Using A Staking Plan In Online Sports Betting

Online sports betting staking plan

An essential part of sports betting, staking plans are something that can and should be used. But what are staking plans in online sports betting? What are the different types, and should you be using one?

Let’s start with a simple explanation of just what is meant when someone refers to a staking plan.

How Much Should You Wager?

How much money you should risk on a wager can be determined, in part, through the use of a staking plan. Rather than just taking a wild shot at betting $30 on the Giants game Thursday night (example only), this is a method that will apply a level of logic, and in doing so, assist you in making a wager.

Gut instincts may still play their part, but other things figure in, depending on your plan:

  • The size of your bankroll
  • Your odds of winning
  • Your recent track record

Be advised that plans vary.

Benefits of a Staking Plan

To help manage risk, some people use a staking plan. As it fits your needs, the plan would be devised to develop a trade-off involving risk versus reward. When it comes to risk, a huge variety of options are offered by staking plans. If it suits you, you can choose a higher risk of award, or, a lower risk and reward trade-off can be selected by those who prefer such.

Basically, there are two main types of staking plans:

  • Variable Plans: This includes Proportional Betting, Fibonacci Sequence, and Martingale System.
  • Fixed Plans: This includes Bet It All Every Time Staking, Bankroll Percentage Staking, and Fixed Wager Staking

Variable Plans

For variable staking plans, your bet will vary every time you wager.

 

Fixed Plans

For fixed staking plans, the percentage of your bankroll that you’ll wager, or the amount you will wager, will be fixed. They don’t move.

Is a Staking Plan Necessary?

Whether or not you use a staking plan is completely up to you. Not everybody does. However, to assist in bankroll management, it’s a good idea. Otherwise, leaving you nothing to wager further with, you could quickly fly through your whole bankroll.

How Will I Know If It’s for Me?

The use of staking plans may not be particularly for you. But how will you know and how long should you wait before making that decision?

Try more than a couple of wagers, for sure. Additionally, go ahead and give it some honest-to-goodness time before you make the decision to refrain from using staking plans. So that you can give the plan a chance to work with numerous varying bets, keep your bets small at first. If you’re not pleased after a dozen or so wagers, try shifting to a different plan.

Are Staking Plans Used by Professional Sports Gamblers?

The answer to this question is an absolute, “Yes!” It helps them with bankroll management. To assist these individuals in calculating how much to bet at any given time, professional gamblers have developed propriety plans of their very own.

Where Can You Find Opportunities for Online Sports Betting?

Ready to try out your staking plan? Make Gambling-New Jersey your one-stop source for all New Jersey has to offer in the best legal online gambling. From epic poker action to classic casino to sports betting, our independent listing has it all.

Do you know what bonuses are the biggest and currently up for grabs? From across the state, we offer such information, and much, much more. Checkout Gambling-New Jersey today for some real gambling fun and new challenges.

Note: Gambling-New Jersey is not a gambling site. We publish reviews and resources regarding licensed online operators.

Table of Contents

Don't miss the news!

Last posts in this category

Did You Check These Reviews?

Sugarhouse Sportsbook

100% First Deposit Match
Up to $250
Minimum amount $10

Sugarhouse Casino

100% First Deposit Match
Up to $250
Minimum amount $10

Harrah’s Casino

100% First Deposit Match
Up to $300
Free $10 Bonus

PartyPoker

100% First Deposit Match
Up to $1000
$25 On the House

Care to Snack on our Newsbites?

Taste the Free GNJ eBulletin!

We use cookies to analyze site traffic, advertize, and offer an optimized browsing experience.

If you continue to use this site, you consent to our use of cookies.

Please read about how we use cookies in our Privacy Policy.