Staking Plans

[SIG]

I was hoping to get some views on the approach you guys take towards money management and how you decide on your stake with your betting, more so if any of you have a staking system you use to determine your stake? It's my own personal view that the staking plan you have in place can make or break your betting success. If you can hit a decent strike from your selections and produce a decent profit at even stakes, then employing the right staking plan will increase your profits by quite some margin. To give an example, my system selections have been producing a decent strike rate (currently around 70% for 2011, mainly due to the poor Saturday performance of the selections) albeit at quite short odds (2011 average of 1/2 compared to the 2010 average of just under 3/1!). At even stakes, the system would have produced a 25% growth year to date which in only three weeks is decent enough. But by using the staking plan I developed, the system has produced a 41% growth to date which I am more than happy with. I hope to hit 50% by the end of the month and then continue this trend for the rest of the year which would result in a 1300% growth by year end which, when compared against even or fixed stakes, is a massive growth. I know my plan wouldn't be to everyone's taste as it includes an element of loss recovery but due to my high strike rate, this hasn't been a problem. What I'd like is to get an idea of how the rest of you guys manage this side of your betting and any views you may have on staking plans and even money management in general? SIG :dude

[Goldikova]

Re: Staking Plans My plan is to have no plan.