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## Betting Strategies – A-Z to Make Punting Pay – Level Staking?

Betting strategies can be as complicated or indeed as successful as you want them to be. If you don’t learn from day one how to manage your finances and place the right level of investment, you’re in trouble from day one!

There is nothing more frustrating than a long lost run. Many bettors find themselves sidetracked by this psychologically damaging state as profits plummet and losses explode. It is a very common practice that most amateur bettors are so shocked by this very scenario that they lose their minds and control trying to stay afloat, often chasing losses.

There are those who bet, and there are those who invest. A big difference in mentality. I’m not saying professional bettors don’t get satisfaction from seeing their ten to one shot win, of course they do! However, it’s very likely that they didn’t put in more than they could afford to lose, hoping that they’d save the bacon and win!

One of the most crucial betting strategies known to man is……?

A betting plan

What we mean by betting plan, simply. It’s an organized method that creates an automatic, emotionless decision about how much money to put on the next horse. It is known among those experienced in this sport that emotions do not serve you well when betting on horse racing. The more we can get them out of the system the better.

You’ll come across a very basic staking plan time and time again, so now it’s time to explain the Level Stakes plan.

This system is solid and a good place for new bettors to start. It is exactly as described. Tiering. So you would calculate how much your initial investment bank is. Through a formula decided either by yourself or by a professional advisor. Divide your total gross bank by a certain amount. Some split the bank by percent, others by twenty, and anything in between. It’s a personal choice.

You can easily see that by using only one percent of your betting funds, your potential winnings and losses would be less dramatic than when you use, say, five percent of your funds. If you don’t see it, you should probably stop betting, or in fact be sure to know why.

The percentage you choose is actually more important than just choosing how you will bet. Every human being has their own comfort zone, and it will be different for everyone. My personal betting plans have seen me use up to ten percent of a pot, but this is very high risk and not recommended for beginners. You can work on this strategy later in your betting career if needed.

Let’s imagine we choose to use a five percent plan. We have £1000 as our starting bank, the maths to calculate our consistent ‘point’ value would be:

1000/100 x 5 = 5% (1/20) = £50

We can see from this very simple formula, that we are now set to make £50 for every bet we place. You can see that we have the ability to back up twenty losers in a row before clearing the entire betting bank. Therefore, we need to consider the confidence we have regarding our system or selections.

Personally, I would recommend those new to betting to start with a unit value as low as 1%. This way you get used to betting, using this betting strategy and now you can have up to a hundred losers before your bank is gone!

Later in this series of works we will discuss more complex betting plans, as used by professional bettors.

This method will be used by like-minded bettors around the world who take their bets seriously. For those who have scratched their old way of placing any old amount depending on how they feel or which jockey is booked. This simpler betting strategy has helped many take their betting to another level.

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