Understanding Betfair Staking Plans

Welcome to the third instalment of our Betfair Strategy series. In our first two articles we went through the basics of the Betfair exchange, including understanding the markets and knowing the difference between backing and laying a bet. Click on the links below to check out the first two articles in the series.

  1. Understanding Back and Lay Betting on Betfair.

  2. Understanding the Betfair Markets.

Now that you’re familiar with the basics at Betfair, it’s time to move on to some plans and strategies that you may want to employ to make sure you’re giving yourself the best opportunity to succeed. First off, we’ll take you through some well-known staking plans that punters use to stay in control of their bank roll.

Staking Plans

Level Staking

A really straight-forward staking plan is to use ‘level staking’. This simple method involves investing the same amount of capital on every wager you place. Most commonly, punters that utilise level staking will place 2-5% of their bankroll on every wager.

Martingale Staking

The ‘Martingale’ strategy for staking is one that is used by punters looking to recover funds from a losing wager, or as some would say, to ‘chase’ their losses. This method is used most commonly by casino regulars or punters that bet on markets that are a 50-50 chance (e.g. heads or tails). This staking strategy requires the punter to double their wager amount after every loss, so that the first win will recover all previous losses plus win a profit equal to the original stake.

Fibonacci Sequence Staking

A similar staking strategy to the Martingale is the Fibonacci Sequence Staking strategy. The key difference between the Fibonacci Sequence and the Martingale is that staking with the Fibonacci Sequence is determined by a sequence of numbers and the result of the previous wager. If the punter loses a bet, they move up one step on the sequence, and if they win, they move down two steps on the sequence.

Proportional and Percentage Staking

One of the simpler staking methods is the Proportional and Percentage Staking strategy. Punters using this method will invest a certain percent or proportion of their bankroll regardless of how big/small it may be. When your bankroll fluctuates the amount you stake will adjust accordingly.

Dutch Staking

This staking method is most commonly used in horse racing when a punter is interested in backing two or more runners. Dutch Staking involves diving your stake over a number of selections so that the same amount is won regardless of which of your runners wins. 

The five staking methods listed above are the most commonly used and can each be effective in their own right when used correctly. That wraps up this week’s Betfair Strategy piece, but make sure to check back in regularly to see future instalments.

TIPS

Moonee Valley Racing Tips: Friday, November 22nd

Friday night's in the Spring belong to racing at The Valley, and we've got another eight-race card this week to take us into Railway Stakes day tomorrow! Check out our preview and tips for every race on tonight's card here! read more

Horse Racing Tips: Friday, November 22nd

There's plenty of racing throughout Australia today, with 66 races across nine meetings! Three of those meetings come from Gosford, Orange and Sunshine Coast, and Luke Krahe has picked his best bets from each meeting here. read more

2019-20 EPL: Matchday 13 Preview & Betting Tips

The 2019-20 EPL season continues this weekend with Matchday 13. As always, we bring you our three best bets from the round, which you can check out right here! read more

NFL 2019-20: Week 12 Preview & Betting Tips

Big weekend of NFL action coming up as Week 12 gets underway this Friday with the Colts taking on the Texans. We have a full preview and tips for the key games of the week here! read more

ARTICLES

Understanding Betfair Staking Plans

In the third instalment of our Betfair instructional series, we take a look at understanding staking plans and how they can be used to stay in control of your bank roll read more


Understanding the Betfair Markets

In our next strategy guide for the Betfair platform, we take a look at understanding how the Betfair markets work and what different types of backs and lays you can place with Betfair! read more


Understanding Back and Lay Betting on Betfair

Unlike your ‘normal’ betting agency where it’s you versus the Bookmaker, Betfair is a peer-to-peer wagering platform. Betfair allow you to both ‘back’ and ‘lay’ bets, which gives you complete control and a totally unique betting experience. View how full guide to backing and laying here read more


Major Harness Races in Australasia

There are approximately 90 Group 1 level harness races in Australia and New Zealand each year; we've highlighted some of most high profile races on the annual racing calendar here. read more


BLOGS

Boosted Odds For Melbourne Cup Punters

The Melbourne Cup has transformed from the race that stops the nation into the race that stops the world in recent years, and Palmerbet are giving punters more bang for their buck with boosted odds on all Melbourne Cup runners this Monday! read more


2019 Melbourne Cup Odds

The Melbourne Cup is known as the race that stops a nation, but is quickly becoming the race that stops the world! There's 42 horses left in contention for the 2019 Melbourne Cup, which will be held on the first Tuesday in November. Check out the latest betting odds for the race here! read more


Cox Plate Glory Awaits

Get fantastic odds of $4.50 for Te Akau Shark to finish in the top five in Saturday's Cox Plate thanks to Palmerbet. read more


The Luck of Playing the National Lottery

The lottery is one of the more fun ways to gamble, and who hasn't dreamt of one day striking it mega-rich by landing a jackpot! What are the odds of winning the lottery, and is there anything you can do to improve your odds? We take a look at the luck involved with playing the lottery! read more


PlayUp

Palmerbet