BOOKIES BANK
A staking plan that is based on the fact that when you lose, someone else has won i.e. The Bookie. You start off with your bookies bank, say £100, and decide to stake 10% of this bank for your first bet, £10. If it loses, this means the bookie wins and his bank now becomes £110. Your next bet is 10% of this bank or £11. Another loser and the bookie is now £21 up with a bank of £121.
10% of this is £12.10 and is your next bet. It wins at 3/1 and you return £36.30. The Bookie Bank is now £84.70 and you have beaten the bookie this time and take your profit and run.
You reset the Bookie Bank to £100 and start again.
Sounds great but obviously you don’t need me to tell you that as the losers pile up your bet size becomes greater and greater as you try to recoup your losses.
Benefits: Simple to work out.
Downfalls: Even simpler to lose your money.
Requirements: The need to get one over on your bookie.
Probable Outcome of using this plan: You give up and try another staking system
Type of person this system suits: Any Bookmaker!