Level Staking Plan
The Level Staking Plan, is also commonly referred to as flat betting. Level Staking involves betting a fixed amount on each bet, regardless of previous outcomes or changes to the overall betting bank. Level Staking is the benchmark for all selection systems. If a selection system does not make a profit at level stakes, it does not have an egde. Long term, irrespective of whatever staking plan you choose, you will not make a profit without an edge.
Determining Stake Size:
Stake size can be established using a ‘points’ system. Sometimes also referred to as ‘units’. For instance, with a starting bank of £200 divided into 200 points, each point equates to £1. Consequently, wagers can be set at 1 point (£1), 2 points (£2), or more, depending on the bettor’s strategy.
Advantages of the Level Staking Plan:
- Simplicity: The plan’s straightforward nature facilitates easy implementation and tracking.
- Risk Management: By maintaining consistent stakes, bettors can effectively manage risk and prevent significant losses during unfavorable periods.
- Performance Assessment: Utilising level stakes provides a clear metric for assessing a selection system’s profitability without the influence of variable stake sizes.
Considerations:
It’s crucial to recognise that while the Level Staking Plan offers stability, its success is contingent upon the selection system’s inherent profitability. If a system fails to generate profits with level stakes, it likely lacks a competitive edge, and reliance on alternative staking methods may not rectify this deficiency.
Implementation in The Staking Machine (TSM):
TSM provides customizable settings to tailor the Level Staking Plan to individual preferences:
- Start Bank: Defines the initial betting capital.
- Percent % to Bet: Specifies the percentage of the starting bank allocated per bet. For example, 1% of a £100 bank results in £1 stakes.
- Re-Calculate Every: Allows for periodic adjustment of stakes based on the current bank total after a predetermined number of bets, enabling stake increases during profitable streaks and reductions during downturns.
- Use Ratchet Mode: Ensures that stakes only increase as the cumulative total grows, preventing stake decreases during losing periods.