Stake Betting System
How much you bet is as important as what you bet on, professional punters will tell you this because having a plan helps you in so many ways and it keeps you disciplined as a bettor. Your bankroll should be properly managed and having a good staking pattern will go a long way in helping you achieve your aim of making betting a real source of income. Any punter without a proper plan stands the risk of losing a fortune to bookies while trying to money and that is why a plan should be put in place to check and monitor bets and the money that goes out when bets are placed or come in when bets are won.
This helps to put things into perspective in respect of the plan being used and whether or not change is needed to make things better. Any successful business enterprise changes strategies when things are not going well but they also need a strategy, to begin with, and that's why we will be looking into different betting styles used and how effective they are:
Bet everything, every time
This basically means betting your entire bankroll on a bet for high risk, high reward style of betting. This guarantees you make a lot of money when you win bets but leaves you penniless faster when you lose even a single bet. This is both a very effective and highly dangerous style of betting and should be avoided at all cost because of the fact that there'll be dry spells when bets will lose and during those periods a punter will lose fortunes with this betting method with no backup funds to help recover what is lost.
Proportional betting
This is where you bet a fraction of your bankroll in proportion to the value of the bet. In this betting strategy, your bet will be your betting odds value divided by the odds. This means winnings increase quicker than in the fixed-wager system, and losses slow down.
Fixed stake
This is very effective as it requires a lot of discipline on the part of the bettor because you have to stick to a particular stake whenever you bet. This helps to grow your income steadily over a period of time and manages your bankroll well. The downside is the reward is fixed at all times and relatively small but is a very smart approach.
Martingale
With martingale betting system you bet double the stake of any failed bet slips to recover losses. In this staking pattern, you chose your initial stake yourself and double the amount of any failed bet to recover losses. It is dangerous in the sense that if you lose ten straight bet slip while increasing your stake to recover you run the risk of running into debts. But with a calculated approach, it can be effective. It is also not to be used alone as bettor should realise that it is not wise to chase losses.
Fibonacci
In this staking method, you place bets using the Fibonacci sequence to choose your stake. Every time you lose, you use a higher number in the sequence to help recover your losses in your next bet. Unlike the martingale strategy, this will not increase your stake as quickly and you still get a profit whenever you win after a losing streak. But it is also aimed at making sure you make a steady profit each time you bet while not allowing you to lose.
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