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Are you a fun punter or a serious horse racing enthusiast who is trying to make some money out of his or her interest in the sport? The question is asked because if you want to be serious and make money you will have to adopt some form of staking plan if you want to be successful. If it is so important what exactly is a staking plan? It is the system that you use to determine the amount of money you will invest in your selections. Ideally you should set aside an amount of money that you can afford to lose as your betting bank. It is the size of this bank that should determine the amount that you pjut on each of your selections. The simplest staking strategy is level bets. This means that you put the same amount of money on each of your selections and this will be a percentage of your betting bank. For instance is you had £1000 as your bank and you put £10 on each runner you backed that would represent 1% of your bank. A variation on the level stakes is to use the percentage of the bank as a guide so If you worked on using 1% of your bank as your stake if the bank rose to £1100 you would put £11 on each selection and if it dropped to £900 your stake would drop to £9 a bet. Another popular staking method is The Fibonacci method. This is based on an increasing stake. The sequence is: 1-2-3-5-8-13-21-34 This is arrived at by adding the two previous numbers together to get the next number. How it works is that each time you get a loser you increase the stake to the next level and continue to do this until you get a winner. It is also a popular system with some punters who make lay bets on the Betting Exchanges. Another system which is not recommended is known as the Martingale and this simply involves doubling your stake each time you get a loser. This is possibly the quickest way to lose a betting bank known to man. The following should show you the problem of this method. 1-2-4-8-16-32-64-128 -256 -512 It would only take a series of 9 losing bets to take you stake from £10 up to £5120. Even after just 5 losing bet you would be up to a stake of £320 which for most people would be a little frightening. There is an old adage that if a horse racing system cannot work using level stakes then it is not worth using. Although there have been some good racing system using alternative staking methods unless you are a very experienced punter level stakes or a stake based on a percentage of your bank are the safest methods of controlling your betting bank.
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