Different Sports Betting Systems
Different Sports Betting Systems
Anyone who is involved in gaming, gambling or betting will likely have heard stories of legendary people who have supposedly created the next foolproof betting system and have used the system themselves to help them avoid losing and get higher profits in the long-term. The fact is that there is no system in existence that can guarantee that you’ll definitely be successful and never lose.
However, there are systems that will allow you to either minimise your loses, at the same time going for only a small win, or maximising your winnings, at the same time opening the potential for a big loss.
The Parlay System
This is one of the most famous betting systems that are commonly used in horse racing. Many have said that contrary to other sports betting systems, the Parlay System has a pyramid effect on your profit which means your winnings are played on successive wagers, regardless of the odds on each wager.
Following the philosophy of pyramiding, what happens in this system is that you place a bet and if you come out a winner you re-invest the winnings on the next wager. So in horse racing, for example, you simply let it ride. Also, unlike the other betting systems, the Parlay System offers a lower amount of risk of all bettors for because they only need be concerned with a win, place or show selection or a combination.
The Martingale System
This is probably the most famous sports betting system on the planet and actually has nothing to do with choosing the winner of an event. It is more concerned with the right odds and money lines. This system involves doubling your original bet every time you lose your initial bet, until you make a profit.
On the other hand if you were to lose then you would wager twice what your original bet was. According to proponents of the system, this strategy will eventually enable you to win the bets you place and when you win you would recover all your lost bets plus one unit profit against your initial wager.
The Paroli System
This is thought to be opposite that of Martingale. The difference is that with the Paroli System you start with one wager and then up the wager when you win rather than with a loss. This system lets the profit run and cut short the losses, which makes it appealing due to the fact that you do not have to have a lot of money to be able to use it effectively.
The best way to experiment is to try all three systems with small sums of money to see which one suits you the most and your betting style. Not one system is by means the best so have fun trying each of them.
Discuss betting systems with other players on our forum.
