“How Increasing Your Stake Suddenly Without a Plan Can Cost You”

If you had ever had an amazing winning streak where you kept winning bets game after game or this terrible losing streak that have cost you so much money that all you could think about is placing one big stake that would help you recover your losses and even the scores in your favor with your bookmaker. That’s if you win!

If you have ever been in this position, then you need to take what am about to say seriously.

Seat down, get comfortable and read very slowly….

First thing you need to know is as a serious punter who really wants to make money from football betting, knowing when to increase your stake and by how much is one essential skill that would go a long way to help you avoid bet pitfalls.

 

Let me paint a brief scenario to make things a bit clearer to you

 

For example, you have a bank roll of a 100,000 Naira, staked with it and won 152000 Naira on a bet –meaning you made a profit of 52k. All seems well, you then played another game and made N149000 –another profit of 49k. Which implies you now have 52k + 49k = 101k as total profit and N201000 in total cash.

You get excited and start doing some moneymatics in your head. You’d be like “if only I had placed 200k imagine what I would have made, chai I would have hammered this people oh”.

Then GBAM!!!

All of a sudden you start making serious plans of increasing your stake to N200000 in the next bet move.

That’s my brief illustration and it smoothly ushers us to the talk of the day –should you increase your stake?

I’ve been in this position sometime myself and to be honest I made really really bad decisions that were costly.  But am positive that after reading this, you won’t make those mistakes I made.

The simple truth is that this thoughts of impulse stake increase is so tempting such that you fail to come to terms with reality that you are not yet ready for an increase in stake, and if you still go ahead with this plans, you are walking straight into a bet trap. Come to think of it, mere considering the idea in the first plan means you had no stake plan prior. Or Do you? if you do, is that part of the plan, doubling stakes with every major triumph? I possibly don’t know the size of your bank roll but am sure your stake plan will lead to your ruin pretty soon.

Ride with me for a few more minutes, and I’ll tell you exactly why this is a possible bet trap!

 

 

Every placed bets comes with two results –either you win or you lose. You know that right?

Now, for the best case scenario, I really hope you win, so let’s say you win. A fat thumbs up!

But the problem here is, when it balls down to football bets, no match event is 100% sure. Take my word for it. Even Prophet T.B Joshua’s football predictions could fail at times –so in point of fact, what am saying is regardless the source of your predictions, you should always remember that no football event is guaranteed.

And if this be true,

This leaves a smart punter with only one option –that option is taking the worse-case scenario. Since no football game is sure, start thinking in terms of what if this increased stake cuts?

 

And I’ll tell you exactly what happens in the worse-case scenario when your increased stake of say 200k to win X naira cuts.

You remember our brief illustration right? that’s exactly what I would use to explain further.

Recall you started out with an initial capital of 100k that has yielded 101k in profit already. So you have a total cash of 201k. Which implies that only 1000 naira would be left in your bet bank when you stake this 200000 Naira.

This is what happens when you lose

If you lose, you didn’t just lose 200k, you also lost 99k out of your original 100000 Naira you had started out with earlier.

So at the end of the day, you won two battles that made you a profit of 101k and total cash at hand of 201k but lost the war the moment you lost part of your capital or specific to this case, you lost nearly everything.

This could happen to anybody. And like I told you earlier, it once happened to me. But ever since, I have developed a formula I use in knowing when it is proper to increase my stake and by how much. That formula I’d share with you here.

The simple formula to check out for when you want to increase your stake is:

“If you lose your increased stake and your loss eats into your initial capital, you are not yet ready to increase your stake”. Period!

For our particular example, If you must increase your stake to 200k, your initial 100k capital must have yielded a minimum 200k in winnings which leaves your 100k intact regardless of what happens to your placed bet of 200k.

It all trickles down to the staking plan. For this case, we used a fixed stake plan. Yours could be varied, you can even try the kelly or half-kelly stake plans (if you understand how it works) or your plan could be a mix of two or more. The point is getting a good staking plan and sticking to it.

You got that right?

I’m sure you did.