Cover to Win Staking
Cover to Win staking is a method of staking used by horse betting online enthusiasts that can, when used properly, help you to make some great profits over the medium to long term. It works by adjusting stakes on each runner so that a winner will produce a specified amount of profit as well as recover any previous losses that have been suffered. Here’s how to use the Cover to Win staking methodology in practice:
Start by defining how much profit you would like to make from every horse racing winner you pick. We will say £10 for example purposes.
Identify the betting odds of your first selection.
Stake enough on the first selection to make a £10 profit if it wins. For example, if the odds for your first horse were 2/1, you would stake £5. This would give you a £10 profit if it wins.
If the first horse wins, start the process all over again with the next selection.
If a horse loses, add your lost stake to your profit goal and stake enough on the next horse to win that amount. For example, if your first horse lost you £5 you would be looking for a profit of £15 on the next selection. So, if the next selection had odds of 1/1, you would stake £15.
Continue staking in this way, adding up all previous losses and your profit goal and staking accordingly, until you hit a winner. When a winner occurs, start over.
By taking this approach, every winner you have will give you £10 profit (or whatever you decide at the outset) and all of your losses will be recovered. So if you were to place 20 bets in a week and get 10 winners, you would make a profit of £100. Not bad for a simple horse betting online hobby!
The Cover to Win staking method is a great money management strategy, but it does involve staking increasing amounts of money during a losing run. If you don’t like that approach, you should use another money management plan instead. Even if you think that you will be happy to use the Cover to Win idea, it is sensible to paper trade for a few weeks so that you can see how stakes escalate according to the odds of your horse betting online selections and the number of losing selections that you have.
