Many people who want to make money from betting on horse racing, may already be capable of it with out knowing, others may just need a little fine tuning to make it possible.
As many of you already know, I generally supply between a 25-65% strike-rate on most of my horse racing systems and method bets.
First of all I would like to stress the need for a betting bank and a staking plan.
If you place level stakes on your horses from the day you get paid, to the day your money runs out without a betting bank, and a proper staking plan in place, then you are probably increasing the bookies holiday fund!!
Having a betting bank and staking system does one of a number of things;
It ensures you always have money to bet with, so you don’t miss out on that 33/1 winner because your broke, when the day before you had £20 on a 1/3 loser!!
It ensures you make the most of higher priced winners, but do not have a fortune on them, as they win less often, hence the higher odds.
You always know how much the total loss is over a long-term if everything goes pear-shaped.
It help you realise were you are going wrong with your selections, if the bank decreases over the long-term.
If it is profitable, your stakes increase with the betting bank, and eventually allows you to deduct an income off it, when the betting bank is large enough. Remember, a withdrawal from your betting bank, is equivalent to a few losers, so you must ensure you only take out what you know you will recover.
Now for the point of when to increase or decrease stakes.
Two option are available for this:
ONE
If your initial betting bank of £100 reaches £200+ then, and only then do you increase stakes by the amount you set at the start, probably 3%. After that, repeat the same rule as above, every time your betting bank DOUBLES.
The opposite applies when you betting bank halves in value, this ensures a losing run is handled, and you should never lose your initial bank.
TWO
You increase by 3% (or less) after each bet. Sometimes due to work, this may not be possible so adjusting at the end of each day is fine, just say consistent.
These two way of managing a staking plan ensure you are never betting out of your limits, and also helps you to get used to using bigger stakes.
You continue with the above until the day you pass on to the Nether World!! You obviously have to put a cap on what your MAXIMUM BETTING will be if you are ever lucky enough to reach it, otherwise stakes will get out of hand.
Also when you put a cap on the betting bank, anything over that at the end of each month is yours to spend freely.
WITHDRAWALS – BETTING INCOME
You should not really withdraw from you betting bank until you have at least a few grand, and never take more than the equivalent of 20% per year, preferably less. Remember, the less you take out at the beginning, the quicker your bank will grow, the sooner you can make a reasonable withdrawal.
With this kind of staking plan their are few worries during a losing run. You should always have the money to bet with.
If you ever get the urge for a fun/multiple/stupid bet!!! Pay for it out of your own pocket, not the betting bank, and put a minimum stake on it. Try not to do this though, although even I do it occasionally, I’m human, not perfect!! I would advise that if you must do fun bets, then run a seperate betting bank for them, this will help educate you.
I wish you luck, and hope this site helps you on your way to greater returns than you have had in the past. Please post any questions on the Forum. That way we can all help each other.
You’ll find much more information including staking plans, system, etc, by joining the Win2Win Membership.
Betting bank | Staking plan | Horse racing systems | Forum