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5 years ago - 5 minute read

Staking Made Simple

Managing your betting bankroll is important. After all, no bankroll, no more betting. If you don’t know what a bankroll is then go here to read up on it.

We’d recommend putting no more than 2-4% of your bankroll on any one bet, but you don’t want to bet the max all the time.

It’s important to remember that bad runs are inevitable. Whatever you do, don’t chase losses – your staking plan is there to protect you from downswings. Be disciplined, stick to your plan and you’ll come out the other end with your bankroll intact.

Instead, break your max bet up into ten points, with one being the minimum bet you’ll make and ten being the maximum. If you’ve deposited €500 and you opt for a 4% maximum, the most you should put on any one bet is €20 (ten points). A minimum bet of one point would be €2 and a mid-range bet might be five points or €10.

How many points do I bet?

How do you decide what points to assign to a bet? You should base this on two things – the confidence you have in the bet and the value you assign to the price on offer.

When to be cautious

If you’re betting on a selection that you think is very likely to win you should generally increase the size of your bet, but you also need to take into account the impact of the odds. For example, you fancy Novak Djokovic to retain the 2016 Aussie Open where he’s available at a price of 1.73, but when the market opened he was available at 2.2.

At this price you would have made a maximum 10-point bet of €20, making you a profit of €24 if he went on to win. At the shorter odds you have missed some of the value and you may want to consider making a smaller bet as the risk reward ratio is less in your favour.

When to take risks

At the other end of the scale, if you’re betting on a long shot you might be tempted to always reduce the size of your bet. You think a talented youngster has a chance of overturning the odds at the Aussie Open. He’s available to back at 46.0 which means the market gives him just over a 2% chance of lifting the title.

With the potential reward already high you would normally bet 1-2 points here. However, you think he has a much better chance than the 2% the market has given him. For that reason you decide to increase the size of your bet to four points or €4.

Breaking bad

If you keep your discipline and bet when there’s value, your bankroll will grow. That gives you the opportunity to increase the size of your bets and win even more. You can constantly adjust your stakes for wins/losses but to keep it simple we’d recommend waiting for a 20% shift either way. So, when your bankroll hits €1,200 and your max bet is 2%, your new max bet becomes €24 (€2.40 per point). If your bankroll goes down to €800, your new max bet becomes €16 (€1.60 per point).

It’s important to remember that bad runs are inevitable. Whatever you do, don’t chase losses – your staking plan is there to protect you from downswings. Be disciplined, stick to your plan and you’ll come out the other end with your bankroll intact.

The secret to a successful staking plan:

  1. Work out your maximum bet (2-4% of your total bankroll)
  2. Work out your per point bet as 10% of your max bet
  3. Assign points (1-10) to a bet depending on probability and value
  4. Adjust your maximum bet when your bankroll increases or decreases by 20%