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krider2010
Triple Crown Winner
Joined: 21 Feb 2005
Posts: 1887
Location: Berkshire
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 Posted: Wed Mar 23, 2005 1:31 pm Post subject: Staking Systems/Plans |
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I've been reading about different staking systems recently and wondered what some of the sharp minds on this forum thought about them? I've searched this forum and found a few posts in other discussions, but not one directly about the merits (or otherwise) and experiences of different plans. There are four that I've come across:
fixed staking
variable staking
percentage staking
progressive staking.
I have no strong views on any of these as I've not formed any yet  Generally I follow a fixed staking strategy. This is also not a post about how to win lots of money etc. A small steady turnover is what I'd like to continue doing. But on the tipster comp I'm negative due to larger bets on things that failed (specifically a couple of £500 when I shouldn't have and with my money didn't - scaled down of course, and all tracked in a spreadsheet  ) 1/2/4 point staking has reduced the deficit but I'd like to learn more from this if I can.
Sorry to not give much value to others here - I'm in the process of educating myself! |
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The Shark
At Stud
 Read My Blog!
Joined: 01 Feb 2004
Posts: 2921
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| Posted: Wed Mar 23, 2005 1:55 pm Post subject: Re: Staking Systems/Plans |
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| Sorry to not give much value to others here |
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Not at all Krider - the importance of staking is underated by far too many. If you want to make a long term profit then I beleive its just as important as knowing how to pick a winner.
I havent got any miracle answers - still working on that myself.
But I am against any staking plan whereby your past results will determine how much you have on your next bet - ie. percentage of betting bank. I prefer to set the betting bank and stakes/staking plan for a set period, then at the end of that period, review and reset for the next period.
Im currently using the take out staking plan - wherby the return is a fixed amount (or nearly - in my case I bet to win between 5 and 10% of my starting bank balance) |
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Dammo Qwirky
Stallion
Joined: 29 Oct 2004
Posts: 5882
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| Posted: Wed Mar 23, 2005 2:57 pm Post subject: |
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This month Ive been keeping a record of tips I would pass on to others, and assigning a strength rating between 1 and 10. Surprisingly I have managed to maintain a high strike rate of 75% and accumulated 318 points profit in March.
Its been a mixture of fairly sure things and good value stuff, without taking too many risks. Im quite intent on keeping my high strike rate at the moment. Ive never really used a staking plan as such, just bet more when im more confident. More than ever Im noticing research paying off this month.
I know it didnt answer the question - sorry! |
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aye66
Stallion
Joined: 15 Jul 2004
Posts: 6522
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| Posted: Wed Mar 23, 2005 5:53 pm Post subject: |
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each has its benefits and disadvantages... personally, i use all 4 of them in some way at anytime... You can easily write an article about them, and you would soon realise that each caters to a category of punters with a certain mindset/mentality towards gambling. It would be perfect if we could pigeon-hole every punter, but as you know, we can be an unpredictable lot!! lol!... i find that statement ironic and funny! lol!
All in all, I find it extremely theoretical to stick to just one staking plan as a formula for long-term success, but of course that's just an opinion as i have no mathematical/scientific proof to back me up. I think i'll state a much simpler opinion that your stake plan has to suit your "bet placing" strategy. If you do loads of arbitrage betting, hedging, spread betting, you'll realise that these systems are just priniciples that you should consider and adapt to suit your own means.
just me 2 cents!
aye66 |
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Slinger
Group 2 Class
Joined: 29 Sep 2004
Posts: 160
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| Posted: Sun Mar 27, 2005 11:26 am Post subject: |
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After years of staking experience, I settled on a progressive staking plan.
It can have the security of a fixed plan and the growth of a percentage plan.
For example, if you begin with 50 points to be really safe, you should be able to see a good growth in return.
Easiest way to calculate this is to divide your initial bank by 50 (or whatever you decide) and place your bets.
Whenever you place more bets, you divide your bank by the divisor (in this case 50) and if the result is LESS than your last stake, you use the same stake as your last bet, OTHERWISE you use the new calculated stake......
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krider2010
Triple Crown Winner
Joined: 21 Feb 2005
Posts: 1887
Location: Berkshire
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| Posted: Sun Apr 03, 2005 11:10 am Post subject: |
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Thanks for the replies guys - some food for thought here for me which is great.  |
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jkmccrann
Classic Winner
Joined: 04 Oct 2004
Posts: 708
Location: casa del richmond
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| Posted: Fri Apr 15, 2005 9:32 am Post subject: |
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Definitely an interesting discussion. Without a doubt there are merits to all plans, depending on how you bet, what you bet on, how often you bet, where you bet. So many things to consider, I think the best way is just to develop your own personal system and live and die by that. When it proves succesful, your personal pride will be enhanced!
lots of good points made above though. |
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aye66
Stallion
Joined: 15 Jul 2004
Posts: 6522
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| Posted: Sat Apr 16, 2005 2:47 pm Post subject: |
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| very interesting xcom... you got me wondering about my own stake plan... the problem is that it's difficult to put it into words... my brain just tells me out of habit now, and sometimes i forget how i came up with my own system. |
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Slinger
Group 2 Class
Joined: 29 Sep 2004
Posts: 160
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| Posted: Tue Apr 26, 2005 6:32 pm Post subject: |
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So thats basically a form of progressive betting then xcom...
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