Comments on: Psychology of Gambling and the Importance of a Staking Plan https://www.soccerwidow.com/football-gambling/betting-knowledge/betting-advice/money-management/psychology-of-gambling-and-the-importance-of-a-staking-plan/ Football Betting Maths, Value Betting Strategies Wed, 22 Aug 2018 22:38:09 +0000 hourly 1 By: eug3nix https://www.soccerwidow.com/football-gambling/betting-knowledge/betting-advice/money-management/psychology-of-gambling-and-the-importance-of-a-staking-plan/comment-page-1/#comment-7801 Sat, 18 Jan 2014 20:07:34 +0000 https://www.soccerwidow.com/?p=252#comment-7801 I think I have not made myself clear entirely. The staking plan I mentioned above does not consider neither a fix profit nor a fix risk but a fix returning (stake + winnings = constant). I think, statistically, it’s called fixed sum but I’m not sure.

You divide this amount each and every time by the odds so that your profits and your stakes will fluctuate always depending on the odds but the returning on each individual bet (the sum of the two, stake and profit) will be always the same, the fixed amount you considered in the first place.

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By: Soccerwidow https://www.soccerwidow.com/football-gambling/betting-knowledge/betting-advice/money-management/psychology-of-gambling-and-the-importance-of-a-staking-plan/comment-page-1/#comment-7796 Sat, 18 Jan 2014 07:13:47 +0000 https://www.soccerwidow.com/?p=252#comment-7796 In reply to eug3nix.

Hi eug3nix,

the staking plan you are looking at is which we call: Fixed win/risk staking plan (=equal win, equal risk). You always win the same amount when backing, and risk the same amount when laying.

Here a few articles on this subject:
Choosing the Right Staking Plan
Euro 2012 Simulation – The Moment of Truth: Staking Plan Comparison

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By: eug3nix https://www.soccerwidow.com/football-gambling/betting-knowledge/betting-advice/money-management/psychology-of-gambling-and-the-importance-of-a-staking-plan/comment-page-1/#comment-7795 Sat, 18 Jan 2014 06:38:05 +0000 https://www.soccerwidow.com/?p=252#comment-7795 Hi,

I want to discuss with you another staking plan: a fix amount divided by the odds.

Example:
Back odds 1.81 -> 20 / 1.81 = 11.05$ stake which implies possible winnings of 8.95$
Lay odds 2.16 -> 20 / 2.16 = 9.26$ to be won which implies a liability of 10.74$

On this particular betting sequence presented by you it yields less than the standard staking plan (uniform liability) due to the large variation of the odds selected but I think it performs slightly better in general. Anyways, I would like to hear your opinion on it.

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By: Soccerwidow https://www.soccerwidow.com/football-gambling/betting-knowledge/betting-advice/money-management/psychology-of-gambling-and-the-importance-of-a-staking-plan/comment-page-1/#comment-3969 Mon, 23 Jul 2012 12:07:54 +0000 https://www.soccerwidow.com/?p=252#comment-3969 In reply to Makc.

The big question is how do you come up with your probabilities?
Otherwise this approach is valid for identifying value.

Thanks for you comment but I’m slightly confused as I don’t see the relevance for staking?

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By: Makc https://www.soccerwidow.com/football-gambling/betting-knowledge/betting-advice/money-management/psychology-of-gambling-and-the-importance-of-a-staking-plan/comment-page-1/#comment-3968 Mon, 23 Jul 2012 09:50:47 +0000 https://www.soccerwidow.com/?p=252#comment-3968 Hi,

I have different staking plan. I multiply propabilities (in my opinion) and odd and it must be over 1 (usually from 1 to 1,2).

Example:

6/10*1,8=1,08

When i bet lay i just simple reverse odds like it would be back bet.
I think it’s very popular and common staking method. What do you think about it?

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