Bookmakers & Betting
Systems & Strategies
The Martingale system is also known as the doubling up system and the basic rules are that every time you have a losing bet you double your stake. In theory this would mean you always win one unit of your stake as profit every time you have a winning bet. This system is most commonly applied to casino games, often roulette on red or black or odd or even but can also be applied to sports betting too.
The Martingale has a sound theory but in practice the stakes soon mount up after a losing run and you may struggle to get your full stakes on. For example, even if your unit stake was £10, after 10 losing bets you’d be staking £10,240!
Many punters have tried to turn a small amount of money into a large amount of money by continually rolling winnings on to perceived certainties. This would involve starting with a bank of something like £50 and placing it on a 1/10 shot each time for a selected amount of bets, each time playing up the total bank. It may seem like this would take years to make realistic returns but even after 50 winning bets you’d have already made £5,869 and if you were able to find 100 winning bets at 1/10 in a row you’d win over £689,000! This is much harder than it sounds though even if you are picking 1/10 shots. More 1/10 shots get turned over than you’d think which is why 50 1/10 shots combined produce cumulative odds of 117/1, the chances of doing this are the equivalent of picking one 117/1 shot and it winning.
OLBG Members' Thoughts On Systems
KanKeano summarised some of the shortfalls with systems in a blog reply on OLBG.com:
The trouble with systems is that there are plenty of unknowns which can affect a system selection i.e team selection, injury news and the weather. You can not factor in these unknowns into these systems so it makes it very difficult to blindly follow a selection. However, what systems can do is highlight are likely outcomes. If you can use these selections to narrow down the games you want to bet on you can then research the games and the info at hand and make a decision on whether to make those bets.
Man O Bong also has his take on systems which is a very interesting read for anyone seriously into their systems click here to check out Man O Bong's opinions about systems.
There are millions of other systems that punters have created for their own needs and we can't list them all. One such example would be with Micko70 who has his own system for betting on horse racing and you can read more about that by clicking here.
In team sports these systems can be anything, ranging from laying any team that is missing four or more regular first team players through injury or suspension to backing every team that has won at least four of its last five games if they are playing a team that has lost at least four of their last five games. In horse racing systems that punters use could be backing any horse where a trainer has a certain strike rate at a course to backing any horse that has traveled a certain number of miles to their engagement. With some fine tuning these systems can be profitable but they should always be thoroughly tested before staking real money.