Bart Calendar spent 10 years as a journalist for Gannett covering murder trials and rock and roll.
Since then he has traveled the Earth gambled in the best casinos in the world.
There are many different types of staking strategies used by different sports bettors today, and there are some strategies that players prefer over others. Some rely on a fixed bet staking strategy, while others prefer more dynamic strategies rather than simple fixed bet methods. Some bettors wager the same amount each time regardless of their past success or failures, and others adjust their wager amount based on their previous results. It’s difficult to say which approach is superior, but we’ll explore the different options used by players down below to help give interested players a look at some of their options to consider.
Staking Strategy Take-Aways
Adopt a strategy that feels right
Use fixed wagering for stable results
Use variable betting for more dynamic results
What is a Staking Strategy?
A staking strategy is a pattern of wagering that sports bettors can use to control the outcome of their wagers more. It could be betting the same amount each time they place a wager on a match. It could be placing a wager that’s adjusted depending on the bankroll that’s available at the time. The amount wagered could fluctuate in other ways as well, and that’s what the strategy is. Finding out what the best staking strategy is for you is the key to being more effective while sports betting.
Fixed Versus Percentage Based
The two most common strategies for players to make use of for their wagers is choosing between fixed bets and percentage based wagers. Fixed wagers are wagers that are the same every single time. They don’t change even if the player gets a nice win, or suffers a serious loss. When set at an appropriate amount, a fixed wager strategy can result in good consistent results. A percentage based strategy is a specific percent of the overall bankroll amount. That means that the wager amount will go up or down with the player’s success. After a win the player using a fixed bet percentage strategy would bet slightly more than next time.
Percentage-based betting strategies are enjoyable because they allow players on a winning streak to capitalize on that streak and start making more and more dramatic wagers. Sports bettors using a fixed strategy have a chance to generate substantially more profit on a winning streak, and they are somewhat protected during a serious losing streak as well because their wagers drop down accordingly. Bigger losses are common after a winning streak using percentage-based staking though, because wagers will be higher. For more consistent results, fixed staking strategy is the way to go. For bigger swings and more dynamic play, percentage based wagering is the way to go.
Going with a Fixed Bet
Fixed bet wagering is one of the most common recommendations for new sports bettors that want to level out their play and the results they get from multiple wagers. The key to making this strategy work as a long-term sports bettor is to choose a wager amount that’s appropriate for success over time. To do this, players should start by taking a percentage of their overall bankroll. The recommended amount is between 1% and 5% of the total bankroll amount. This is the fixed wager amount to stick with the entire time unless a substantially larger bankroll is created over time.
Players that win huge amounts from sports betting can consider raising their fixed wager amount over time, but should keep the amount the same until reaching a serious earning milestone to maintain fixed betting odds over time.
Considering different Staking Strategies
A fixed bet/ staking strategy is the simplest approach to successful sports betting and consistently winning or being profitable over time. It’s not the only way to approach staking though, and not always the most optimal either. That’s why it’s important to explore alternative staking strategies. Below are some of the most common alternatives to think about. Each one works a bit differently, and looking at the options will help make it clear which is right for a specific person.
While fixed staking relies on a percentage to get the initial amount, the wager amount doesn’t change from one wager to the next. With percentage staking a percent of the bankroll is taken with every single wager. That means the amount adjusts slightly with each win or loss. Percentage staking swings betting amounts up or down with success and failure, and has the ability to enhance wins, while minimizing losses. Percentage staking also makes it more difficult to recover after a losing streak because more wins are required to get back to the starting amount than with fixed staking.
Bet it All
For the heavy gamblers among us the bet it all strategy is a simple, and sometimes highly effective method to use. The system is simple to use. Just wager the entire bankroll every single time. Some players use this strategy to great effect and come away with huge wins after a winning streak. Most lose more than they win with such a risky strategy because of the temptation to keep wagering wins until they become losses.
The Martingale betting system is a powerful tool that can create winners effectively as long as bankroll limitations and maximum wagering limitations don’t get in the way. The concept is simple. Start with a wager amount that’s low compared to the overall bankroll, and prepare for the amount to grow dramatically. It’s best to start with a wager amount around 1% of the overall bankroll to get things going with this system. To use the system properly you double your wager after each loss, and return your wager amount to the starting wager amount after a win. So if the base wager is $2.00. After two losses the wager amount would go to $4.00 and then to $8.00. Getting a win with the higher wager amount should help recoup those losses and get you back on track to be profitable again. That’s how the system works, and it works very well as long as betting limits or your bankroll size don’t get in the way. For more information about the Martingale betting strategy, see our overview of the system here.
Many people believe that the Fibonacci Sequence is the best staking strategy. With this strategy players move their wager amount through the Fibonacci sequence backwards or forwards depending on success. The sequence starts at 0, then the base amount, then each number after is made by adding the last two numbers together. With the base number as 1 the sequence looks like this (0, 1, 1, 2, 3, 5, 8, 13) and so on. When wagering with $1 as your base, you would start with a $1 wager, and remain at the base amount until you get a loss. After a loss you move ahead in the sequence first to $1, then $2, then $3 and so on until you get a win. After a win you move back two spaces in the sequence or back to the base, whichever is closer. The sequence works well for keeping players profitable over time.
Proportional betting is an advanced variable betting strategy that adjusts wager size based on bankroll size and the odds of winning any particular wager. As bankroll increases, so does the bet amount. As odds increase, so does the bet amount. The strategy is designed to maximize the payout for wins while minimizing the cost of losses. To learn more about proportional betting, see our overview of the Kelly staking strategy here.
Deciding on a Staking Method You Prefer
After getting familiar with different staking methods it’s important to test them out and to decide on one that speaks to you. Players should test out multiple staking strategies and stick with the one that feels the best to them. This requires trial-and-error and means placing tens or hundreds of different sports bets before finding a favored strategy.
Start Practicing to Master Staking and Win More
Some staking methods feel better to players than others. Bettors that want to be successful should begin comparing different sports betting platforms and join a site as soon as possible. As members of a new site players can start testing out different staking strategies and find the one that works best for them. Join today and begin testing things out to improve success over time and find a working strategy.
Conclusion: Learning Proper Staking Helps with Bankroll Management
Different fixed bet/ staking strategies change the way that sports betting feels and performs over time. Some players find success with one type of strategy, while others prefer another. It’s important to take the time to find a fitting strategy for yourself, and that requires a great deal of testing. Test enough and you’ll end up with a betting strategy that feels comfortable and that might be profitable as well.