Bankroll management is one of the big topics in online sports betting. We believe that every single live bettor should spend at least some time exploring the different aspects of bankroll management. In this piece we’re going to look at staking plans, so stay with us for a while and learn what they are, and why they are essential.
Staking plans is how much money you’re prepared to risk on each real money slots bet per spin. Many online casino and sportsbook bettors ignore them and just place their bets on a whim. But, if you want to be systematic, you must do some research first. Then again, you don’t have to follow your chosen staking plan forever, but you must use the staking plan that suits you best.
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The first type of staking plan is flat betting. It’s easy to learn and to implement. Flat betting means is that you set a certain sum, let’s say you want to start with a $10. You then stake that amount on every single bet you make no matter what. In terms of advantages, flat betting plans are straightforward because you’re repeating the same bets. On top of that, you don’t have to worry about making adjustments. As a result, you can easily track your wins and losses before calling it quits. Just remember that flat betting plans aren’t particularly dynamic, and neither are they particularly engaging. Therefore, you might quickly lose interest in them.
Bankroll Percentage Betting
The second type of staking plan that we’d like to talk about is bankroll percentage betting plans. It’s a bit more advanced than flat betting plans and easy to learn. Because it’s slightly more “professional,” it’s not surprising that the majority of the professional bettors use it. Bankroll percentage betting works as follows. Once you deposit your bankroll, you must decide how much you want to bet on each stake, be it 0.5%, 1%, 2%, or 5%. You must be flexible and adjust your staking plan according to how much you’ve won or lost betting on poker.
As far as advantages are concerned, bankroll percentage betting is the safest option for you. If you make the necessary adjustments quickly. You’ll never lose your entire bankroll, and you can stay in the game longer. On top of that, it’s the staking plans that many semi-professional and professional online live bettors use. As such it receives our stamp of approval. As far as the disadvantages are concerned, bankroll percentage betting enables you to make adjustments. There’s not much data about it at this stage, and you always need to re-adjust your betting strategy.
The third and final type of staking plan that we need to discuss is based on specific sequences. These are the Martingale and Fibonacci plans. At this point in time, they are the most popular betting systems, albeit very risky.
The Martingale Betting System
Sequence plans force you to adjust your stakes based on how the previous bet finished. In other words, whether you won or lost the bet. The Martingale betting system is a prime example where you double your next stake if your bet loses. And if you win, you’ll return to your original bet. It works best for you if you’re betting on odds above 2.00. As the winning bet is going to lead to a profit instead of you just recouping your losses. So, if you place your first bet of $10 and you lose it, your next bet will be $20. If you lose, your next wager will be $40, and so on.
The Fibonacci Staking Plan
Meanwhile, Fibonacci plans are way more complicated. It relies on the well-known Fibonacci sequence of numbers that goes 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. While a losing bet should move you one number forward, the values would go $10, $10, $20, $30, $50 and so on. Some real money slots players are of the opinion that you should skip the second $10 bet entirely. A winning bet should move you two numbers back. It’s easy to calculate, but the growth of the stakes is might overwhelm you if you hit a losing streak. As far as the pros go, sequence plans have a clear psychological benefit because they’re backed by specific guidelines. We also caution you not to follow them blindly.
In terms of the cons, well, sequence plans don’t work as intended, as they are prone to bad runs. For example, even a few wrong bets will ruin you if you decide to go for the Martingale sequence. And trust us – a bad run is going to come to you sooner or later regardless of how good you are, that is how things work in sports betting, unfortunately.
Which Staking Plan Should You Choose?
Now that you know the main types of staking plans, we should turn to the question of which of them you should choose. Well, we think that the sequence staking plans are mainly just for fun. You can try them if you are a recreational sportsbook bettor that wants to have some fun. However, if you are a professional bettor, it’s best to play it safe and not use a betting system.
Things are much harder when it comes to the duel between flat betting and percentage betting. Although bankroll betting is a “professional choice”. You can quickly get the same mileage out of flat betting if you go for low bets. The advantage is that they’re easier to calculate and to implement. Therefore, you can choose either option if you are sensible and if your bets are a minimum. The most important advice is to evaluate them after a period, but we advise discretion. The biggest mistake gamblers make at our instant withdraw casinos is that they are not disciplined and they rush their bets.
We’ve outlined the essential types of staking plans, we’ve described their pros and cons, and which staking plans are the best for you. Hopefully, you’ve learned something new. We wish you good luck and be careful – although it’s appealing to bet aggressively, it’s always best to play it safe.