A betting plan is simply a way to control how much money you bet each time you place a bet.

So why do you need one? There are a few reasons, but the main goal is to ensure that the chances of you losing all the money you have set aside for gambling (this is called your bank) are kept to an absolute minimum. The other reason is to try to maximize your profits.

If you use a betting plan and stick to it, you will keep your bets disciplined. There is always the temptation, if you are on a losing streak, to double or triple your next bet to try to win back your losses and this can be a very quick way to lose everything you have in your betting bank. If you want to be a successful bettor, you have to have the right selections and you have to have the money side of your bets figured out. You will need to know how much to bet on your next selection and that is where the betting plan comes into play.

There are many different staking plans, from the simplest to the most complex. Level Betting Plan. In this betting plan, you divide your bankroll (the amount of money you have to bet) into a number of bets and that is the amount of money you will bet on each race. For example: If you start with a bank of £1000 and decide you want to cover 200 selections, you would split 200 into £1,000, giving you a bet of £5, which is how much you would bet on each selection, regardless of the odds.

Initially, you should have enough in your betting bank to cover a large number of bets to deal with any long losing streaks you may have, so we recommend setting your bank to cover between 150 and 200 bets when starting out. Don’t let the low stakes discourage you. The betting plan is designed to prevent you from going bust and keep betting, if you are making the right selections your bank will soon start to grow. Patience is something that professional gamers have in abundance. They wait for the right pick or opportunity and don’t bet on every race, which is a flaw many newcomers have; in fact, they may only make one or two bets a week at most.

Another type of betting plan suitable for anyone new to betting is the percentage point plane. The concept is quite simple and easy to follow, and involves readjusting your bet after knowing the outcome of each bet you have placed.

Using a 200 point bet plan with a £1,000 bank as an example, if you lose your first bet you now have £995, this figure will now be divided by 200 to give you your next bet £4.97. If your next selection wins on September 1, your bankroll will increase from £990.03 to £1,039.73, meaning your next bet will be £5.07.

As you can see, it’s a little tricky with the numbers when calculating your bet, but it protects the bank even more than the Level Betting Plan. However, if you have a long losing streak, your actual bets will become smaller and smaller, which means it will take longer for you to win back your losses.

If you’re new to betting, it’s worth using these two plans for the first six months while you focus on understanding how to read the form correctly, etc., giving you time to focus on making the right selections without the worry of losing everything. the money in your bank.

You can then move on to looking at more complex participation plans that can give you higher returns.

We recommend using a betting plan, especially when you’re new to betting, as it means you protect your starting bank and at least have money to bet with when you pick that 33/1 roll, instead of wishing you hadn’t. he spent all his money on the shot odds that was delivered.