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Posts Tagged ‘Kelly Criterion’

Staking plans – How to calculate your stake

June 23rd, 2009 Comments off

Betting Staking Plans

There are many varying opinions on staking plans, but one thing all Staking Plans have in common is the notion of protecting your betting bank.

Your betting bank should be your starting point for your staking plan. The size of your betting bank should be based on the money you have set aside and can afford to lose if it all goes wrong. This should never be money that should be paying your bills or looking after your family. If you don’t have the spare money to start now then please take the time to paper trade different staking plans (put on imaginary bets which you log in a book or spread sheet) while you learn and perfect your betting skills.
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