Staking - A punters guide to managing your bankroll.

G'day piggies! Today, we're gonna talk about staking in betting. So, you've got a few bucks to spare and you wanna have a punt on the ponies or the footy, but you don't wanna go broke. Well, that's where staking comes in.

Staking is all about managing your money and minimising your risk. It's a strategy that helps you control how much you bet and ensures that you don't blow your bankroll in one go.

The first thing you need to know about staking is that it's all about percentages. You should never bet more than you can afford to lose. That's just common sense, yeah?

So, let's say you've got a bankroll of $1000. You might decide that you're only going to bet 1% of your bankroll per bet. That means that each bet you place will be worth $10.

You’ll often find tipsters advising either “units” or “stakes” So if you’re following a sharp tipster, and he recommends 5 units on a race, that mean’s hes staked his bankroll accordingly, and he’s confident enough for 5 units on that bet. They might also suggest 0.25 units on a big multi, so this would be a recommendation of 1/4th of your usual bet size. Meaning if your average bet size is $100, he’d suggest $25 on his multi, and $500 on his horse bet.

Now, let's talk about the different staking methods. There are a few to choose from, but we'll focus on two of the most popular: level staking and proportional staking.

Level staking is the simplest method. You bet the same amount of money on each bet. So, if you're betting $10 per bet, you'll bet $10 on every bet you place.

Proportional staking, on the other hand, is a bit more complex. With this method, you bet a percentage of your bankroll on each bet. So, if you're betting 1% of your bankroll per bet and your bankroll grows to $2000, then you'll be betting $20 per bet.

The idea behind proportional staking is that it allows you to increase your bets when you're winning and decrease them when you're losing. This helps you maximise your profits and minimise your losses.

So, that's staking in a nutshell. Remember, it's all about managing your money and minimising your risk. Choose a staking method that works for you and stick to it. And most importantly, have fun and enjoy the ride!