A weight plate securing strap having a strip with a first end and a second opposite end. A post is on the first end and a plurality of apertures are near the second opposite end, wherein, when the strap is curved so that the post on the first end is inserted into an aperture near the second opposite end, the strap forms a circular collar for a weight plate on a barbell and wherein the strip is stretchable, made of rubber, or is rubber-like. A gripping flap on the first end and on the second opposite end facilitate installation of the strap around a barbell. The nature of the rubber or rubber-like texture of the strap and its being wound and stretched around the barbell creates a high resistance to movement along the length of the barbell.