You will no doubt be aware that there are many different Staking Plans that can be followed, many of them with fancy names. What you need to know is if any of them are relevant to you placing bets on the outcome of soccer matches.
Most of the Staking Plans you will have heard of will be those designed for "luck-of-the-draw" type betting, such as card games or roulette, where the player is unable to exercise any degree of skill or expertise.
We ourselves have researched all the most well-known Staking Plans and, through the application of how our own in-house software program, have thoroughly reviewed each and every one. This was done by applying them to a whole range of different scenarios that can occur with soccer betting (which is difficult enough to do properly even if you have the right computer "tools", and impossible otherwise, due to the number of permutations involved).
We found that the Staking Plan that will fulfil all the requirements necessary to be called "good" is the one known as the "Plateau Staking Plan". It is nothing we ourselves have invented. It is a method that has been known about for a long time although not used much previously, mainly because of the long-winded manual processing of the mathematics involved. But today we can get computers to do all that for us, so this method should now start to come into its own.
The "Plateau Staking Plan" has the almost distinctly unique advantage that it satisfies all the following essential criteria (which sets it apart and above all the other Staking Plans, with the possible exception of the "Kelly Criterion"):
Note that the basic principle that applies to all Staking Plans must still be applied when using the Plateau Staking Plan: Your Selection System must be a worthwhile one, and if you are using Fixed Odds you must still be able to identify some Value Bets, otherwise your chances of increasing your Base Bank over the course of a season will still be very much hit-and-miss.
In essence, the Plateau Staking Plan works like this:
It is also possible to build in a variation whereby the stake is not calculated as a percentage referenced to the Base Bank but to the Current Bank. This has advantages when you are winning, but (i) it can also cause bigger losses if you hit a prolonged losing streak when you are up on your Base Bank and (ii) you will lose out on the amount you can win if you are down on your Base Bank. To overcome the latter problem, you can always choose to adopt a minimum stake amount expressed as a percentage of your Base Bank.
The fundamental issues you have to deal with when deciding to adopt the Plateau Staking Plan are (i) deciding an appropriate mechanism for determining the "level" of the stake each week and then (ii) sticking to that decision, because sound money management is a critical first step in ensuring your betting success.