Someone emailed me asking how to use a Staking plan when LAYing horses (Betting on them to lose).
A simple Staking plan is to risk 2% of your betting bank on each LAY bet.
So for example if you have a Betting Bank of £1000, you risk £20 (2% of Bank) in each LAY bet.
If the horse you are LAYing is 2/1, the Backers stake will be £10, meaning if the horse loses you WIN £10.
If the horse wins however you will LOSE £20.
You can recalculate the size of your Bank at the end of each day or at the end of each week, whichever you find the most convenient.
So if you decide to recalculate weekly, and your Bank stands at £1100 after 1 week, you now risk £22 (2% of the Bank) in each LAY bet.
Hope that makes sense to everybody!!
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