worth a read…
I have said many times before on this blog that there is no way to make money in the long run from betting without having an edge over the market. Therefore, honestly, if you have arrived on this blog and you are reading this article because you hope to find a staking plan to turn your luck, then please forget it. First of all you need to find a selection system that works for you and which contains that magical ‘edge’!
If you have found your betting system then there is no need for any complicated staking plan, simply plump for a level risk/stake. All other staking plans contain one or another problem and please rest assured that there is definitely not a single staking plan in existence which makes a failing betting system work.
It’s only your knowledge of the market which will determine your success, and this means a good understanding of probabilities and betting odds and the knowledge of how to use them to your advantage.
Level Stake/Risk Staking Plan
The benchmark for any betting system is the level risk staking plan.
This means risking a fixed unit per bet. A selection system that does not produce a profit to level risk simply does not have a positive edge, and is doomed to lose in the long run.
There are two varieties of this staking plan:
(1) The simple version: Level Stake
This means risking the same amount of money with each and every bet. This applies to back as well as to lay bets.
Back bets are pretty easy. You risk, for example, 10 units per bet and it doesn’t matter how low or high the odds are.
Lay bets require some calculation as you need to calculate the stake for each bet individually in order to risk the same amount every time (e.g. 10 units) to minimise losses.