Be successful in sports betting

Does the Martingale Betting System Payoff?

The Martingale Betting System was developed in 18th century France. It was actually part of a group of betting methods that were classified as “martingale.” Today, Martingale refers to a relatively simple sports betting system that dictates when you win a wager, you bet the same amount on the next wager, but when you lose a bet, you double your next wager.

Some sports gamblers swear by this methodology while sharp sports bettors that understand the math feel that it’s an example of poor money management practices. The fact that this system is still practiced and marketed today says more about the state of a losing gambler’s mind and less about the success or failure of the system. Here’s how it works.

First, it’s important to know that the system is designed for even wagers, which are thought to hit about 50% of the time. A bettor with a bankroll of $500 puts $50 on an early afternoon football game. The bet is lost. Under the Martingale System, the gambler now places $100 on the late afternoon game. If the bet is won, the theory is that the gambler makes back the original loss, plus a $50 profit. Once the bet is won, the bettor goes back to wagering $50 per game until they lose again.

The problem with this system is that it can put a bettor’s bankroll in jeopardy quickly. What if in our example the late afternoon wager is lost too. Now the bettor has to put $200 on the Sunday night contest. If that game is a washout, the gambler’s bankroll has gone from $500 to $150. And with that, the true problem with Martingale comes into focus. There’s only $150 left in the bank, but under Martingale the wager is supposed to be $400. Martingale has all but bankrupt the gambler’s bankroll.

Of course, it’s not as big a dilemma if the original wager was $20, which is a wiser wager if you’ve got a $500 bankroll. Still, even at 20 bucks per pop, using this system the gambler is down $80 after three loses and is due to wager $160 on the Monday night game. If they lose that bet, their bank is down to $260. According to Martingale, the next bet should be $320 and, once again as in the previous example, the money is not there.

What most amateur sports bettors dont understand is how odds work from a mathematical perspective. Did you know that a 50% handicapper will lose 5 games in a row 3% of the time? Eventually the math will catch with the Martingale system and the player will be broke.

Martingale is seen as being a regressive form of wagering where bettors play conservatively when they are on a roll and go for the sky when they are in a tailspin. It’s based on the belief that a string of loses on even odds wagers means that eventually there will be a win to correct the deviation. But this idea that wins and loses even out, which is known as the Gambler’s Fallacy, is illogical for one primary reason—it supposes that our four bets are interrelated, and they are not. Whether one wins or loses the first wager will have no influence on the second and the outcome of the second in no way has any influence on the third outcome. If there is no correlation in the bets the order of wins and losses is controlled by variance, something that no gambler has control over.

The application of any system in sports betting tends to be tenuous. Why? Success in gambling on sporting events is based on solid sports handicapping analysis, expert information and insider insights. A gambler’s ability to utilize all of the information available to them to make the right pick will determine an individual’s rate of success or failure and not some theory regarding odds correction based on probability. If you do practice the Martingale Betting System do so with care.

Should you pay for NBA Betting Systems?

NBA wagering strategies have given rise to an industry within the sports betting world since "experts" are constantly hawking their systems as the best out there. Furthermore, these can't-fail strategies are normally advertised online with clever sales letters and testimonials.

Of course, these systems don't come without a price - and often a steep price at that! So is it worth spending money on an NBA betting system? On average, the answer is "no" because most wagering strategies aren't worth the price being charged for them. In addition to this, many systems don't even result in long-term profits.

However, this isn't to say that every single system is completely worthless. But if you're going to find any NBA strategies, you need to do your research and read reviews before purchasing one.

The Overall Effectiveness of NBA Systems

Many people get interested in systems because they think that these strategies are some sort of get-rich-quick scheme. And if you going into sports betting with that kind of attitude, you're going to end up a long-term loser.

The truth is that no NBA betting system guarantees profits in the long-run; and if one did, everybody would use it and sportsbooks would go out of business. Even systems that are proven winners - like Allen Moody's High Points Total - aren't fool-proof strategies. Instead, they're normally based on small sample sizes like the 31-18 record that Moody boasts of.

It's worth mentioning though that some systems are good for implementing into your overall NBA betting strategy. For example, you could use the High Points Total to find an attractive matchup, then study it further before making a wager. Above all, remember that there's no substitute for hard work and doing your own research.

Be successful in sports betting