Staking for me is all about maximising profitability. Every market has a finite level of liquidity so ROI% will diminish as stake increases. The gearing ratio at which this happens depends on the type of market and associated liquidity.
eg on Premier League football the relationship between ROI and stake will be low, whereas on an obscure low league match it will be much higher. It's all about finding the sweet spot that maximises total profit in that particular market.
Perhaps a Premier League market with a lower gearing ratio might have a sweet spot of £5.50, whereas the higher gearing ratio on a lower league match might have a much lower £3 sweet spot.
Most youd risk on one market
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jamesedwards
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stueytrader
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That's an interesting approach, using relation to potential return ratios, thanks James.
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stueytrader
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As a general point I think staking level, and risk levels, are fascinating areas because there is a huge amount of potential variability and choice possible.
It seems simple: don't overstake relative to your banks, don't understake relative to returns you want to achieve.
But, within those broader guidelines there is an extremely large amount of choice available to select. I know ideas like risk of ruin and kelly criterion are often discussed too as principles mathematically, and maybe related to your wider idea above for returns ratios.
Then there is the whole question of what you may be 'comfortable' with risking at any given time, or period of time. Sometimes maths suggests an optimal staking would be best, but you might personally not sleep at night with that level!
It's a wide question, both in maths, process, optimality and subjective judgement. Hence very interesting.
It seems simple: don't overstake relative to your banks, don't understake relative to returns you want to achieve.
But, within those broader guidelines there is an extremely large amount of choice available to select. I know ideas like risk of ruin and kelly criterion are often discussed too as principles mathematically, and maybe related to your wider idea above for returns ratios.
Then there is the whole question of what you may be 'comfortable' with risking at any given time, or period of time. Sometimes maths suggests an optimal staking would be best, but you might personally not sleep at night with that level!
It's a wide question, both in maths, process, optimality and subjective judgement. Hence very interesting.
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stueytrader
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Well, I thought it was anyway 
Seriously though, would love to hear others thoughts or choices and decisions about how they choose their staking levels.
From my own - I used to stake stupid high in the past, that worked well, until it didn't. Winning runs make you feel like a god, but nights after losing about 40% of your wider finances (not just betting bank) hit home like you've caught the plague.
Obviously I gradually realised my mistakes in overstaking - I honed some very carefully crafted staking plans. But always ponder whether I'm making enough, or risking too little, or risking too much each week, day and month.
I use pricing to create my own sliding scale - so an odds on bet/trade, is a much smaller stake overall than something that is priced 32.0+ on BF as the extremes. (edit. to clarify, that is because I am almost 100% laying). That is also something I've worked on for details, i.e. what pricing bands should link with specific staking levels.
Some weeks I look back and think - blimey, I was risking too much this week, and I go back and reduce my tables for levels again. Or, in linked ideas I alter the level of trading risk I can accept e.g. laying a horse, can I leave some red at various levels after trying to trade for a green.
Relation to my wider finance is also something I work on in planning quite often. How much of my own liquid funds can I invest on a regular basis, and what would happen to my wider bank in a massive downswing. This is closely linked to staking level chosen - I know, I've had sleepless nights when I get this wrong. I would now roughly invest in trading with about up to 15% of my wider finances I have at any time, and never any more - that is not on one race of course! But just my trading bank I will be holding in betting banks at any given time. Going over that starts to feel bad on the wider finances.
These are all works in progress, and will likely change often again for me in future.
Seriously though, would love to hear others thoughts or choices and decisions about how they choose their staking levels.
From my own - I used to stake stupid high in the past, that worked well, until it didn't. Winning runs make you feel like a god, but nights after losing about 40% of your wider finances (not just betting bank) hit home like you've caught the plague.
Obviously I gradually realised my mistakes in overstaking - I honed some very carefully crafted staking plans. But always ponder whether I'm making enough, or risking too little, or risking too much each week, day and month.
I use pricing to create my own sliding scale - so an odds on bet/trade, is a much smaller stake overall than something that is priced 32.0+ on BF as the extremes. (edit. to clarify, that is because I am almost 100% laying). That is also something I've worked on for details, i.e. what pricing bands should link with specific staking levels.
Some weeks I look back and think - blimey, I was risking too much this week, and I go back and reduce my tables for levels again. Or, in linked ideas I alter the level of trading risk I can accept e.g. laying a horse, can I leave some red at various levels after trying to trade for a green.
Relation to my wider finance is also something I work on in planning quite often. How much of my own liquid funds can I invest on a regular basis, and what would happen to my wider bank in a massive downswing. This is closely linked to staking level chosen - I know, I've had sleepless nights when I get this wrong. I would now roughly invest in trading with about up to 15% of my wider finances I have at any time, and never any more - that is not on one race of course! But just my trading bank I will be holding in betting banks at any given time. Going over that starts to feel bad on the wider finances.
These are all works in progress, and will likely change often again for me in future.
For me on tennis depends on strategy, what set is being played, how far into the set has been played, price of player & if I'm entering on lay or back side.
Based on above my staking will vary between 2.5-10% of bank.
If my loss on any match hits 2-3% of bank then I close it and move onto the next match although vast majority of time my max loss is 1-1.5% by the end.
I don't get attached & chase nor bothered by a loss as there's always another match either coming up or the next day.
Based on above my staking will vary between 2.5-10% of bank.
If my loss on any match hits 2-3% of bank then I close it and move onto the next match although vast majority of time my max loss is 1-1.5% by the end.
I don't get attached & chase nor bothered by a loss as there's always another match either coming up or the next day.