Staking Manager
We have recently released our RatingTheRaces Staking Manager which is a fantastic tool for anyone who is serious about making money betting. This can be used in conjunction with our fantastically accurate ratings but could also be used for any types of betting. A simple spreadsheet and to our knowledge the first available in the public domain.
The Staking Manager allows you to track your betting patterns, works out your points profit/loss for the day and overall. It also works out your daily ROI and overall ROI. It can help you track your systems to level stakes and also to compounding stakes.
After the initial set up of the Staking Manager all of the above is worked out by just entering your daily points staked and your daily points returned.
This staking manager is the first of our betting tools that will be released to Premium members and Free Members and these will help both part-time and full-time punters.Feel free to sign in and download your copy of the RatingTheRaces professional staking manager completely free.
Glossary:
Points: For betting you should always work in points and not pounds. You can decide how much each point represents. 1 point for example may be £1 or it may be £10 but regardless of the monetary amount staked the return in points will always be the same.
Profit/Loss: This is how many points you have made/lost both each day and also overall since you started using the staking manager.
ROI: Return on Investment. The ROI is the best indication of how good a system/service is. If you stake 1 point (which is £1) and you make a profit of 1 point (which is £1) you would have made 100% ROI. This is much better than if you had staked 1000 points (£1000) and made a profit of 10 points (£10). This is an ROI of 1% which is significantly lower despite the profit being higher. The higher the ROI the better the system/service is.
Level Stakes: If a system is ‘Level Stakes’ it means you are staking the same amount of points on each selection regardless of whether the system is going well and making profits or not.
Compounding: This is where you stake a set % of the betting bank on each selection. This means if on day 1 you decide to stake 1% of your 100 point bank (£500) (1 point = £5) you would stake 1 point (£5) on each selection. Either after each selection has run or at the end of the day the betting bank is adjusted to the new total. This means if you have successful day your betting bank could be £600, however you would still only stake 1% (£6.00) on each point staked. If you had a poor day your betting bank could be £400and still you would only stake 1% (£4.00) on each point staked. Compounding banks make losing runs less intrusive on your betting bank and good runs more profitable