Let me play the “levels” advocate for a second.
Level staking that is.
I generally advise that if you’re following a betting system or a tipster, you will be best off placing all your bets to level stakes.
Even if the tipsters advised staking suggests otherwise, and there’s a few reasons for that.
Firstly, if a tipster or betting systems selections don’t produce a profit to level stakes they aren’t going to produce a profit to any kind of staking plan.
A tipster or betting system may advise some sort of progressive staking plan to make it appear over the short term like their selections make a profit, but if you follow that type of staking you are ultimately setting yourself up for a massive loss.
Also, by converting a tipsters or systems previous results from advised stakes to level stakes allows you to see whether or not they’re the real deal or whether they’re using some sort of weird staking plan to inflate their results.
Here’s a true story.
I was once skimming through a laying services results which was claiming their selections had made a 100pt profit over the last 6 months.
The only catch was they were using a progressive staking plan.
So I went through their results and converted them to level stakes to see how the service would have performed.
I found it would have made a loss of 14.52 points over that period to level stakes.
That’s right. A loss!
Upon further digging I found something even more worrying.
One of the bets to advised stakes was risking more than 60pts on the one bet. Absolutely crazy.
Unsurprisingly, that laying service isn’t around any more.
Another reason for betting to level stakes is that in my experience, I have found level stakes to produce an equal or greater return on investment when compared to advised stakes.
This of course isn’t always going to be the case, but I have yet to see a tipster who’s advised stakes significantly out perform level stakes.
Level staking keeps things simple. Since you’re placing the same amount on each bet, you aren’t likely to get mixed up and stake the wrong amount on a bet.
Betting to level stakes also ensures that you’ll never be betting too much of your bankroll on any one bet.
Don’t get me wrong, I’m not completely against level stakes.
If you pick your own selections, and know that a certain selection has a very strong chance of winning or offers exceptional value, then by all means, stake a little bit more on it than you usually would.
But if you’re just following a tipsters advice or a betting system and have no way of knowing which specific selections offer the most value, level stakes are the way to go.
Until next time,
P.S. If you’re looking for some great tipsters to follow, take a look here: http://winnersodds.com/tipster-portfolio