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how do you stake?

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  • 31-12-2014 7:37pm
    #1
    Letyourselfgo
    Closed Accounts Posts: 768 ✭✭✭


    I've managed to build a bit of a bank over the last few days but I feel I've been lucky.
    My bank has had highs and lows.
    I want to try and stabilise it a bit better. So which is the best approach for staking in horse racing?
    What have you found that works?
    Thanks


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    #2
    BumperD
    Registered Users Posts: 5,681 ✭✭✭BumperD


    I do level stakes most times. By that I mean if my normal bet is 10, I will stick to that, if ew, will do 5ew. If I get on a good run, I might increase the stakes moderately and pull back if I start losing. The general advice is to stick to level stakes plans and not increase/decrease the stake.

    I restrict my bets to 1 or two max and only on w/e when I have time to do research, as it's unlikely you will see 6 worthwhile bets in a day. I shudder sometimes when I read people betting every race and saying " I've had 30 losing bets today". Sure way to lose. I prefer to just have one decent bet on one horse I really fancy rather than carving up my stake into 30 smaller bets where there is zero chance I could have had the time to properly research/assess.


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    #3
    2Mad2BeMad
    Registered Users Posts: 2,790 ✭✭✭2Mad2BeMad


    starting bank
    100e
    got it up to over 400e at the moment, goal is 1000e

    basically you need to limit yourself.
    Don't do 10 bets a day, do 1 (or 2) max on a horse you really fancy.

    max stake a day would be like the previous poster, 10e
    can't go over. If it loses, no harm done, try again the next day with another horse you fancy.

    Study a horse in a race in which you fancy.

    It won't make you a millionaire, but when you reach a goal (if you have one) you will have a nice amount of money to cash out on.

    I find when ever I reach my goal theirs always something the money I win with can be spent on.

    Like I said its a slow process, but it works out better in the long run unless you enjoy losing money, or if you're in the know with every yard.

    Good luck!


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    #4
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    2Mad2BeMad wrote: »
    basically you need to limit yourself.
    Don't do 10 bets a day, do 1 (or 2) max on a horse you really fancy.

    max stake a day would be like the previous poster, 10e
    can't go over. If it loses, no harm done, try again the next day with another horse you fancy.

    I wouldn't agree entirely with that.
    I'll sometimes have one day with 3 or 4 I want to bet on, and then might not have another for a week or more.
    I'd be more a case of work out how much I can afford to lose over a month (always assume each bet is a loser til it wins), work out on average how many bets I do on average per month, and stake accordingly.


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    #5
    Daliapour
    Registered Users Posts: 69 ✭✭Daliapour


    Patience is key, dont go for the scattergun approach and dont have a bet for the sake of having a bet, if you dont fancy something strongly enough, dont back it. narrow down your sports your most knowlegable about and stick to those

    As for staking ..... 5% of your bank per bet, price doesnt influence stake! so €100 bank its €5 stake... €1000 its €50 and so on and so on. that way your bank will be able to take a long losing run because believe me you'll back more losers than you will winners!

    Lastly record your bets! even the mickey mouse ones!

    HTH


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