It has been proven that the amount that you bet is actually more important than what you are betting on. We have mapped out actual 5 staking methods over 500 bets to conclude as following:
Strategy A: Bet Everything EverytimeBet every single dollar you have on each bet. This only advantage is you get the most of your dollar with maximum returns but you risk losing everything at one go.
Strategy B: MartingaleThis is also the Double up method where you double the stake after each failed bet to cover the previous lose as well as win another unit from the bet. This will rapidly increase your betting stake if you are on the losing straight and may hit a very large amount to recoup the losses or ultimately lose everything.
Strategy C: Fixed StakeBet a fixed amount of stake on every bet and do not vary regardless win or lose. This method avoid losing the entire stake but it also limited the winning which I called it slow and steady bet.
Strategy D: Proportional BettingStake your bet based on the betting edge. By using Kelly Criterion Formula your betting stake is adjusted according the your edge as calculated by the odds and winning chance. If the edge is 10% and the odds is 2.00, 10/(2.00-1) = 10.
Your stake is 10% of $1000 = $100. If you win, the next stake would be 10% of $1100 = $110. This method increases your stake and slow down losses gradually to avoid total lost.
Alternately to fixed a percentage of 4-8% on capital.
Increase your stake in a Fibonacci sequence, to your losses with the next bet’s winnings. This method has similar drawbacks to Martingale method in sports betting, but it reduces how quickly the stake increases if you’re on a losing streak (and therefore also reduces the rate at which you win).
Which Is The Best Staking Method?There is no one best method that suits every punter but you yourself should experience to find out which method is best fit your betting style. Aggressive punters prefer Strategy A but that is far too risky for most of the ordinary punters, but Strategy C is good to begin with.