The sports betting industry right now is absolutely huge. The amount of people who get into sports betting each year is also a staggering number. When you compare that to the actual number of sports fans, though, it is only a small percentage. It used to be the case that sports betting was just overall too seedy and esoteric – occult, even – to just enter at will. But that is now the distant past. Online sports betting is open and simple enough that you can make an account and bet on the current major NFL or La Liga fixture today, all within ten minutes.
So why is that sports betting still deters many? Even though the sportsbooks are very user-friendly and accessible right now, sports betting remains a tricky affair. If that is what deterred you, it would please you to know that there are numerous gambling systems that can also be somewhat used in sports betting. This article is all about them, and whether they are viable in the sphere of sports betting.
Betting systems are not a difficult concept. Simply put, they are just an overall scheme of putting your bets in and walking away with a profit. There are actually numerous betting systems out there. Some of them are also just popular for one type of casino game. In this article, however, we are going to only look at the top 5.
Negative and Positive Progression of Betting Systems
There are roughly two schools of betting systems, if you will. Of course, the main goal remains to earn you a net profit. The two schools just go about it differently. The difference is actually simple. Negative progression betting systems will have you increase your wager every time you lose. On the other hand, positive progression betting systems will make you up the wager when you win a bet. It becomes clearer when you look at the actual systems:
- The Martingale Method. Every time you lose, you double your wager. For example, let’s say your initial bet is $10, which does not land a win. You increase that to $20. If that does not win, your next bet is $40, and so on. The idea here is that if you win a bet, it will be enough to cover your past losses and still leave some profit in.
- D’Alembert Method. Like in the Martingale system, you increase your wager every time you lose. But instead of doubling from your previous bet, you just add the original wager amount to the current wager amount and keep at it until you win. For example: let’s say your initial bet is $10. If you lose, the next bet is $20, and the wager afterward is $30.
- The Fibonacci Betting System. This is also a negative progression system but based on the Fibonacci sequence. This is also comparatively risk-averse, and you do not need a massive bankroll to utilize it. You bet according to the Fibonacci sequence as multipliers. So if you were to keep losing bets on a $10 wager, your increment would be like the following: $10, $10, $20, $30, $50, $80, $130, and so on.
As you can figure, the problem with both the D’Alembert and Martingale is similar. Mathematically speaking, the Martingale system is infallible. Even if you make 5 bets and win only the final one, that will make up for all the past losses. Since you keep the formula going, this works for an indefinite amount of bets. In theory, that is. In practice, you will likely not stick to a method when you lose ten bets in a row. Both systems require a large bankroll to really work.
- The Paroli Formula. With this, you double your wager every time you win. If you lose, you keep staking the original wager amount again and again. If you win thrice in a row, you drop your bet back to the original wager again.
- Finally, the Unit Method. Rather than an elaborate mathematical formula, this is more of a general money management strategy. You designate a value to the potential wagers, and then bet in accordance. So your available wagers can be, say, 1 to 10. 1 is for the bet with low but steady outcome, while the 10 is for bets with some risk but good value.
The Final Word
The one important point is that a betting system is not exactly a betting strategy. They are more about your long-term bank management than your general way of approaching betting, or even what type of bet you should specialize in. Your actual skills in sports betting depend on other factors such as your ability to spot good value bets. These systems were meant for simpler games like roulette and slots, so it is helpful to rather look at them as tools to distribute your betting budget. And like all tools, they are only good as the situations you adapt them to.
Register to JeetWin today and play our amazing casino games. Have fun!
