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Horse racing: Guide to staking plans

Staking plans should never place your entire bankroll or financial stability in jeopardy.
Staking plans should never place your entire bankroll or financial stability in jeopardy.
Photo by Jordan Mansfield/Getty Images

Horse racing staking plans are essentially “betting systems” which tipsters advertise as a method to produce long-term profits from wagers. Punters must exercise caution when assessing an advertised staking plan. Does it make sense? Are you able to follow the staking logic? Perhaps more importantly, does the tipster seem experienced and trustworthy? Or could the betting system possibly be a fraudulent or ineffective method at wagering on meetings?

Vendors who advertise staking plans target punters who are looking to beat the bookmakers. Here is a sample of horse racing staking plans posted on various online sites:

· $1000 Staking Plan

· Fibonacci Staking Plan

· Square Root Staking

· Favourites Staking Plan

· High Placers Staking Plan

· Progression Staking By Price

· Chasing Losses Progression Betting

· A Simple Staking Idea

· Rising Bank Staking Plan

Take note that tipsters who offer staking plans are incentivized by short-term profits based on subscriptions. Many are simply motivated to sell books and guides without offering substantiated proof that their staking plan works (over the long haul).

Beware of false claims and complicated betting logic that makes it hard to understand an alleged “effective system”. If their plan works and they have figured out a way to exploit informational inefficiencies in the marketplace, why are they sharing it with the general public (for such a subscription cost)?

Staking plans should never place your entire bankroll or financial stability in jeopardy. This is important to note since some betting systems call for increasing stakes as a punter suffers losses (in an attempt to quickly recover). Such a practice runs counter to the advice that bettors should not chase their losses, and should never place a huge bet (relative to their bank) on any single race.

Sports betting involves variance on one’s cash balance – that is a punter can undergo a winning or losing streak. Some staking plans advertise a conservative strategy while others claim higher expected short-term profits without telling you of the greater risks involved.

Interestingly, many tipsters do not fully disclose their betting methods for fear that punters will not purchase their informational products, or that their system will be copied by competitors. Thus, punters are at risk of providing funds to pay for a subscription without fully understanding what they are purchasing and/or without validating profitability claims made by the vendor.

Finally, many betting systems are mathematically biased. In horse racing, there remains a few critical and fundamental factors that affect that outcome of a race: a runner’s speed, stamina, jockey, weather conditions, trainer, injuries, and amount of rest. These variables and the pricing of odds offered by bookmakers remain the ingredients by which successful bettors analyze where value lies.

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