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When you start to take your betting seriously, instead of throwing a £5 random markets when you’re down the pub, a betting bank is one of the most important assets. Your betting bank, when correctly defined, determine how much you place on each bet. If you stick to the bank and staking plans, there’s no reason why you should lose it overnight. Staying disciplined in this game is the key to success, and profit.

Gambling is always a risk, in that nothing is certain, so it is wise to put together a plan of how much to stake on each bet. At Tipsters Empire we have a recommended betting bank for each service, noted as a set number of points, after carefully considering the risk involved. That’s what a betting bank is all about – managing the risk so that you don’t deplete your betting pot too fast. If you started with a £1,000 pot and placed £50 bets, 20 straight losers (which has been known to happen) you would empty your bank completely. A carefully planned betting bank will stop that from happening, and ensure that you’re ready to take the potential profits seriously.

What size betting banks do Tipsters Empire recommend?

We’ve assessed the level of risk when recommending the minimum betting that we believe is necessary, based on their average profit, the nature of their betting and their strike rate. For example, Architect Tips’ average odds for his tips is 8.50 compared to The Wizard of Big Odds whose average odds tipped is 14.50. Due to the higher odds tipped by The Wizard, the greater the risk that he could go longer without a winner. It’s partially due to this, that we think an increase bank is needed. Yes, The Wizard is our best Tipster at the time of writing this article, in terms of recent form, but we didn’t know that for sure before he went live on the platform. We felt it necessary to give our followers guidance on what level of risk they should apply when placing the bets here.

I don’t like using the word risk, but as you’re putting money into something uncertain, that’s exactly what it is. By defining a set amount per bet from your bank, you can ensure that you wait out any losing runs, and stay sensible on the winning runs. All too often we’ve seen people have three winners, increase the amount they bet and then go on a losing run. As the amounts they now bet outweigh the previous profits, they lose their bank. It’s easy to feel over-confident sometimes and put big money on silly bets. Again, discipline is key.

Here is what we recommend for each of our Tipsters are the time of writing.

Architect Tips – 100 points
CD Racing – 100 points
Jakblak Racing – 150 points
Oddball Tips – 150 points
Place for Profit – 150 points
The Wizard of Big Odds – 150 points

How do I define a set amount per bet?

The simplest way is to split your betting bank in to points. A points system is a common occurrence in betting where you decide how much a point is. Tipsters will often tell you how many points they think you should bet – such as a two point win. The beauty of this is that you decide what value each point has when you begin. A lot of people start with a 100 point base so if you had started with, as an example, £100, you would simply divide this by 100 to get the value of your point – £1.00. Similarly, if you wanted to start with The Wizard of Big Odds or Jakblak Racing, you’d start with £150, and then place £1 for each point advised.

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How much would my bets cost?

A brief explanation is laid out in the table below. The purpose is to show how much, in total, your outlay would be if you were using £10 stakes, for example, on a bet.

It is imperative that you decide how many points you will use before you start betting if you decide to use a points system. By changing your point value half way through the month will hugely distort your profit/loss as you could win, say, 10 bets whilst using £0.50 points. If you then lose 10 bets with £2.50 points you will ultimately not be in profit for that month.

We would recommend that once your betting bank increases by 50% of the starting points, you increase your point value by 50%.

Example
Once your 100 point bank becomes 150 points, you increase your point value by 50%, so £5 becomes £7.50, £10 becomes £15 and so on.

Depending on the tipster that you follow (if any) examples of bets that you may see are outlined below:

KAUTO STAR – GOLD CUP 6/1 – 1 POINT WIN

If you were using £10 per point you would place £10 win.
£20 per point would be a £20 win.
£50 per point would be a £50 win.

KAUTO STAR – GOLD CUP 6/1 – 0.5 POINTS E/W

If were using £10 per point you would need to place a £5 E/W bet  (total stake: £10).
£20 per point would be a £10 E/W bet  (total stake: £20).
£50 per point would be a £25 E/W bet  (total stake: £50).

KAUTO STAR – GOLD CUP 6/1 – 1 POINT E/W

If were using £10 per point you would need to place a £10 E/W bet (total stake: £20).
£20 per point a £20 E/W bet (total stake: £40).
£50 per point a £50 E/W bet (total stake: £100).

Are there different types of betting bank?

Most commonly, among our members, there are two options used: level stakes and percentage stakes.

Level stakes is the easiest type of betting plan to carry out. It can also fly under the bookies’ radar a little more, to help keep your account open. A level stake plan is manageable for everyone. No matter what the form has been like recently, you’d put the same amount on as you did for the past ten bets – even if they were all winners (unless you decided to increase your point value overall, as mentioned above).

Whereas, with a percentage stake plan, you may decide that you want place 1% of your betting pot on each bet. Your bet value would increase or decrease proportionately to the profits earned in the past. This could lead to you putting very random amounts on a bet i.e. if your betting pot had reached £2,345.53, then your point value could be £23.46. Bookies, allegedly, and from past experience, seem to favour the level stake betting, as the random amounts set off alarm bells.

On that note, have a read of this article when you get chance: Keeping your accounts open.

Conclusion

We track our profits to level stakes, as it’s far easier to do so, but that’s not to say that it’s the ‘right way’. You need to figure out what is best for you, as it’s your money that you’re betting.

No matter how careful you are with your stakes, if your Tipster doesn’t make profit, then your bank will ultimately decline over time. We’re lucky to have consistent, profitable Tipsters on board, who have increase their bank no end. Architect Tips for example, since starting with us, has made over 450 points profit at the time of writing. £10 on each bet would see you with £4,500 profit in your betting bank. This is obviously due to the fact that he’s a great Tipster, but also due to the disciplined approach, and assessing how many points should be placed on each bet.

Our Tipsters define how much should be placed on each bet to allow you to enjoy a steady profit, and make the most of what could well be a healthy second income.

As always, we welcome and comments or feedback. Get involved in the comments below.

We hope this has been helpful in some way!

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