Although commission is calculated at Level Stakes, the profit can normally be increased by using a Staking Plan.
My personal preference is the Fibonacci Staking Plan.
If you are unfamiliar with the Fibonacci Staking Plan it is a loss recovery staking plan whereby you add the 2 previous stakes together to determine the stake on the next selection, as below:
Stake = 1-1-2-3-5-8-13-21-34-55...and so on....until you find a winner.
When one of your selections wins you start the cycle over again.
How I use it
I use a shortened version of Fibonacci Plan:
1-1-2-3-5-8 - STOP
If I fail to find a winner in the 6 race cycle I stop at 8 points, accept the loss, and start over again, therefore limiting my liability to 20 points per cycle. When a winner is found I start a new cycle.
If I run out of selections on a particular day then the next stage of the cycle is carried over to the first selection in the next days racing.
Alternative Option
I appreciate that some people are not available during the day to adjust stakes accordingly race by race so an alternative option is to write the selections and increasing stakes onto a Bookies betting slip with the instructions "Stop at a Winner" at the bottom.
You may miss the odd winner here and there but on the whole you should still see an increase in profits.
Stake = 1-1-2-3-5-8-13-21-34-55...and so on....until you find a winner.
When one of your selections wins you start the cycle over again.
How I use it
I use a shortened version of Fibonacci Plan:
1-1-2-3-5-8 - STOP
If I fail to find a winner in the 6 race cycle I stop at 8 points, accept the loss, and start over again, therefore limiting my liability to 20 points per cycle. When a winner is found I start a new cycle.
If I run out of selections on a particular day then the next stage of the cycle is carried over to the first selection in the next days racing.
Alternative Option
I appreciate that some people are not available during the day to adjust stakes accordingly race by race so an alternative option is to write the selections and increasing stakes onto a Bookies betting slip with the instructions "Stop at a Winner" at the bottom.
You may miss the odd winner here and there but on the whole you should still see an increase in profits.