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Staking Plans
There are many staking plans, some more risky than others and we would suggest you research one that is right for you.
Having a stake plan eleminates the financial emotion from your gambling which in turn will lead to your success.
Below is a recommended plan which is quite a low risk system.
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The 5% System
With the 5% system you will never lose your starting bank, and if you have a good strike rate you will be increasing your stakes as your bank grows.
How it works
Starting with a bank of £1000, you will stake 5% of your bank ie £50 on your first selection. Say the selection wins at evens, you will then add that to your bank. Now you will have a bank of £1050 so your next bet will be 5% of that, ie. £52.50. If that one loses, then you bank will be back to £997.50 and so on.
Using this plan will protect you against any losing runs as you will always be staking in direct proportion to your bank.
When using this plan, I will generally set a ceiling level for my bank, lets say £5000 this will stop the stakes getting out of hand, as 5% of this would be £250. I will then take out £2000 and bank it, then start again at £3000 giving me a £2000 profit. This way you are playing with the bookmakers money and not your own.
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