Staking Plans and Betting Banks – What is backing

Let’s say for example you decide on a betting bank of £500. Dividing that by 100 will mean one point is £5. So let’s say you carefully select three horses that you believe have a good chance of winning, you would place £5 on each one.

Example 1.
1st horse you back at 3/1 for £5, the horse loses = -£5
2nd horse you back at 2/1 for £5, the horse wins = +£10
3rd horse you back at 6/4 for £5, the horse wins = +£7.50
Your total stake outlay would be £15 for the 3 bets
Which as the above example shows you would have returned a profit of £12.50

Example 2.
1st horse you back at 5/4, for £5, the horse wins = +£6.23
2nd horse you back at 13/8, for £5, the horse loses =-£5
3rd horse you back at 4/1, for £5, the horse loses =-£5
Your total stake outlay would be £15 for the 3 bets
Which as the above example shows you would have made a loss of £8.77

Example 3.
1st horse you back at 11/8, for £5, the horse loses =-£5
2nd horse you back at 7/4, for £5, the horse loses =-£5
3rd horse you back at 9/2, for £5, the horse loses =-£5
Your total stake outlay would be £15 for the 3 bets
Which as the above example shows you would have made a loss of £15.00

Example 4.
1st horse you back at 11/8, for £5, the horse wins =+£6.88
2nd horse you back at 5/1, for £5, the horse wins =+£25
3rd horse you back at 9/2, for £5, the horse wins =+£22.50
Your total stake outlay would be £15 for the 3 bets

Which as the above example shows you would have returned a profit of £54.38

So over a period of four days betting using a good system your profit would be £43.11. Not bad at all, you would have almost doubled your money. As you can see from the above four examples using a good staking plan along with a disciplined attitude will keep any losses acceptable and manageable, and your betting bank will grow steadily over time.

This is only one example of a simple staking plan using £5 stakes, there are quite a few different variations, but the fundamental principles are the same. Use a betting bank divide it up by 100 or 50 points, stick to your staking plan and you will profit long-term from racing – as long as you have chosen the right selections of course.