Betting System | Betting Strategy

Betting System | Betting Strategy

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Money Management in Betting

 

Betting Strategies and Betting Systems

 

Skills for managing money are important in all kinds of financial activities. It basically all comes down to balancing out your funds in order to reduce the risk while trying to achieve your goals. In betting terms, knowing how to plan your own money is the fine line between those professionals and the amateurs/recreational type of bettors. Bad money management can make even the best punter out there go bankrupt because that’s the most important thing one person needs to know before starting to bet. If you pick your matches just by accident or thinking that there are sure bets most often don’t produce positive results. If you have a good betting strategy, it won’t matter whether you win your first, fifth or tenth bet, once you do – you automatically become a winner. Of course, no betting system in the world can help if you don’t have the skills to pick the valuable bets in the long-term, and your betting funds aren’t large enough.

 

Betting Systems

 

In essence, there are two different basic betting systems: 1) betting system of negative progression and 2) betting system of positive progression.

 

1)      It is the one requiring a raise in your stakes every time there a bet is lost and they are usually very risky and demand higher financial power of a bettor.

 

2)      Unlike the previous system, this one requires a raise in your stakes every time a bet is won; so they naturally demand less cash and therefore they’re not as risky as the first one.

 

Betting Strategies

 

There are a few different ways of investing your money while betting, and below is the brief overview of a few betting strategies for the successful money management.

 

1)      Fixed profit – just like its name says, the point of this way of betting is to record the exact amount of already predetermined profit. Since the events you will be betting on will mostly be full of different odds, your stakes will differ judging on the odds set. The advantages of this betting system are obvious and we’ll illustrate it the best with the example below:

   

Targeted profit: $100

 

Example 1: The odds on the event you want to bet on are 1.50. The stakes needed are: 100/(1.50-1)= $200.

 

Example 2: The odds on the event you want to bet on are 3.50. The stakes needed are: 100/(3.00-1)= $50.

 

As seen from the example above, you would have to invest relatively high stakes on the events with lower odds, while the stakes you’ll be investing on the matches with higher odds will be quite smaller. The conclusion for this is that it doesn’t matter for you what are the odds, as long as they’re valuable in your eyes, meaning they’re higher than you think they should be.

 

2) Flat stakes – unlike the previous system where the stakes depended on the odds, here they are fixed. Logical consequence of that is the fact profits with every bet will most likely be different. The advantage of flat staking is that it is a very simple betting system where all you have to do is to pick the event and determine the amount of your betting bankroll. We will talk about how to determine your original stakes in another betting article on our site.

 

A disadvantage in flat staking is the fact your potential profit will mostly depend on your hit rate, and how well do you hit the matches with high odds, as those will most likely be just a small part of your total amount of bets, so a few exceptions will affect your bankroll in a great way.

 

3) Martingale – the last betting system we’ll be briefly going over in this betting article. It’s one of the most famous and well-known betting systems in the world dating back from the 18th century in France. The basic way how it works is that a player should double up his/her stakes every time there is a loss. However, most of the bookmakers and casinos have betting limits and it is believed they have been created specifically due to Martingale players. A potential risk in this betting system is extremely high, as you can quickly lose a huge part of your bankroll, while a profit can also be tremendous. Using simple math, a player needs to increase their original stakes 64 times their original stakes after six lost bets in a row at odds 2.00, so it is recommended you have a large bank if decided to go for this dangerous system.

 

There is also a Anti-Martingale system which is clearly the opposite from Martingale, and it requires a bettor to decrease his/her stakes when a bet is lost, while an increase in stakes is required when a bet is won as it’s believed that there are “hot streaks” and “cold hands” and those trends are sometimes good to follow.

 

If you’re interested in reading more about other, more complicated betting systems and strategies, please check out one of our other betting articles.

Insider - March

Staked: EUR 150
Won: EUR 129.8
Profit: EUR -20.2
Bets: 15
Won bets: 7
Lost bets: 8

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