How to Set up Staking Plans for your Football Picks

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You picked or designed your own systems, tested them now you need work out your stakes for your football picks. This comes down to how much you're going to put on each bet not just initially but also as you and system matures. So having an excellent staking plan is crucial to maximising your profits from each football pick. Here the 5 most common plans

1.Level Stakes
Level stakes simply put is betting the same amount on every single football pick you decide to bet on. Level stakes doesn't take into consideration odds, profit or loss made from previous bets. It is tied to a static amount but if this is your plan of choice we recommend that you do the original fixed as a percentage of your betting bank. For example 5% of your original betting bank. This plan is the easiest to follow and very simple to use with your football picks although it does limit you.

2.Percentage
Percentage plans set your stakes for each bet as a percentage of your betting bank. Unlike the Level stakes it will always increase or decrease depending how well your football picks are performing. This plan takes a lot before your betting bank goes but as it decreases so does your returns from your winnings. Percentage example initial bank £500, 5% percent is your bet amount is £25 per football pick bet. You win and your bank goes to £600 so your stake goes up to £30 and so one. Say you lose and your banks goes down to £400 your stake would then become £20.

3.Fixed Profit
With a Fixed profit you engineer your bets to how much you are wanting as a return. To use the fixed profit system you take into account the odds say 4/1 to keep it easy and you want a return of £20 then you calculate your stake for your football picks on this. You would need to put on £5 to return £20 pounds. Notice in the return it has left out the initial stake this is because you're not winning that you're just getting it back.

4.Fixed Percentage
Fixed percentage plans are Fixed profit and percentage combined. Each stake is based upon the percentage of your on going betting bank that you want to win. So, your bank is £600 and the target of winnings is 5% then your aiming to win £30 per pick. If the odds are 5/1 then you would need to put on £6 to return £30.

5.Martingale
This is a system where you bet and increase your bets until you win and has many forms. The basic type is when you set the stake not only to win but to recover previous loses. Say your stake is £2 you lose this so next bet would be £2 + £2 to recover. You lose again so you bet £2 plus plus the £4 you lost last time and your initially loss of £2. In theory this system should eventually win but as you can see your stake has gone from £2 to £8 in 3 bets and if you keep on a losing streak your stakes could go up £16, £32, £64 becoming very expensive. That illustration is crude and you could work out the bets on the odds so the stake isn't as big but will still be large when you hit a losing streak. This is not a recommended way because you could be chasing a loss which is a bad habit. The stakes become massive quickly on a losing streak burning through your betting bank and also you could find that the bookmakers won't take your bet.

When picking your betting stake depending upon how serious always go for the simplest and as you get more experienced move to others and you may even develop your own. Bettings systems are equally as important as how you get your football picks so take your time when deciding and test them before using real money.

 

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