A staking plan is part of a betting strategy where you set limits for the amounts you are willing to bet on each event.
By creating and sticking to a staking plan, you’re taking a systematic and controlled approach to your betting. So, you are less likely to make rash decisions that may lead to losses. Because you are limiting your stakes and therefore your risk, you are more likely to be successful in the long run.
Stick to your staking limit: Many people set stake limits, and many more get caught up in the fun and drama at the race track or event and think “stuff it, I’ll go for it,” only to regret it later. The key to success is sticking to the limit you’ve set for yourself.
There are a number of staking plans you can use. You can follow simple rules such as:
These two approaches are great for beginners, as they are simple and straightforward. As you get more experienced, you may like to try a few other staking plans. Three common staking plans are: