The best horseracing betting systems and No.1 staking plans
How to stake your bets to suit both your pocket and your risk profile
One subject that constantly crops up in my postbag (or I guess you’d say “Inbox” these days!) is along the lines of…
“What is the best staking plan for horseracing bets”
Yes, you can apply the same question to football betting systems and golf staking strategies, and investments on any other sport you care to name…
But it tends to the No.1 horseracing betting system, or rather the most profitable staking plan, that appears most often in my weekly intake of questions and queries from members.
And it’s a topic that is well worth investigating.
Because it’s all very well having the right source of horseracing betting tips or inside information, but if you’re not staking this advice correctly, or in the best possible way to suit your wallet and (crucially) your own risk profile… then you could be shooting yourself in the foot.
In other words, not making as much profit as you could, or should, do.
And sometimes making none at all!!
This is something I had in mind when I was looking at some videos on YouTube the other day – which every now and again produces content of real interest and insight (as opposed to cat’s playing the piano or people falling over at wedding receptions).
This video taken from the At The Races satellite channel features two well-regarded horseracing pundits – James Willoughby and Hugh Taylor.
In my long career in this industry I’ve not dealt directly with either of them, but our paths have almost crossed a few times. But they certainly know their stuff, that’s for sure.
Anyway, give yourself a few minutes, when you can, to listen to what they have to say about the subject of profitable horseracing staking plans…
“Everything you are comes from your choices”
The words of Amazon founder, Jeff Bezos.
And to paraphrase him, in terms of betting… “everything you win comes from your staking choices”.
So when you come to decide how to stake your bets, there’s a wide variety of choice laid before you, whether you’re a semi-serious punter or full-time backer.
An array of horseracing staking plans, football profit models, and golf betting systems that are aimed to increase your returns. And let me clear, I’m talking here about methods that determine the amount of money that you put on each bet, not the actual selection of the bet itself – more about this another time.
But as I’ve written about in other articles and blogposts, extra reward almost always brings with it an unwanted friend, which is “extra risk”. These two come as a pair – sadly!
What you’ll need to remember, therefore, is when choosing a staking plan, you’ll find that risk and reward tend to be equal and opposite, in that…
(a) More risk = more potential reward
(b) Less risk = less potential gain
I’m afraid the option of “low risk” and “high reward” is an unbeatable betting system waiting to be invented!!
And whether as a punter you fall into the (a) or (b) category – and there’s no “right” category to be in by the way, other than the one which suits you best – you need to accept this fact.
The staking plan you end up using, will have advantages and disadvantage compared to another.
Some will win you more, others might return less.
But at the end of the day, the way you stake your bets needs to work for you… to suit your pocket… and, crucially, to fit your own mental approach to wagering, no matter of that’s cautious or cavalier, maverick or middle-of-the-road.
What is the best staking plan?
There’s just too much to write to go into detail about all the options here and now.
So in a series of upcoming blogposts I’m going to highlight and talk about a number of professional betting systems, 12 in fact.
Actually, some will prove more professional than others!
They will differ in various ways, and each will offer you, the punter, something different whenever they’re used.
Will one end up being considered the No.1 staking system? We’ll have to wait and see, but over the coming few blogposts I’m going to talk about this dozen betting strategies…
- Level Stakes Betting
- Percentage Plan
- Square Root Staking
- Retirement Plan
- Labouchere (Reverse)
- Kelly Criterion/Method
Yes, there are many more horseracing staking systems than this, but these are the ones that you’re most likely to come across on internet searches, or with other content providers.
And what I’ll do in future blogposts (which you’ll find in due course on the blog menu here on the website) is to outline these plans in practice, explain how they work, highlight their general strengths and weaknesses, and let you see for yourself which method of staking suits you best.
OPINION: Staking your bets, as I’ve said many times before, can be just as crucial as the bets themselves. You need to back your bets carefully, and with some strategy in mind, in order to maintain your betting bank (always your primary concern) and then to manage its gradual, or rapid, increase… not decline! Yes, it is inescapable that risk and reward go hand-in-hand, but this still doesn’t mean there isn’t a killer betting system or ultra-shrewd staking plan to suit your own personal circumstances.