Ever heard of the Martingale Staking System'?
It is a simple betting system that originated in 18th century France.
It required the gambler to double their bet after every loss so the first win would recover all previous losses and end up with a profit equal to the original stake.
The theory suggests that if you had infinite time and wealth, the probability of eventually winning becomes certain.
However, it doesn't really work like that in the real world.
That's because the exponential growth of the bets will eventually bankrupt the gambler.
So, the answer is no - you shouldn't double up on a losing bet…
But which betting systems can be trusted to work?
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First let’s explore the difference between a system and a strategy?
When it comes to a strategy it does not refer to any fixed set of rules or procedures, but rather an approach or method when betting on sports.
For example, if you are betting on sports, you would place your bets based on a set of factors that affect the outcome of the game. A betting strategy would have you analyse and consider a multitude of factors before making a bet, allowing you to make a more informed bet.
On the other hand, a betting system is about following a fixed set of rules or a procedure.
Using the same example, a betting system would suggest you follow the best player of a match. There is no strategy but rather following a specific rule.
What becomes important here is whether a specific betting system or strategy could increase your chances of winning in the long run.
The most popular betting system types used today
#1 – Positive Progression System
A positive progression system is popular in casinos and even more so with games such as roulette.
The basic concept of the positive progression system is to increase your stake when you win, increasing your stake after each win but decreasing when you lose. This is designed to minimise losses.
For example, if you are playing roulette with a starting stake of R10. Each time you win you add another R10 to your stake while each time you lose you decrease your stake by R10.
This can maximise your profits if you are on a winning streak but does not account for the chances of winning or losing. The only good thing about this system is it can help keep your losses down during losing streaks.
#2 – Negative Progressive Systems
At its core, this is opposite to the positive progressive system. With this system you would increase your stake after a loss, the theory being that you would eventually win and recoup your losses.
This is exactly what the Martingale Staking System is all about. The problem with this system is there is no limit to the number of times you can lose and the question remains?
Do you have a big enough bankroll to survive a long losing streak?
#3 – Insurance Betting System
Similar to the negative progressive system the main component of this system is to reduce your stake size after every loss (thus insuring you don’t lose your bankroll).
For example, if your stake size is R100 per bet, and you lose, the insurance betting system requires you to reduce your stake size by a pre-determined unit. For this example let’s make our unit R10.
If you lose, you would remove R10 from your R100 stake. Meaning your next staking amount would be reduced to R90.
If you win, you will work your way up by increasing the stake amount.
The nice thing about this system is it does not require you to place more money in when you lose. However, the drawback is it does not give you a chance to win back your losses.
But, in my opinion it’s a nice compromise between the negative and positive progressive systems and one I would recommend.
Until next time,
Head Tipster, The Winning Streak Team