Choosing the Right Staking Plan

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.

Image: Ninell (Shutterstock)

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.

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Last Update: 19 October 2012

Categories:Learning Centre Money Management

14 Responses to “Choosing the Right Staking Plan”

1. PistolC
19 October 2012 at 11:26 pm #

Already looking forward to the upcoming Expected Losing Sequence article….

2. Aussiebettor
24 October 2012 at 4:23 am #

Hi,

I am interested to know if you adjust your per bet % of capital constantly or periodically (or at all). For example, if your expected losing sequence allows for a fixed win/risk stake of %10 of your capital, and hence you stake \$10 on a \$100 bank, do you adjust this to \$11 if you get to \$110 and then each bet after? Or do you wait to you hit a certain threshold, say \$150 bank and raise to \$15 stake?

• Soccerwidow
24 October 2012 at 1:01 pm #

Yes, we adjust (ratchet). I’m actually right now in the process of writing an article on this topic.

%10 of your capital is huge! This would require a consistent 90% hit rate (strike rate/ probability of winning).

However, many people play at odds around 1.8 to 2.5. This means if consequently choosing value bets you are looking at probabilities somewhere between 45% & 60% which means that the maximum risk should be no more than 2.5 to 4% of your betting bank, depending on the probability cluster the bet is in.

3. Aussiebettor
24 October 2012 at 8:44 pm #

Great I look forward to the next article. And yes, I was only using 10% as an example to make the numbers simple. My usual stake is 3-5% and then varies around that until it is rebalanced.

4. John K
31 October 2012 at 11:19 am #

I agree with you, by choosing right staking plan, you can save yourself from a big loss and there will be win-win. To me it’s also important to get betting tips from betting experts.

5. Ernest
5 November 2012 at 12:41 pm #

You could also try using your calculated winning percentage as a base (instead of fixed profit). According to my back testing, this method allows the bank to be more stable than fixed profit. Provided your calculated percentage is correct / have value.

6. soccer prediction
17 April 2013 at 11:34 am #

Nice work!
Have to say though, that systems are very difficult to get right, because you basically need the one thing gamblers don’t normally possess-control.

This is how you become a pro gambler, by having some control.

I work in Soccer Predictions and I’ve been successful for some time but not without it’s ups and downs.

7. Sergiu
25 April 2013 at 12:55 pm #

Hello soccerwidow.recently i bought your value calculation sistem for league matches and im kinda satisfied by it , but i dont have a stacking so i keep loosing because i dont know how many units should i invest in every bet.what stacking plan do you use?i seen some of your screenshots with bets , but i see that you are not using the level stacking plan.so can you please tell me the secret of your stacking plan?Please help me !

• Soccerwidow
25 April 2013 at 5:13 pm #

Hi Sergiu,

there is no secret. It’s either simply level staking or fixed win/risk. It is not the staking plan which makes a selection system successful, it’s the selections.

8. Dennis
10 October 2013 at 2:28 am #

Hi there.

I really appreciate your website, and i’ve found a lot of useful information so far. Though, i have a question about the fixed win strategy, and i would be happy if you could elaborate a bit.

I’ve seen other people on forums suggest it as well, but i can’t seem to figure out why you want to cap the risk when betting on odds under 2.

Obviously it’s though luck to lose a huge bet on a odds 1.3, but isn’t it decreasing the profit in the long run if you keep on capping it? Eventually those low odds are going to catch up.

Thanks!

9. Stefan
14 February 2017 at 7:36 pm #

Hello dear Soccerwidow.

I have one simple question regarding betting according to percentage of betting bank. For last one month I was betting on goal range 2-3 goals quite successfully and I managed to increase my betting bank for 410%. I bet 5% of my bank per game.

However, I have problem when many games are played at same time like in lower English leagues tonight or on Saturdays. Maybe I made mistake but tonight I put a bet on 18 games, each game I spent 5% of my bank so now only 10% of funds remained in my bank. I hope that I will hit at least 50% of games to be somewhere near zero or above. In previous situations I always had profit or small loses when betting on many games played at same time so I continued to risk.

My question is – is this too risky? Should my stakes when there are many games at same time be lower, eg. 2.5% or even 1%? Because if one day or night goes wrong I could lose everything I have earned in long time. What is your suggestion, how big stakes should I put when there are 15 or 20 games at same time without endangering betting bank too much?

Thanks in advance and best regards,
Stefan

• Soccerwidow
15 February 2017 at 3:47 pm #

Hi Stefan, the size of your stakes really depends on the hit rate you are expecting. Here are two articles which may help you:

What may also be of great help to you is my course: Fundamentals of Sports Betting A whole chapter of the course is dedicated to Risk Control. There you’ll learn important financial measurements such as Yield, ROI and profitability as well as how to calculate the necessary size of a starting bank and stake sizes.

Good luck!

10. Stefan
15 February 2017 at 11:02 pm #

Thank you very much. On Tuesday night I was lucky as I’ve hit 11 out of 18 games in lower English leagues which netted me decent profit but I know not every night will be like that. I think I will limit myself to 2.5% of bank when games are being played at same time and continue with 5% when games are being played one after another. I’m confident in that 5% as long as games are not played at same time because I only bet on teams which had above 60% hit rate on “2-3 goals” market and that earned me more than decent profit in last month. My hit rate so far was some 55% over 400 games so that is hit rate I am expecting.

I have read almost all articles on this site including those you proposed and your “winning losing streaks” spreadsheet suggests investing 11% of bankroll for expected hit-rate of 55% but that’s still too much for me, I think 5% is much safer. But its different when games are being played at same time because one anomalous set of games with very low hit-rate can make me almost bankrupt. I have to implement more cautious approach.