We’d previously posted on our staking policy and unfortunately this was a total loss when our blog was deleted. We’re therefore posting again. It’s not a word for word copy of the original but makes the same points in the same way.
We’d like to open by saying that we believe a well researched staking policy to be essential to long term soccer betting profits. Yes, you have to make the right selections and choose the correct bet but without a staking policy that enables you to leverage up your winnings but protect you from a losing run you’ll get nowhere the overall level of profits that you should.
We’ve mentioned previously that until March 2009 we were very random with our betting. It’s only when we first realised that we were making consistent profits that we decided to keep a record of our bets. Since March that record has appeared on our website. Rather than include the detail in this posting we’re providing a link so you have the access to the most up to date information. We update the web page usually on a weekly basis and at least monthly so the data is as current as we can keep it. Here is the link:
Best Bet Soccer History Of Bets
So that you can verify the bets if you wish we also publish a page of screenshots of our bets that you can check out:
Best Bet Soccer Screenshots
So – on to staking.
To some extent it was guesswork but we felt from our past somewhat random use of our system that our selections (usually three selections bet on in a trixie bet) were all winners at least one week in three. We were also of the view that at least one week in three produced two winners and a partial return of our stake. Statistics for 18 weeks to 3 July 2009 show five winning weeks, nine weeks with two winners and only four weeks with no return at all. On reviewing our selections there are probably two partial returns that should have been winning weeks and two total losses that should at least have been partial returns. We were pushing too hard in those weeks and stepping outside our proven selection criteria!
What this shows is that our original guesswork wasn’t too far adrift.
At the outset we decided that we would have a “betting bank” to cover three weeks staking. It doesn’t matter which way you decide on this. You can either determine the amount of your stake and then put funds into your “betting bank” to cover it three times or you can decide how much you wish to or can afford to put into the “betting bank” and then stake one third of that amount. You don’t actually have to deposit the funds but you should set them aside or be prepared to add additional funds up to the amount of the “betting bank” you decide upon. We set funds aside in a pot to be available if required.
We decided on a bank of £300 and initial stake of £100. This was more because it’s a nice amount for illustration purposes and we were setting out to “prove” our system than for any other reason.
We then introduced £100 from our “betting bank” to a bookmaker account to make our first bet. We were lucky that it was a winner but we deliberately selected cast iron picks at short prices so that that was the case. We’ll touch further upon the selections we make in our closing email but mention here that we are firmly of the view that short odds winners have it over longer priced losers every time!
For the next couple of weeks we were successful with only two of our three selections and therefore achieved only partial return against our stake money. However, what you can see from our betting history is that our running balance remains well on the positive side. Remember, this balance is our net winnings. We originally introduced £100 from our “betting bank” so we also had that in hand and at no time up to 3 July 2009, the most recent bet prior to the initial publication of this email, had we to introduce additional funds so we still had £200 of our original £300 held in our “betting bank”.
There is an upward trend to our cumulative winnings.
The question we have asked ourselves is when to increase our stake?
We have set ourselves the criteria that we should triple our bank before we increase our stake – and then we double our stake rather than tripling it.
The table below shows that at 12 May our cumulative winnings of £753.90 plus our bank of £300.00 total £1,053.90 – exceeding the £900.00 triple of our starting bank. We could therefore increase our stake to £200.00. But we have a loser and this takes our total bank plus winnings back below £900.00. You can see from the table (click here for table: staking plan example) that we run down to a cumulative loss situation at 26 June but we still have our original £100.00 deposit and £200.00 remaining in our “betting bank” so we were OK for funds to continue to stake from.
What we should do the following week, because our combined cumulative profits of £553.90 and bank of £300.00 had fallen back below the £900.00 triple of our initial “betting bank”, is reduce our stake to £100.00 again. The following table (click here for table: staking plan example 2) shows that the losses then don’t dip anywhere near so low and we could sustain a much longer run from the residual profits and our bank.
Our strategy therefore is very much one of triple the bank, double the stake and if we should be so unfortunate as to fall below these criteria to reduce our stake again. based on our initial bank of £300 we’re therefore looking at the following staking plan(click for table: staking plan example 3).
You can calculate you own plan based on your initial bank or staking.
We consider a staking policy to be imperative to maintaining solidly based betting profits. This works for our system and if you follow us it should for you too.
We’ve published a slideshow presentation in association with this important part of our soccer betting course:
Staking Plan Slideshow
If you wish to do so you can register on our website to receive our selections each week:
Best Bet Soccer Registration
As always, wishing you the very best of luck.
Alex Napier
alex@bestbetsoccer.com
The week seems to have flown past.