The 10% Staking Plan is a conservative method of automatically pressing up your bets when winning, and cutting back when losing.

1. When you begin a session, determine the size of your bankroll. In the event that things go terribly wrong, your total loss will be limited to this amount. The golden rule: Don’t bet if you can’t afford to lose.
2. Use 10% of your bankroll for each bet, recalculating after every wager.

For example, if your starting bankroll is $100, your first bet would be $10 (10% of your total). If your first bet wins and your stake increased from the original $100 to $120, your next bet would be $12, which is 10% of your new total.

Conversely, if your first bet loses, you would then wager 10% of your remaining bankroll, in this case that would be $90, so the next wager is $9, which is 10% of the new bankroll amount.

This 10% staking plan is designed to take full advantage of winning streaks and at the same time it allows for the inevitable run of bad luck that comes along periodically.

You have established a loss limit at the outset. You do not set a win limit, but it is advisable to cap your bankroll at a certain level. Stashing away all profits over and above a certain amount is your protection from total ruin, should things turn ugly (and they often do).

Let’s say you’ve been winning nicely and your bankroll has grown by 50%, from $100 to $150. At this point it is advisable to pocket additional profits, instead of adding them to the bankroll. If you don’t do this, and keep wagering 10% of an ascending bankroll, your bets will reach ridiculous levels.

Try the 10% Staking Plan next time you gamble. You’ll like it!