Staking Plans For Betting On Horse Racing
Staking Plans Are More Powerful When Compounding
Staking Plans as well as strict money management of your betting bank & good ROI return on investment are the three most important factors to consider when you are betting & are often overlooked.
Bad money management usually enables the bookmakers to win consistently.
Many Betting Professionals consider compounding a valuable asset to incorporate in their Staking Plans.
The power of compounding was said to be deemed the eighth wonder of the world – by Albert Einstein.
One of the best Staking Plans that i use involves using 3% of my betting bank for each bet (non decreasing).
By non decreasing i mean that when i am winning and my bank has increased then 3% of my bank is a larger amount of money that i am betting with next time.
If i hit a losing run i do not decrease my stake as when the winners come it would take me longer to increase the size of my bank if i were staking a lower amount.
I calculate my betting bank once a week and if it has increased then i work out what my new 3% stake will be for the following week, i do this on the same day at the same time every week.
This is a form of compounding which seems slow when you first start out but increases rapidly as you win and your betting bank grows.
Definition Of ‘Compounding’
The ability of an asset to generate earnings, which are then reinvested in order to generate their own earnings. In other words, compounding refers to generating earnings from previous earnings.
Also known as “compound interest”.