There are systems for almost everything on the planet right now. That includes sports betting systems designed to increase your chances of winnings, manage your bankroll and avoid major losses. However, before looking at the most common systems, you’ll need to understand that most of them are in four major sports – football, basketball, hockey, and baseball.
What’s An Online Sports Betting System?
After checking out the best sports betting site reviews at https://www.oddsshark.com/sportsbook-review, you’ll need to have a system that gives you patterns that help to increase your earnings. These betting systems are also known as staking formulas or staking plans and they all work differently. Some encourage you to bet more as you win, while others work by reducing your wager as you lose.
These sports betting systems include:
Negative progression systems
While losing a bet is always a negative thing, this system encourages the bettor to increase the stake every time you lose. That may sound like a bad idea when you’re losing, but you can make up for the loss with a win in your current bet. The method can be very helpful, but punters must be careful when using it – especially when you’re on a losing streak.
This betting strategy is quite common in casino games, although sports punters also apply it in football, baseball, hockey, and basketball. The strategy also features three sub-strategies, including the D’Alembert, Martingale, and Labouchere plans.
- Martingale Betting Plan
The Martingale system is all about progressively wagering more each time you lose. For instance, if you start with a $50 bet and lose, you’ll double your bet and wager $100 in your next bet and so on. That means by the time you’re on your fifth bet, you’ll be wagering around $800, so the risk will be high. However, the gain can be quite rewarding.
- D’Alembert Betting Plan
While the system is quite similar to the Martingale System, this betting plan works a bit differently by increasing your bets slower. The slow rate of increasing your stake means that it is less likely that your wagers will be impossible to bankroll, but you won’t recover your losses fast like while using the Martingale system.
The method assumes there’s equilibrium in money bets because statistically, punters should win the same number that they lose. Going by this assumption, you can decide the percentage of your bankroll that you’ll use on every bet. However, most professional punters recommend using 1-5% of the total bankroll on every bet.
- Labouchere Betting System
The Labouchere betting system works by splitting your bets into several wager amounts. The wager amounts will need to be units totaling to the amount you’d like to win. That means if you’d like to win $100, you must break that into smaller units of $10, $20, $40, $20, and $10. The potential winnings from your first wager will need to be equal or more than the total of the first unit ($10) and last unit ($10), making it $20 in this case.
If you make the first $20 required by winning the best, you’ll cancel the first unit ($10) and the last ($10). However, if you lose your bet, you must add the $20 you’ve lost on the last unit, making the wager in that unit $30. You’ll keep adding whenever you lose or cross off the first and the last units with each win. Unfortunately, experts don’t recommend this strategy for bettors with a small bankroll.
Positive Progression Systems
These are exactly the opposite of negative progression systems. They encourage you to raise your stake after every win instead of a loss. However, these systems won’t allow you to win back your losses if you’re on a losing streak. These strategies include the Parlay and Paroli systems.
- Paroli system
The parole system is useful in even wager betting. Betting experts recommend a 2% base for a start and doubling your bet with every win. After you win three times in a row, you need to drop your bet down to your base stake. However, you’ll reduce your wager to your base stake if you lose until you win again.
- Parlay System
A parlay involves several bets in one. The system allows punters to re-invest their winnings from a wager to the next. However, you must pick the winning team for each chosen option to successfully use this system. That makes your odds higher while increasing your chances of making a loss, although the profits are much sweeter.
Bottom Line
When choosing a sports betting strategy, you need to consider formulas that are successful instead of trending or complicated systems. However, everything comes down to selecting a formula that is easy for you to use and calculate and strictly following it. That means if you constantly switch up things, you’ll never know what will work best for you.