In a horse racing staking plan, points are a way of measuring the size of a bet. Instead of using a fixed monetary amount for each bet, a staking plan based on points uses a predetermined number of points for each bet, with the size of the bet calculated as a multiple of the point value.
For example, let’s say a staking plan assigns a value of 10 points to each bet. If you have a betting bank of 100 points, you would have 10 bets of 10 points each available to you.
If you decide to bet on a horse with odds of 3/1, you might decide to bet 1 point per 1/2 point of odds, which would mean a bet of 3 points on this horse. If the bet is successful, you would win 3 x 3 = 9 points (plus your original stake of 3 points), bringing your total to 109 points. If the bet is unsuccessful, you would lose 3 points, leaving you with 97 points.
Using points in a staking plan can help to manage your bankroll more effectively, as it allows you to adjust the size of your bets according to the level of risk involved. It can also help to reduce the impact of losing runs, as you are betting a fixed proportion of your bankroll rather than a fixed amount. However, it’s important to choose a suitable point value and to stick to the plan consistently to achieve the best results.