“Flat” Betting and Money Management
Flat bets are the simplest method of betting. Widely considered a “low risk” strategy (it is NOT), the same equal stake is wagered, as a win single, on every selection. While flat bets are easy to comprehend, they are essentially a “control” strategy and neither minimise risk nor realise maximum potential profit.
Nonetheless, level stakes betting is a good starting point for novice players. However, inexperienced backers should be aware of the risk potential of such a betting strategy, which very much depends on the percentage of the betting bank staked. Any betting strategy must be capable of enduring the long losing run.
A very low risk level stakes strategy uses 2% of the available betting bank, allowing for a losing run of 50 before the bank is exhausted. In contrast, a very high risk strategy uses stakes of 10%, allowing for just 10 losers before the cash runs out. A “medium risk” strategy, utilising 5% of the bank per selection is recommended, allowing for a losing run of 20.