Staking Plan Explained

Many professional punters like to have a set betting bank (size varies depending on wealth) from which they place all their bets. This allows them to easily keep track of profit and loss because all winnings and losses are coming from the same bank. It also allows them to stake set proportions of their bank on bets which reflect their confidence in the selection's chances. Profit from the bank is periodically withdrawn or withdrawn when it reaches a certain amount to be used for non-betting purposes.

My staking plan consists of having this set bankroll and betting a percentage of it on each bet depending on the odds and probability (in my opinion) of it landing. I rate each bet I choose by a star system from 1 star to 3. 1 star is equal to 1% of my bankroll and then 2 star is 2% and finally 3 stars equal 3-5% of my balance. So for example, if I had a betting balance of £1000 and I wished to place a bet on a selection which I deem to be a 1 star bet I would wager £10. If it was 2 star then it would be £20 and then 3 star would be between £30 and £50. This is a great way to build a balance slowly but surely without lumping your entire balance, losing and then having to chase your losses.