Once you are confident of betting with level stakes you can think about using a staking plan to increase your profits. Staking plans can mean the difference between a small profit and a large profit. Do you find most Staking plans difficult to understand and hard to use? We have completed workouts for several staking plans that are easy to use. As you can see from the results shown, sticking to a staking plan can pay off for you in the long run. Although the staking article was written in 2001, the same results are being achieved today and to check up to date results for our Premium Services click here.
Betting Level Stakes
We all know how to do this one. Simply decide on a bet size that you can safely work with, then bet the same amount on every selection. This plan has the advantage of not requiring any working out, the bet size remains constant. All you have to do is keep track of your returns. You can see on the graph included here that, starting with a bank of $500 and betting $10 on each selection, your bank could have risen to $1848 over the last 15 months. That makes a profit of $1348 from just betting $10 on every selection. You could be happy with that, but what if you could have more profit from the same selections using a different staking plan? Who wouldn't be interested in that? We'll show you the results using the Two Percent Staking Plan, The Money Factory, Betting 10% For 10 Bets and Betting 5% For 20 Bets. All these plans have simple and easy to follow rules, but have the advantage of greater profits than when betting level stakes.
The Two Percent Staking Plan
One of the easiest staking plans you can use. This plan involves betting 2% of your bank. So if you started with a bank of $1000, your first bet would be for $20. You can use this staking plan by making adjustments after each selection or after each day. This depends on how much time you have available, either way works well. If we make the adjustment after each day, we need to look at our bank and work out 2% of that. If 2% of the new bank is greater than our previous bet size, then this is our new amount to bet. If 2% of the new bank is less than our previous bet size, then we continue with our previous bet amount. It is important to never lower your bet size.
We have worked with this staking plan using everything from 1% to 5% of our bank. Our results have shown that using 4% and 5% was not viable, these banks busted after making profits of $23000 and $57000 respectively. With 3% the bank reached rock bottom, so this option wasn't viable either. With 2% the maximum drawdown was 67% after the bank reached $3500. This is quite acceptable. As shown in the graph above, starting with a bank of $500 after the last 16 months we finished at $6545. That gives us a profit of $6045, which is significantly higher than when betting level stakes. The 1% version could be used for the more conservative bettor, this bank has a maximum drawdown of 43% after reaching $1400. The final result for this bank was $1864, that makes a profit of $1364. You will notice that this is a similar profit to what we achieved with level stakes. Over a longer time period the 1% Plan would obtain higher profits than when betting level stakes, but our starting bet was only $5. So we can see that we are easily able to make a good profit using the Two Percent Staking Plan. But still, there are other options. We recommend the Money Factory.
The Money Factory
This is slightly more complicated than the Two Percent Plan. You will see that the profits that can be achieved greatly outweigh the time required to operate this plan. For this plan, you start with a target of say $250, and a divisor of 5. This makes your first bet $50 ($250/5). If the bet loses, then your target is now $300, so your next bet is $60 ($300/5). If this bet wins and pays $2.20, then you take away your profit from your target and reduce your divisor by the TAB price minus one. That means your target is now $228, and your divisor is now 3.8. Your next bet will be $60 ($228/3.8). You can choose to stop once you make any profit at all or once you have reached target. If you have not reached your target after ten bets, then you add 5 to the divisor. This ensures that your bet sizes remain manageable. We have worked through the results stopping once your target drops to less than $100.
For the last 16 months, you could have made a profit of $35,675, bearing in mind you would need a bank of $10,000 to operate at this level. At one stage the target reached $7,653. One way to make this plan easier to use is to have several targets running at once. This way you don't have to watch the results through the day, you just need to check your results at the end of the day. Working with ten columns you will find that most days you can place your bets in the morning and not have to do anything until the next morning when you enter your results and work out your next bets. But there are other plans available to suit those who would like to invest less capital. You don't need to have a bank of $10,000 to still make a comfortable profit.
10% For Bets
This staking plan has some similarities to the Two Percent Plan. You start with a bank of $500, and you bet 10% of the bank for 10 bets. Regardless of the outcome, you start again on your eleventh bet with another $500 and $50 bets. This method makes this plan very easy to use. For the past 15 months results, we achieved profits of $6,649. This is shown in the graph below. With this plan you may lose a bank and need to have another in reserve. There are also variations to this plan that will help eliminate this from occurring.
One of those variations is betting 5% for 20 bets. The results for this were similar to betting 10% for 10 bets. Using 5% for 20 bets we achieved a profit of $3,318 for the past 15 months. The profit on turnover for 10% for 10 was 8.51%. The profit on turnover for 5% for 20 was 8.55%. So you can see that the two variations have similar results given their different outlays.
Here's an example of a 10% Bank for ten bets.